Displaying 1-40 of 97 results
HMRC publishes over 100 FAQs on lifetime allowance abolition
- Article
- 29 Apr 2024
- ICAEW Insights
HMRC has published an update for pension scheme administrators on a range of issues, including the abolition of the lifetime allowance (LTA).
HMRC publishes extra guidance on lifetime allowance abolition
- Article
- 09 Apr 2024
- ICAEW Insights
HMRC has published additional guidance for pension scheme administrators on a range of issues, including the abolition of the lifetime allowance.
Chart of the week: Whole of Government liabilities
- Article
- 05 Apr 2024
- ICAEW Insights
Our chart this week looks at how liabilities in the UK’s public balance sheet have risen significantly over the five years to March 2022.
Exclusive
Ways to tackle tax threshold unfairness
- Article
- 04 Apr 2024
- Patricia Mock and Sally Campbell
Patricia Mock and Sally Campbell, co-authors with Bill Dodwell of a recent Tax Law Review Committee discussion paper, consider a range of principles to help inform future tax policy.
New guidance on applying for help with paying IHT
- Article
- 02 Apr 2024
- ICAEW Insights
HMRC has published guidance on applying for a grant on credit and on recent updates to tax rules and processes relevant to trusts and estates.
ICAEW technical updates: March 2024
- Article
- 26 Mar 2024
- ICAEW Insights
This month’s top stories include Spring Budget announcements, HMRC halting the decision to restrict helplines, and more guidance on the lifetime allowance abolition.
More guidance released on lifetime allowance abolition
- Article
- 11 Mar 2024
- ICAEW Insights
HMRC has responded to feedback on the abolition of the pension lifetime allowance rules. Detailed guidance has been published and amendments will be made to the legislation, effective from 6 April 2024.
ICAEW technical updates: February 2024
- Article
- 28 Feb 2024
- ICAEW Insights
This month’s top stories include HMRC’s u-turns on double cab pickups, HMRC publishes more guidance on the pensions lifetime allowance, and the Finance Act 2024 receiving Royal Assent.
How to tax interest paid by public service pensions schemes
- Article
- 26 Feb 2024
- ICAEW
HMRC has provided guidance on the tax treatment of interest paid under the public service pensions remedy.
HMRC publishes more guidance on the pensions lifetime allowance
- Article
- 20 Feb 2024
- ICAEW
HMRC’s latest lifetime allowance guidance newsletter includes FAQs and more information on transitional tax-free amount certificates.
Tax news in brief 7 February 2024
- Article
- 06 Feb 2024
Highlights from the broader tax news for the week ending 7 February 2024, including: an update from HMRC on postmasters and self assessment; the transition to CDS for exports; and consultations on changes relevant to alcohol duty and legacy public service pension schemes.
HMRC publishes pension schemes newsletter
- Article
- 30 Jan 2024
HMRC has provided an update on the abolition of the lifetime allowance, as well as information on relief at source and pensions for retained firefighters.
ICAEW technical round-up: January 2024
- Article
- 30 Jan 2024
- ICAEW Insights
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
A turning point for UK pensions?
- Article
- 18 Jan 2024
- ICAEW Insights
Proposed reforms to the UK pensions landscape aim to create fewer, larger, well-run schemes to deliver better outcomes for savers. What options are available for FD scheme sponsors?
ICAEW briefs MPs on key clauses ahead of Finance Bill debates
- Article
- 09 Jan 2024
MPs are scheduled to start debating Finance Bill 2023-24 on 10 January. ICAEW has produced briefings on R&D, pensions, provision of additional data and promoters of tax avoidance.
Pensions lifetime allowance guidance newsletter
- Article
- 22 Dec 2023
- ICAEW
HMRC has released its December 2023 newsletter, which addresses several aspects connected to the abolition of the pensions lifetime allowance.
Exclusive
Challenging management’s experts – pension assets
- Article
- 17 Nov 2023
- Amelia Pickard
Amelia Pickard shares tips on challenging Level 3 asset valuations, with practical guidance on possible audit procedures.
Public service pensions remedy guidance published
- Article
- 10 Oct 2023
- ICAEW
HMRC has released a suite of guidance for dealing with public service pensions that are affected by the McCloud remedy, including a tool for calculating the adjustment and making a claim.
ICAEW responds to draft Finance Bill 2023-24 provisions
- Article
- 20 Sep 2023
- ICAEW
The Tax Faculty provided input on measures relating to the proposed merged R&D tax credit scheme, tougher measures for promoters of tax avoidance, changes to data HMRC collects from customers and abolishing the pensions lifetime allowance.
Jon Moulton on pensions and PE
- Article
- 11 Sep 2023
- Jon Moulton
Will recent pledges from pension funds to allocate cash to private equity achieve anything, asks Jon Moulton.
