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Displaying 1-10 of 49 results
MPs briefed on HMRC’s R&D compliance approach
- Article
- 16 Sep 2024
ICAEW’s Tax Faculty has warned MPs that HMRC’s handling of research and development (R&D) tax relief claims is causing significant disruption for companies undertaking genuine R&D activities.
Economy explainers: private schools and VAT
- Article
- 16 Sep 2024
The Labour government has published draft legislation removing the VAT exemption for private schools from 1 January 2025. ICAEW’s experts outline the changes.
Economy explainers: what is the non-dom regime?
- Article
- 12 Sep 2024
The Labour government has pledged to deliver on the previous administration’s commitment to abolish the tax rules for non-UK domiciled individuals. ICAEW experts explain what makes someone a non-dom, and why it matters.
High earners may need to submit 2021/22 tax returns
- Article
- 11 Sep 2024
HMRC is writing to taxpayers whose income exceeded £200,000 in 2021/22 and asking them to check if they should have submitted a tax return for that year.
Tax news in brief 11 September 2024
- Article
- 11 Sep 2024
Highlights from the broader tax news for the week ending 11 September 2024, including: new tax exemptions for compensation payments and benefits; new guidance from HMRC on applying for an SDLT refund; and a one-to-many campaign from HMRC focusing on businesses that hold a duty-free spirit approval.
Tax return fix for student loan deductions
- Article
- 09 Sep 2024
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIK) should follow HMRC’s guidance when completing their self assessment (SA) tax return, warns ICAEW.
NAO highlights tax evasion in the retail sector
- Article
- 09 Sep 2024
The National Audit Office (NAO) has found that HMRC does not have a specific strategy for tackling tax evasion, and that a cross-government approach as well as a better use of HMRC’s powers could increase tax revenues.
EIS and VCT scheme extended by 10 years
- Article
- 09 Sep 2024
Shares issued before 6 April 2035 will qualify for relief under the enterprise investment scheme (EIS) and the venture capital trust (VCT) scheme if all other conditions are met.
Tax news in brief 4 September 2024
- Article
- 04 Sep 2024
Highlights from the broader tax news for the two weeks ending 4 September 2024, including: a delay to the proposed changes requiring employers to provide more information; HMRC’s plans to stop sending some corporation tax letters; and tips from HMRC on completing form 64-8.
Improved processes for trusts and estates
- Article
- 03 Sep 2024
Updates to forms should make it easier to inform HMRC of a chargeable event for inheritance tax (IHT), and to speed-up probate applications and dealing with an estate.
Displaying 1-10 of 49 results