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Tax

The Tax area has information and guidance on technical and practical tax matters. There are links to events, the latest tax news and the Tax Faculty’s publications, including helpsheets, webinars and Tax representations.

In this section

ICAEW technical round-up: September 2022

This month’s top technical stories include a raft of tax announcements from the mini-Budget, government corrects previous statements on the amount employers can reimburse for business travel, and ICAEW’s response to consultation on repayment agents.

Practical guidance, commentary and support on the taxation of business, including: capital allowances, entrepreneurs relief and corporation tax, as well as the taxation of partnerships, the self-employed and charities. 

DAC 6: EU tax disclosure

Support and guidance on taxation under the devolved governments of the UK; Northern Ireland, Scotland and Wales
Practical guidance, commentary and support on employment taxation, including: benefits and expenses, company car tax, national insurance, PAYE and real-time information, and the taxation of intermediaries.

ICAEW technical round-up: September 2022

This month’s top technical stories include a raft of tax announcements from the mini-Budget, government corrects previous statements on the amount employers can reimburse for business travel, and ICAEW’s response to consultation on repayment agents.

Expert commentary and practical guidance from ICAEW related to international taxation regimes.

Making tax digital

MTDtalk 2022

In this series of webinars the ICAEW Tax Faculty (Anita Monteith and Caroline Miskin) and guests will provide the latest information and guidance on MTD ITSA, covering topics such as choosing software, the progress of HMRC’s pilot, the practicalities of signing up and answer questions from businesses and practitioners.

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts

ICAEW technical round-up: September 2022

This month’s top technical stories include a raft of tax announcements from the mini-Budget, government corrects previous statements on the amount employers can reimburse for business travel, and ICAEW’s response to consultation on repayment agents.

Professional standards

Trust Registration Service extension narrowed

28 July: Fewer trusts will be within the scope of the expansion of the Trust Registration Service (TRS) than originally proposed, but the 30-day deadline for new trust registrations and rules granting third-party access to data remain unchanged.

CCAB anti-money laundering guidance

In March 2018, CCAB (The Consultative Committee of Accounting Bodies) published Anti-Money Laundering Guidance for the Accountancy Sector. It is aimed at all entities providing audit, accountancy, tax advisory, insolvency or related services such as trust and company services, by way of business.

Engagement letters helpsheet

Technical helpsheet providing sample wordings to help you draft engagement letters for a variety of typical engagements for both corporate and non-corporate clients. Includes full text and supplementary schedules.

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. 

Taxation of housing

Lindsey Wicks summarises a study and recommendations from the Organisation for Economic Co-operation and Development, including lowering transaction taxes, capping main residence exemption and mortgage interest relief, and reassessing rental income

Expert commentary and practical guidance from ICAEW related to stamp duty land tax in the UK regime. 

Affect of second property on SDLT

FAQ on whether a client who is currently in the middle of selling their main home and purchasing their new home, will be affected by an additional SDLT percentage, as they also own an additional residential property which they rent out to tenants.

Support for agents on the day-to-day practicalities of tax administration with support on HMRC contacts, filing tax returns and making complaints.
Expert commentary and practical guidance from ICAEW related to tax compliance, as defined by HMRC. Support on appeals and investigations, avoidance, evasion and penalties.

Taxation of housing

Lindsey Wicks summarises a study and recommendations from the Organisation for Economic Co-operation and Development, including lowering transaction taxes, capping main residence exemption and mortgage interest relief, and reassessing rental income

MTDtalk 2022

In this series of webinars the ICAEW Tax Faculty (Anita Monteith and Caroline Miskin) and guests will provide the latest information and guidance on MTD ITSA, covering topics such as choosing software, the progress of HMRC’s pilot, the practicalities of signing up and answer questions from businesses and practitioners.

ICAEW works to support tax reform

TAXguide 21/17: The tax implications of Brexit

Although many of the implications of Brexit are currently unknown, VAT and customs duties are likely to be affected. This guide outlines the potential tax consequences. This guide was updated following the publication on 23 August 2018 of guidance from HMRC as to what will happen if there is no Brexit deal.

Expert commentary and practical guidance from ICAEW related to VAT under the UK tax regime. 

Tax news in brief 7 September 2022

Highlights from the broader tax news for the week ending 7 September 2022, including: reopening of museum and galleries VAT refund scheme; claiming refunds for interest on customs debts; faster corporation tax repayments; and PIN activation letters.