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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. 

Tax Round-up 2020

This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.

DAC 6: EU tax disclosure

Support and guidance on taxation under the devolved governments of the UK; Northern Ireland, Scotland and Wales

Devolved taxes

In this webinar Charlotte Barbour, director of taxation, ICAS, and Frank Haskew, Head of Tax, ICAEW provide an overview of the devolved tax powers, and pointers to areas where care needs to be taken when advising clients across the UK.

Issues for Scottish taxpayers in 2019/20

Joanne Walker looks at the Scottish income tax system for 2019/20 and the implications for Scottish taxpayers. She covers, among other things, tax relief for residential landlords, pension contributions, the marriage allowance, Gift Aid donations and PAYE.

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.

Tax Round-up 2020

This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.

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

Finance Bill 2020 – Report stage amendments

29 June: The government has tabled a further series of amendments to the Finance Bill 2020 ahead of its report stage this week. ICAEW’s Tax Faculty provides a summary of the changes and urges further amendments to the clause modifying the statutory residence test in light of COVID-19.

Making tax digital

Tax Round-up 2020

This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.

Making Tax Digital for Income Tax and VAT

Making Tax Digital (MTD) was first talked about almost five years ago now by HMRC as they believe avoidable mistakes by the taxpayer is costing the Exchequer billions each year. In fact, they have estimated this figure at £8.5 billion in the 2018/19 tax year alone.

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

OTS Capital Gains Tax review

In this webinar we will be joined by the Office of Tax Simplification to discuss the OTS review of CGT that covers aspects of the taxation of chargeable gains.

Tax Round-up 2020

This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.

Professional standards

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. 
Expert commentary and practical guidance from ICAEW related to stamp duty land tax in the UK regime. 
Expert commentary and practical guidance from ICAEW related to the administration of the UK tax regime, covering agents work with HMRC and tax returns, as well as the compliance issues, including appeals and investigations, avoidance, evasion, money laundering and penalties.

HMRC toolkits

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

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 Round-up 2020

This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.

Changes to retail exports and duty-free shopping

17 September 2021: Duty-free shops will return from 1 January 2021, but international visitors to Great Britain will no longer be able to buy and take with them tax-free purchases from other retailers in the country as the VAT retail export scheme is scrapped.