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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

UK Budgets 2020

In the light of the coronavirus pandemic and Brexit there will be two Budgets in 2020 and further significant announcements related to the UK’s fiscal policy. Here we have collated ICAEW’s recommendations to the Chancellor and our experts' reactions to announcements.

Finance Act 2019

The Finance Act 2019 received Royal Assent on 12 February 2019. It was originally introduced to Parliament as Finance (No.3) Bill 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

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. 

MTD for corporation tax in HMRC's sights from 2026

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

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.

Off-payroll working

In this webinar we unpick the finalised legislation in FA 2020, and HMRC’s latest guidance.

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

Making tax digital

MTD for corporation tax in HMRC's sights from 2026

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

Wyman Symposium 2020 - Exploring the digital agenda

The Covid-19 crisis has had a profound impact upon the way we work and tax is no exception. Tax authorities are leading in the way and we are seeing a ‘dash for a digital tax system’. This Symposium brings together five expert speakers who will each provide their own perspectives on what a good digital tax system and administration should look like.

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

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. 

No need to overhaul CGT, says ICAEW

11 November: While targeted measures could provide greater clarity and improve the administration of capital gains tax (CGT), the current regime is fit for purpose, ICAEW tells Office of Tax Simplification (OTS).

Expert commentary and practical guidance from ICAEW related to stamp duty land tax in the UK regime. 
Support for agents on the day-to-day practicalities of tax administration with support on HMRC contacts, filing tax returns and making complaints.

HMRC toolkits

Learn about the HMRC toolkits that provide guidance on areas of error frequently seen in tax returns.

Expert commentary and practical guidance from ICAEW related to tax compliance, as defined by HMRC. Support on appeals and investigations, avoidance, evasion and penalties.

MTD for corporation tax in HMRC's sights from 2026

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

ICAEW works to support tax reform

Reforming property taxes for business – what are the options?

Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.

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

Tax news in brief

17 November: Highlights from the broader tax news this week includes: confirmation from the Scottish Government and Welsh Assembly of their planned Budgets, HMRC clarifying VAT liability of school holiday clubs and acceptance of digital signatures for CGT hold-over relief.

Are supplies VAT-exempt for a practitioner of alternative therapies

FAQ on whether a medically-trained therapist, providing services such as meditation techniques to improve clients' mental health, can claim a VAT exemption for supplies under the health exemption, even though they are not a member of any health professional body.