ICAEW.com works better with JavaScript enabled.

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 advice as lockdown eases

Angela Clegg of the Tax Faculty provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown. She covers cash flow, employment issues, working from home and tax governance, among other things.

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.
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

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

How to finance your business

Whether your client is just starting out in their business venture, looking to reboot their existing business or planning to diversify, it’s likely they will need to raise funds. This short guide will help you introduce them to some of the options available.

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

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