ICAEW.com works better with JavaScript enabled.

Tax news from February 2020

Latest news on the UK tax system, brought to you by the ICAEW Tax Faculty.

ICAEW members urged to help shape HMRC charter

28 February 2020: ICAEW’s Tax Faculty is calling on members to share their reactions to proposed changes to HMRC’s charter, which outlines what taxpayers can expect from the UK’s tax, payments and customs authority.

Be prepared for the impact of IR35

27 February 2020: from 6 April 2020, changes to the off-payroll working rules (IR35) may increase the tax charge on contracts for work with large and medium-sized businesses. Whether you are working for a big firm or supporting your clients through the process, ICAEW has resources to help you get to grips with the new rules.

Finance Bill to be published on 19 March

25 February 2020: the Financial Secretary to the Treasury has confirmed that the Finance Bill will be published on 19 March, eight days after the 2020 Budget.

New election for agents of corporate non-resident landlords

20 February 2020: corporate non-resident landlords move from the income tax regime to the corporation tax regime on 6 April 2020 and become subject to the corporate interest restriction rule. ICAEW’s Tax Faculty gives an overview of a new election available for letting agents of corporate non-resident landlords.

HMRC Update confirms changes to code out of self-assessment debt

17 February 2020: in its latest Agent Update, HMRC has confirmed changes to collection of self-assessment debt, offered opportunities for agents to test new systems and published reminders for non-resident corporate landlords becoming liable to corporation tax from April 2020.

Showing 10 of 14 items