Is hypothecation - assigning particular tax revenues to a specific public policy goal - a good thing? The technical answer is, almost certainly, no, but why and what are the arguments for and against this hotly debated topic? Read Ian Young's article presenting the facts and then decide.
Anita Monteith of ICAEW’s Tax Faculty explains how to account for trades in the sharing economy, specifically how tax and national insurance work in the gig economy
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.
How can we more closely align income tax and NIC, and why is this important?
Currently there is widespread concern that many businesses, particularly large multinational corporations, are not paying enough tax on their profits. This is a serious issue at a time when public finances are under strain.
This ICAEW report highlights the tough choices faced by businesses and politicians in relation to corporate tax.
The Wyman Symposium 2017 considered how society is likely to be organised in the future, what the role of work will be and how it will be taxed. What impact will artificial intelligence (AI) have on the tax system?
The Tax Faculty’s Ian Young reports on the 2017 Hardman lecture, as given by Mary Monfries, on the vital role of the profession in building a world of strong economies.
The Tax Faculty has formulated Ten Tenets for a Better Tax System. This comprises 10 key characteristics against which to evaluate tax systems and tax policies, which include: simplicity, certainty and reasonableness.