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Tax Faculty

Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.

 

TAXline: June 2018

In this issue, farming tax specialist Wayne Glenton looks at practical and technical tax issues when acting for farmers, Mary Monfries considers the issues facing the tax profession, Ian Young reports on the international tax summit and Chrissie O’Connor reports from the Tax Faculty’s 27th Annual General Meeting.

TAXline: May 2018

In this edition, Anita Monteith asks whether it's possible to tax robots, Carl Bayley reflects on his time as chair of the Tax Faculty, John Cassidy explains sanctions for offshore non-compliance, Caroline Miskin gives an update on HMRC’s online services for agents, and Sarah Ghaffari takes a closer look at IR35 on the 18th anniversary of its introduction.

TAXline: April 2018

In this issue, Robin Williamson reports on the the 25th anniversary of the founding of TaxAid, Lynnette Bober of the Tax Faculty’s Private Client Committee explains the new rules for DOTAS and inheritance tax and Jane Moore summarises the tax announcements from 2018’s Spring Statement.

TAXline: March 2018

In this issue: Gary Rowson looks at the alarming increase in deliberate penalties from HMRC, Jane Moore considers the government’s plan to extend the assessment time limits for offshore non-compliance and Lynnette Bober and Andrew Cockman detail two practical points on entrepreneurs’ relief that have been discussed with HMRC.

 

TAXguide 10/18: IR35 contract reviews

In TAXguide 10/18 Kate Cottrell explains the process required to perform an IR35 contract review, problem areas to watch out for, details of HMRC’s free service and what the implications are when things go wrong. Read a summary here, Tax Faculty members can download the full guide.

TAXguide 09/18: simple assessment

In TAXguide 09/18 Caroline Miskin explains what a simple assessment is and how HMRC is using them to reduce the number of taxpayers from self assessment. Read a summary here, Tax Faculty members can download the full guide.

Offshore compliance risks

Offshore compliance has the highest profile in HMRC’s efforts to tackle tax evasion and avoidance. Higher penalties, new powers and quantities of new data mean that HMRC has some impressive tools in its toolbox.

Representations

ICAEW Rep 70/18

The conduct of tax enquiries and the resolution of tax disputes

ICAEW Rep 67/18

Tax avoidance involving profit fragmentation

Tax topics for today

TAXguide 21/17: The tax implications of Brexit

Although many of the tax implications of Brexit are currently unknown it is VAT and customs duties which are most likely to be affected. As these are based on EU law, Brexit provides an opportunity for the UK government to make legislative changes to these taxes. In this guide ICAEW's Tax Faculty outlines the potential consequences.