Businesses encouraged to access their BTA

30 September 2020: New guidance from HMRC explains the services available in business tax accounts (BTAs). ICAEW’s Tax Faculty outlines what the account offers.

COVID-19 and ‘new normal’ necessitate rule changes for employee benefits

28 September 2020: The employee benefits-in-kind (BiK) regime is not fit for purpose for a post-COVID world ICAEW has told HMRC.

Additional SEISS grants come with extra conditions

28 September 2020: The Self-Employment Income Support Scheme (SEISS) is being extended, but the scope of the scheme will be narrower and the third and fourth grants less generous. ICAEW’s Tax Faculty explains what is known at this stage.

Employers reminded to make PSA payments by 22 October

25 September 2020: Employers with a PAYE settlement agreement (PSA) in place should not wait for a payslip from HMRC before making a payment to avoid interest and late payment penalties, warns ICAEW’s Tax Faculty.

CJRS claims can be made for furloughed staff on jury service

24 September 2020: If an employer normally pays staff on jury service, they will be able to make a claim under the coronavirus job retention scheme (CJRS), HMRC has confirmed.

VAT: changes for opticians and sellers of hearing aids

23 September 2020: HMRC announces simplification for opticians and dispensers of hearing aids to account for VAT on their supplies.

ICAEW gives evidence to parliament on future of tax system

22 September 2020: Key recommendations to the Treasury Select Committee included moving the tax year end, focusing on the distinction between employed and self-employed, and improving day-to-day interactions with the tax administration system.

Capital gains tax review – be part of the debate

21 September 2020: Register now to join the Tax Faculty’s webinar with the Office of Tax Simplification (OTS) and discuss potential changes to the CGT regime

ICAEW raises concerns about POTAS and DAC 6 interaction

21 September 2020: ICAEW has asked HMRC to consider appropriateness of including DAC 6 failures in the promoters of tax avoidance schemes (POTAS) rules.

Business rates multiplier should be reduced, says ICAEW

21 September 2020: ICAEW has warned that urgent action is needed before the current business rates holiday ends in April 2021 and suggested that there was a strong case for a significant reduction in the multiplier.