Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Brexit guidance and resources
Looking for guidance and insights from ICAEW on the end of the transition period? Find the latest updates and expert analysis at the ICAEW Brexit hub.
Government guidance, industry reports, forecasts and studies on the impact of Brexit by industry sector.
As part of a £5bn cladding remediation package following the Grenfell Tower disaster, the government is proposing a new residential property developer tax. Likely to be introduced in 2022, the tax aims to raise at least £2bn over 10 years and would apply to developers with annual profits in excess of £25m.
You can make an election for transparency for offshore collective investment vehicles to be treated as a partnership for Capital Gains Tax purposes.
In this webinar we are joined by the Office of Tax Simplification to discuss the OTS document which sets out the scope of a new project around simplifying the tax reporting and payment arrangements for the self-employed and landlords of private residential property.
Find out how to register for Corporation Tax as a non-resident company if you have sold, gifted or transferred interests in UK property or land.
A response dated 4 February 2019 to a consultation published by HMRC on 29 October 2018.
Expert commentary and practical guidance from ICAEW related to the taxation of property in the UK regime, covering areas such as: ATED (annual tax on enveloped dwellings), business rates and stamp duty land tax.
Consultation on the policy design of a Residential Property Developer Tax on certain profits from residential development activity. The consultation runs from 29 April to 22 July 2021.
Check if you have to pay the higher rates of Stamp Duty Land Tax (SDLT) when you buy a residential property in England or Northern Ireland.
8 July: No SDLT on houses up to £500,000 in England and Northern Ireland, VAT cut to 5% to support hospitality and a £1,000 bonus for retaining furloughed employees were the headline tax changes in the Chancellor’s Summer Statement
Updated 5 June: Homeowners in England and Northern Ireland unable to sell their home within three years of purchasing a replacement property due to the coronavirus pandemic may still claim a stamp duty land tax (SDLT) refund.
Get help if you’re a tax agent or adviser who has clients with property rental income to declare on Self Assessment tax returns.
This measure makes changes to a number reliefs that are ancillary to the main Capital Gains Tax private residence relief.
A response dated 20 May 2019 to a consultation published by HMRC on 1 April 2019.
A response dated 6 May 2019 to a consultation published by HMRC on 11 February 2019.
11 August: The VAT treatment of imported goods is changing from 1 January 2021 following the end of the transition period. HMRC has started to issue guidance on the changes.
8 June: The government has announced a further five-month delay to the introduction of the domestic reverse VAT charge for construction services due to the impact of coronavirus.
This brief explains that the introduction of the domestic reverse charge for construction services will be delayed for a period of 12 months until 1 October 2020.
HMRC’s new domestic reverse charge for construction services comes into force on 1 October 2019. HMRC has recently finalised its legislation and published further guidance on this new regime, which will require the recipient rather than the supplier to account for the VAT due on certain construction services.
This guidance note explains the VAT domestic reverse charge for building and construction services which comes into effect on 1 October 2019
Thie revised notice, explains the digital records VAT-registered businesses with a taxable turnover above £85,00 are required to keep.
Scottish and Welsh property tax
Reflecting changes proposed in the recent budget.
Reflecting changes proposed in the recent budget.
An update on the Land Transaction Tax (LTT) system, guidance, and events for tax professionals.
Guidance on LTT (schedule 13) relief for acquisitions involving multiple dwellings.
All the information solicitors and conveyancers need for Land Transaction Tax (LTT).
Construction Industry Scheme
13 November: HMRC has published draft Finance Bill legislation to tighten up the construction industry scheme (CIS).
Access resources on the construction industry scheme (CIS) and how it applies for businesses within the UK tax regime
Expert commentary and practical guidance from ICAEW related to income tax in the UK personal tax regime.
Businesses that are lessees of business assets which adopt the new lease accounting standard, International Financial Reporting Standard 16 (IFRS 16) will be affected by this measure.
This webinar explores the tax implications of IFRS 16 Leases and includes practical illustrative examples.
IFRS 15 provides a single, principles-based five-step model that should be applied to determine how and when to recognise revenue from contracts with customers.
IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items.
Welcome to our new hub containing a suite of resources covering IFRS 16, which sets out the principles that both lessees and lessors apply to provide relevant information about leases. This hub contains a range of articles and extracts from various sources, including a new IFRS 16 Leases report published by the Financial Reporting Faculty exploring the IASB's new leases standard.
Impairment of Assets
Landlords of commercial property in England face further extensions to temporary laws that protect their commercial tenants from specified legal actions against them to recover rent arrears - and a new and unexpected ringfencing and arbitration procedure.
Residential landlords should review their processes so they will be able to identify notices received from an Ofcom registered operator requesting access to their properties to install and maintain broadband equipment, and respond appropriately, to avoid an access and maintenance agreement being imposed on them by the courts.
Businesses and individuals ordering or supplying building materials, or managing building projects, should ensure their contracts make it clear what happens if there are supply issues for building materials (given the current shortages of these) and if COVID-related staff absences and social distancing cause delays, or risk costly legal disputes.
Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
Anti Money Laundering and construction
Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
Find out if you’re an estate agency business who needs to register with HMRC under the Money Laundering Regulations.
Health and safety
Here’s why health and safety legislation makes good business sense
Bloomsbury Core Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.
A chapter discussing the tax issues to consider when incorporating a rental property business.
A chapter discussing the ways in which employment status may have to be considered by a business when it incorporates.
A full chapter on the taxation of property income in the UK, written for tax practitioners.
Expert commentary on the current capital gains tax legislation related to the taxation of land and property in the UK.
Practical guidance on how the Construction Industry Scheme (CIS) applies to businesses within the UK tax regime.
A chapter on the special business reliefs available for buildings and structures, including The Structures and Buildings Allowance ('SBA').
Expert commentary on the current UK corporation tax legislation related to property investment.
Guidance on the tax aspects of buying, running or selling a residential buy-to-let property business.
The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact firstname.lastname@example.org
A practical guide to the best approaches for commercial real estate value assessment, covering all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation.
A practical guide to the best approaches for commercial real estate value assessment. This chapter provides a case study on valuing a four-star hotel located in a UK city.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for revenue gives a comparison of FRS 102 Section 23 and IFRS, and looks at measurement of revenue, identification of the revenue transaction, sale of goods, rendering of services, percentage of completion method, franchise fees, interest, royalties, dividends, construction contracts, disclosures, and practical implementation issues.
The twelfth edition of this essential valuation textbook reflects the changes in the regulatory and statutory framework for property valuations that have occurred since 2013, as well as presenting the tried and tested principles and practices of real estate valuation.
Industry sector guides
Guide to researching the building and construction industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Guide to researching the property selling, development and rental sectors. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Guide to researching architects and architectural services firms. Quick links to trends, forecasts, market research, statistics and useful organisations.
The UK construction industry recorded its fastest growth in 24 years in June 2021, according to the IHS Markit/CIPS construction PMI.
The new build residential sector is coming under pressure to reach net zero emissions. Nick Wilson explores the options available to specifiers, developers and heating contractors.
Google's parent company Alphabet Inc has announced it will close its seven-story Shoreditch base offering help to startups, replacing it with online support programs and services.
Life sciences building sales and refinancing are doing well - unlike workers in conventional offices, many scientists don't work remotely.
The Library & Information Service provides access to industry profiles and market reports as a benefit of ICAEW membership. See our Industry guides for a more comprehensive selection of market research resources for a wide variety of industries, including construction and property selling, development and rental. If you are unable to access a report, please see our Online resources troubleshooting or contact email@example.com
An industry report on the global real estate industry, providing market data analysis and forecasts, including data on the competitive landscape and key players.
An industry report on UK real estate, providing market data analysis and forecasts, including data on the competitive landscape and key players.
An industry report on European real estate, providing market data and forecasts, including data on the competitive landscape and key players.
An industry report on UK residential construction, providing market data analysis and forecasts, including data on the competitive landscape and key players.
An industry report on European residential construction, providing market data analysis and forecasts, including data on the competitive landscape and key players.