Tax Faculty
Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.
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.
The Finance (No.3) Bill was published on Wednesday 7 November 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.
Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the 2018 Budget.
Two days after the 2018 Budget, Frank Haskew and Anita Monteith from the Tax Faculty, were joined by ICAEW's Public Sector Director Ross Campbell to discuss Philip Hammond's announcements.
ICAEW's Tax Faculty has responded to HM Treasury's invitation for comments ahead of the 2018 Budget. The response concludes that there should be no new policy initiatives on tax at this time. Attention should instead be given to enabling taxpayers easily to fulfil their obligations and to understand their entitlements. Coping with HMRC’s digital systems has been made more difficult by the number of policy changes.
TCO 5904 Appeal number TC/2011/0610
While an increase in the personal allowance and higher rate income tax threshold will be good news for London, together with a boost to house building in the east, there was no news on pollution, public transport and policing, writes Paul Gallagher, tax partner at EY.
Viresh Paul, North West London chair, harks back to the days when ‘rabbit out of the hat’ Budgets created more excitement than today’s dull events.
From the high street to Entrepreneurs Relief, ICAEW Head of Enterprise Nick Levine unpicks what the November Budget means for small businesses.
Frank Haskew, Head of the Tax Faculty, reports on recent developments at the Tax Faculty during September 2018.
The Scottish Parliament has a package of powers to set a number of taxes , and with the first devolved taxes for Wales to go live on Easter Sunday 1 April 2018 , the question arises about what is to happen in Northern Ireland?
Joanne Walker looks at the income tax aspects of the Scottish Budget for 2018/19, and what they mean for Scottish taxpayers, including the effect on tax rates and liabilities, interactions with the UK tax system and PAYE.
In TAXguide 17/18, Andrew Constable answers a selection of the key questions raised by viewers of the Tax Faculty webinar ‘partnership tax’’, broadcast on 8 November 2018.
The 2018 ICAEW Tax Faculty Conference was chaired by Mary Monfries and Frank Haskew, and had a line-up of well-known speakers: Rebecca Benneyworth, Sharon Cooke, Paul Aplin, Anita Monteith and Donna Dimmack.
Sarah Bradford, director at Writetax Ltd, explains the new rules regarding taxing termination payments applying from April 2018. She covers termination awards, post-employment notice pay and statutory redundancy pay among other things.
This guidance provides a summary of key tax rates, allowances and reliefs for 2017/18, 2018/19 and 2019/20.
The lack of international consensus on taxing the digital economy is creating a vacuum of uncertainty. Wendy Nicholls explains what is on the horizon and how you can deal with the implications.
Sue Moore summarises the issues for practitioners working at the coal face, including Making Tax Digital and cryptocurrencies.
Tax Faculty technical manager Ian Young reports on this year’s CFE Tax Advisers Europe annual meeting from September 2018 and picks up some current themes in international tax – including the global challenges, politics, Brexit and the CFE’s continuing role.
The introduction of Making Tax Digital for VAT has prompted discussion about the risk of penalties where introducing new processes breach of the regulations.
ICAEW provides support and resources for members overseas. Kirstin Gillon and David Lyford-Smith look at the key work of the IT Faculty abroad, including artificial intelligence, blockchain, cyber, data and fintech.
The latest practice radar event included updates on Making Tax Digital, cyber risk, GDPR, anti-money laundering and Brexit.
Agents and businesses that have understood the MTD for VAT requirements and are ready to join the pilots have to follow an online process to sign up. HMRC has provided a step by step guide which we reproduce here.
The AHDB (Agriculture Horticulture Development Board) has some very admirable goals
Sue Moore summarises the issues for practitioners working at the coal face, including Making Tax Digital and cryptocurrencies.
Sarah Bradford, director at Writetax Ltd, explains the new rules regarding taxing termination payments applying from April 2018. She covers termination awards, post-employment notice pay and statutory redundancy pay among other things.
PCRT sets out the principles and standards of behaviour that all members, affiliates and students must follow in their tax work. The latest version came into effect on 1 March 2017 and has now been republished in a new digital format designed to make it easier to navigate than the existing paper version.
ICAEW has developed guidance for practice firms on what to include in engagement letters. This page provides a series of sample wordings to help you draft your own engagement letters.
First broadcast 01 December 2016 - ICAEW deputy president Nick Parker, ICAEW Head of Tax Frank Haskew guide you through the changes to PCRT that came into effect on 1 March 2017.
From the high street to Entrepreneurs Relief, ICAEW Head of Enterprise Nick Levine unpicks what the November Budget means for small businesses.
A recent Tax Discussion Group meeting unpicked the impact on Entrepreneurs’ Relief of selling a business that rented premises owned by its shareholders.
The AHDB (Agriculture Horticulture Development Board) has some very admirable goals
Sue Moore summarises the issues for practitioners working at the coal face, including Making Tax Digital and cryptocurrencies.
ICAEW Tax Faculty provides analysis of the announcements relating to tax avoidance, evasion and compliance in the 2018 Budget.
ICAEW Tax Faculty provides analysis of the announcements relating to stamp taxes in the Budget 2018
Sue Moore, Tax Faculty technical manager with responsibility for private client matters, provides a progress report, explaining what practitioners need to know, on the new Trust Registration Service that was introduced in 2017
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
This guidance provides a summary of key tax rates, allowances and reliefs for 2017/18, 2018/19 and 2019/20.
Guidance from ICAEW's Tax Faculty for practitioners on the latest developments in policy, practice and legislation related to the administration of tax.
This guide to help you through the HMRC complaits process.
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.
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.
Anita Monteith of ICAEW’s Tax Faculty explains how to account for trades in the sharing economy, specifically how tax and national insurance work in the gig economy
Our guide is intended to help you understand how Brexit might impact on the UK’s existing VAT rules.
This webinar considers a variety of issues which may require SME businesses to take action in readiness for chnages in 2019.
FAQ on whether a client should notify HMRC when a business partner retires from a VAT-registered partnership.
ICAEW Tax Faculty provides analysis of the announcements relating to VAT in the 2018 Budget.