Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.
A new consultation on the VAT treatment of private hire vehicles was among a number of announcements made on tax administration and maintenance (TAM) day.
HMRC is sending a further batch of one-to-many letters to taxpayers it suspects may have UK tax to pay on foreign income and gains.
ICAEW’s Tax Faculty is encouraging businesses and agents to give their views on dealing with HMRC and managing recent and forthcoming tax changes.
Highlights from the broader tax news for the week ending 17 April 2024, including: how Labour intends to close the tax gap; a change to the form for reporting a residential property gain; and new HMRC guidance for employers on giving foreign tax relief.
Is HMRC entitled to the information it has requested about your client? In the first of a series of articles on managing risk, solicitor Karen Eckstein outlines the factors to consider.
HMRC data suggests there has been a significant increase in construction industry scheme receipts. Howard Royse looks at the reasons why and considers the future of the scheme.
Patricia Mock and Sally Campbell, co-authors with Bill Dodwell of a recent Tax Law Review Committee discussion paper, consider a range of principles to help inform future tax policy.
Ahead of the next ATED deadline on 30 April 2024, Stephen Relf explains why more of us may need to engage with ATED, identifies some problem areas to look out for and asks if ATED is still fit for purpose.
PAYE rates, thresholds, allowances, etc for employers in 2024/25 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
TAXguide covering the UK taxation of cryptocurrency held by businesses including corporation tax, stamp taxes, employment income and VAT.
TAXguide covering the UK taxation of cryptocurrency held by individuals including charges to capital gains tax and income tax.
2024 TAXguides published by ICAEW Tax Faculty.
The latest information and guidance on Making Tax Digital income tax self assessment (MTD ITSA) from the Tax Faculty.
This webinar from the Tax Faculty will run through the basics of the cash basis and what is changing from 6 April 2024
This webinar from the Tax Faculty will provide an update on all the recent and upcoming changes to payroll, rewards and employment taxes in 2024/25.
What will the EU's Carbon Border Adjustment Mechanism mean for UK businesses exporting to the EU?
A representation dated 15 March 2024 to a consultation published by the Scottish Government on 18 January 2024.
A representation dated 29 February 2024 to a consultation published by HMRC on 9 February 2024.
A representation dated 23 February 2024 to a consultation published by the Department for Levelling Up, Housing and Communities (DLUHC), on behalf of and jointly with His Majesty’s Treasury (HMT), His Majesty’s Revenue and Customs (HMRC) and the Department for Business and Trade (DBT) on 27 December 2023.
As digital technologies transform the worlds of work and leisure, the UK government grapples with balancing the books while ensuring its tax system is fit for purpose. As HMRC launches its review of the system that underpins the tax system, we take a look at the pressing issues and challenges.
The government has moved swiftly to consult on draft legislation to reform basis period rules before MTD ITSA becomes mandatory. ICAEW is concerned that changes will be rushed through and disappointed that the normal consultation process is not being followed.
ICAEW welcomes HMRC’s vision of a more flexible and responsive tax system outlined in the Tax Administration Framework Review but warns that significant challenges, such as creating a single identifier for taxpayers and consolidation of tax systems, can only be met if HMRC is properly resourced.
A single identifier for individuals and smoother registration processes are pre-requisites for a better tax system, argues ICAEW. HMRC also needs funding to develop an improved process for registering, authenticating and authorising agents.
ICAEW considers HMRC’s call for evidence on timely payment to be premature, as earlier payment of income and corporation tax would reduce businesses’ flexibility to manage their cashflow.