Exclusive
Auditing specialist areas
- Article
- 08 Sep 2023
- Peter Herbert and Rhodri Whitlock
Wondering whether to use experts on an audit? Peter Herbert and Rhodri Whitlock highlight some key considerations, using four example scenarios.
Will income tax be extended to beneficiaries of all pensions?
- Article
- 24 Jul 2023
- ICAEW
Policy documents regarding changes to the taxation of pensions were published as part of Legislation Day 2023. This included a suggestion that certain beneficiaries of pensions of members who died under age 75 may become subject to income tax as part of future tax changes.
Navigating pension options for gig economy workers
- Article
- 19 Jul 2023
- ICAEW Insights
Industry experts unravel the common challenges and potential for gig workers in pension planning. The first question is, how much should you save?
Finance (No.2) Act 2023 receives Royal Assent
- Article
- 18 Jul 2023
- ICAEW
Finance (No. 2) Act 2023 received Royal Assent on 11 July, bringing into law various tax measures with effect from that date. Full expensing, the abolition of the pension lifetime allowance charge, and many other measures come into force.
Home responsibilities protection may not be reflected in national insurance records
- Article
- 11 Jul 2023
- ICAEW
Some individuals may be missing home responsibilities protection (HRP) from their national insurance record, which could impact the amount of state pension that they are entitled to. The government is identifying affected individuals and will be writing to them with their recalculated state pension entitlement.
HMRC's tips to help protect taxpayers
- Article
- 04 Jul 2023
- ICAEW
HMRC has provided information about how taxpayers can help protect themselves when dealing with their tax affairs.
UK pensions superfund could halt pensions decline
- Article
- 26 Jun 2023
- ICAEW Insights
The UK’s first “superfund” proposes to undo years of capital market decline through the creation of large pension funds.
Are you affected by the new pension rules?
- Article
- 16 Jun 2023
- Evelyn Partners
10 changes you need to know about.
How green are your pension funds?
- Article
- 14 Jun 2023
- ICAEW Insights
For all businesses aiming to strengthen their sustainability credentials to make a serious impact on climate change, pensions are the new frontier.
More people are living longer: how much will it cost?
- Article
- 19 Apr 2023
- ICAEW Insights
The UK population is steadily becoming older. ICAEW examines the burden on the public purse at a time of worsening economic conditions.
Exclusive
Spring Budget 2023
- Article
- 14 Apr 2023
- David Missen & Mark Lumsdon-Taylor
The Spring Budget has given the profession plenty to think about. The following articles look at if from three different angles.
Tax news in brief 12 April 2023
- Article
- 11 Apr 2023
Highlights from the broader tax news for the week ending 12 April 2023, including: pension lump sums; HMRC’s Digital Disclosure Service; digital services tax; partnerships holding UK residential property; till system disclosures; and disguised remuneration instalment arrangements.
Guidance for pension protection post 6 April 2023
- Article
- 11 Apr 2023
- ICAEW
HMRC has published guidance regarding how to safeguard pension protection, following the pension changes announced at Spring Budget 2023. Care should be taken as the rules differ depending on the date the LTA protection application was received by HMRC.
The impact of supply chain rules
- Article
- 06 Apr 2023
- ICAEW
This five-person team found that indirect regulation stemming from client requirements proved more of a factor than statutory rules – with the notable exception of the workplace pension.
Tax news in brief 5 April 2023
- Article
- 04 Apr 2023
Highlights from the broader tax news for the week ending 5 April 2023, including: tax on state pension arrears; self assessment forms on gov.uk; and the 12-month look back for plastic packaging tax.
Exclusive
Tax thresholds in deep freeze
- Article
- 29 Mar 2023
- Mei Lim Cooper, Technical Manager, Personal Tax, ICAEW
Following the Spring Budget on 15 March, Mei Lim Cooper considers the effects of frozen tax thresholds. With some thresholds static until 2028, more taxpayers will find themselves paying a tax for the first time, or at higher rates.
Tax news in brief 29 March 2023
- Article
- 28 Mar 2023
Highlights from the broader tax news for the week ending 29 March 2023, including: VAT penalty notices; the removal of the lifetime allowance; making MDR reports; Welsh Freeports; LBTT relief for green freeports; and an LBTT webinar series.
Key measures in Spring Finance Bill 2023
- Article
- 23 Mar 2023
- ICAEW
The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.
Budget for growth: ICAEW's Tax Faculty assesses key tax measures
- Article
- 15 Mar 2023
- ICAEW
ICAEW’s Tax Faculty summarises the key tax announcements from the Chancellor’s Budget speech, including pension and capital allowance reforms.
Check your national insurance record before 5 April 2023
- Article
- 07 Feb 2023
- ICAEW
ICAEW urges those planning to claim the UK state pension to check their national insurance (NI) record before 5 April 2023. Currently, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April. The Tax Faculty has created a checklist of actions.
Displaying 1-40 of 97 results
Can't find what you're looking for?
The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.
Disclaimer
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.