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Business tax

Practical guidance, commentary and support on the taxation of business, including: capital allowances, entrepreneurs relief and corporation tax, as well as the taxation of partnerships, the self-employed and charities.

In this section

Finance (No. 2) Act 2017: a summary

Lindsey Wicks takes a look at what it contains, including information on income tax, investments, trading and property businesses, corporation tax, chargeable gains, domicile and overseas property, disguised remuneration, capital allowances, indirect taxes, reporting and record-keeping, avoidance and more.

More from the ICAEW Tax Faculty Conference 2017

The second of two reports from 2017’s Tax Faculty Conference, compiled by the Tax Faculty team. Topics included IT risks, capital allowances, compliance, the Worldwide Disclosure Facility, and an update on HMRC’s tax agent strategy.

Why is farming special?

Farming is one of the few business sectors to which special, specific tax rules apply. Mark Wallace considers how and why these rules impact the industry and whether some of them are even still necessary.

MTD for businesses

Businesses and landlords will be required to use commercial software to maintain their records and to update HMRC quarterly, starting with VAT.

MTD tools and resources

Useful resources and a list of events from ICAEW for agents, business and individuals to support them in meeting the requirements of MTD.

Entrepreneurs’ relief on disposal of a surgery

Entrepreneurs’ relief is designed to give relief for capital gains tax on the disposal of interests in businesses and this relief may be extended to assets used in those businesses. This article examines the difficulty in obtaining relief for the disposal of a business asset, such as the surgery building, while the business is ongoing.

Reflections on entrepreneurs' relief

Farmers have been able to claim entrepreneurs’ relief (ER) on qualifying gains made since 5 April 2008, paying just 10% tax. This article reflects on the conditions with references made to case decisions.

How do you tax a robot?

The Tax Faculty's technical lead, Anita Monteith, looks at the tax challenges brought by the increasing use of artificial intelligence and robotic process automation.

TAXguide 03/18: Employment taxes round up

In TAXguide 03/18, Kate Upcraft answers a selection of the key questions raised by viewers of the Tax Faculty webinar "employment taxes round up", broadcast on 13 February 2018.

Engagement letters

This page provides a series of sample wordings to help you draft engagement letters. ICAEW has developed guidance on what to include in engagement letters incorporating the requirements of GDPR.

Business implications of Autumn Budget 2017

Changes to business rates and reliefs for R&D will be welcome news for firms, says Matthew Rideout, but the Autumn Budget will probably not have a major impact on business who are facing the challenges of Brexit and continuing high inflation.

Research and development tax relief in the UK

Nigel Holmes of tax relief specialist Catax considers research and development tax relief in the UK, the effecting of claiming state funding, R&D expenditure credit and how SMEs can make the most of R&D tax relief and grants side by side

Employment tax round up - 2018

This webinar aired on 13 February 2018, just before Scotland's major shake-up of income tax. In it payroll consultant Kate Upcraft and ICAEW’s Peter Bickley explore what this means for agents and taxpayers, and look at a myriad of other changes in the payroll arena as we approach the start of the new tax year.

TAXguide 16/17: Employment intermediaries

David Heaton provides a comprehensive guide to the major changes to the structure of employment arrangements affecting employment intermediaries that were introduced in 2014 and 2015.