The highest December deficit on record has been driven by higher debt interest costs and the cost of energy support schemes.

There are currently two R&D tax relief schemes available to businesses. Changes to these will come into force from April 2023, and there are proposals to redesign and overhaul these in the longer term.

An eight-week consultation has been launched following the Autumn Statement announcement of a simplified, single RDEC-like scheme.

ICAEW’s Tax Faculty reflects on the tax recommendations contained in the government’s net zero review chaired by Chris Skidmore MP, the former energy minister.

There are currently two R&D tax relief schemes available to businesses. Changes to these will come into force from April 2023, and there are proposals to redesign and overhaul these in the longer term.

4 January 2021: HMRC has confirmed that the UK will no longer be applying DAC 6 in its entirety following conclusion of the Free Trade Agreement with the EU. Only arrangements that would have fallen within Category D of DAC 6 will now need to be reported, in line with the OECD’s mandatory disclosure rules.

ICAEW’s Tax Faculty explains why all ICAEW members need to be alert to their potential reporting obligations. Highlighting common misconceptions and answering frequently asked questions about the regime.

An introduction to DAC6 and the OECD Mandatory Disclosure Regimes in the context of UK reporting.

A1 certificates are issued by HMRC for employees and the self-employed working across borders as evidence that the worker does not need to pay social security contributions in another country.

Late payment notices will be suppressed, but not immediately.

Cross-border tax avoidance arrangement disclosure rules devised by the OECD (known as the mandatory disclosure rules, or MDR) will enter into force in the UK on 28 March 2023. Arrangements entered into on or after this date must be reported to HMRC under this regime.

Research by HMRC shows that more than half of agents have accessed clients’ online accounts, suggesting that agents’ needs are not being met. The findings tally with recent feedback to ICAEW’s Tax Faculty, but overall give a more positive impression than might have been expected.

With more and more people dipping their toe into the world of crypto, accountants increasingly need to become experts in crypto tax compliance and financial planning. Daniel Howitt looks at how.

The highest December deficit on record has been driven by higher debt interest costs and the cost of energy support schemes.

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.

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.

PCRT sets out the principles and standards of behaviour that all members, affiliates and students must follow in their tax work.

HMRC has sent letters to companies asking them to check whether the valuations they have used to determine annual tax on enveloped dwellings (ATED) liabilities since 2018 are correct.

ICAEW’s Tax Faculty reflects on the tax recommendations contained in the government’s net zero review chaired by Chris Skidmore MP, the former energy minister.

The annual release of tax relief statistics, published on 12 January 2023, shows a significant rise in the cost of some reliefs. However, overall, the percentage increase in cost between 2020/21 and 2021/22 was less than the increase in tax receipts over the same period.

Highlights from the broader tax news for the week ending 18 January 2023, including: Finance Act Royal Assent; Agent Maintainer Team; ATED revaluations; changes to HMRC statistics publications; and administration of Scottish income tax.

ICAEW’s Tax Faculty explains when to expect legislation for various measures announced at the Autumn Statement.

Our chart this week illustrates how tax cuts, higher interest charges and energy support packages contribute to the Institute for Fiscal Studies forecast of big increases in the fiscal deficit over the next few years.

The Welsh Government has announced changes to the main residential rates and bands of land transaction tax. The new rates and bands apply to transactions with an effective date on or after 10 October 2022.

HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.

ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.

This guide to help you through the HMRC complaits process.

With more and more people dipping their toe into the world of crypto, accountants increasingly need to become experts in crypto tax compliance and financial planning. Daniel Howitt looks at how.

Research by HMRC shows that more than half of agents have accessed clients’ online accounts, suggesting that agents’ needs are not being met. The findings tally with recent feedback to ICAEW’s Tax Faculty, but overall give a more positive impression than might have been expected.

Cross-border tax avoidance arrangement disclosure rules devised by the OECD (known as the mandatory disclosure rules, or MDR) will enter into force in the UK on 28 March 2023. Arrangements entered into on or after this date must be reported to HMRC under this regime.

Is hypothecation - assigning particular tax revenues to a specific public policy goal - a good thing? Read Ian Young's article presenting the facts and then decide.

In this issue of the Tax Faculty's monthly magazine: Lindsey Wicks provides a summary of the tax changes coming into force in April 2017; Anita Monteith continues her examination of taxation and the gig economy; and Robert Lilly crop explains how to appeal business rates increases as a result of the new property valuation list.

How can we more closely align income tax and NIC, and why is this important?

Take note of the latest disciplinary cases to ensure you or your firm are not making similar mistakes.

Highlights from the broader tax news for the week ending 11 January 2023, including: import VAT declaration issue; and form to make a till system disclosure.