ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
Tax is a fast-moving and ever-changing world. Our expert staff and volunteers, and consultation work with government, means we can bring you the latest developments and expert opinions. Join today to access our resources and keep on top tax form.
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.
Features and articles
HMRC is delivering a number of improvements to its digital services. ICAEW’s Tax Faculty summarises what is changing.
Paul Vohmann and Richard Jones set out ideas for incentivising capital investment.
Changes confirmed and announced on 20 July include those to the R&D tax relief rules.
Some uncertainty has arisen over the nature of accounts that need to be submitted with tax returns for non-UK resident companies with UK rental profits. HMRC has now updated its guidance to make the position clear.
Corporate Tax Manager Randeep Dhaliwal discusses a case and HMRC’s R&D manual update in relation to tax relief claims for client-subsidised expenditure.
Richard Jones, Business Tax Manager of the ICAEW Tax Faculty, provides a high-level explanation of the proposed rules.
The Government announces income tax, corporation tax and national insurance contributions exemptions alongside reliefs from the annual tax on enveloped dwellings and the 15% stamp duty land tax rate.
As HMRC finalises its guidance on notification of uncertain tax treatments, Business Tax Faculty Manager Richard Jones highlights the most significant points.
Webinars and recordings
Are you prepared for the future of patent box relief? Find out about the changes for claims made from 1 July 2021.
This webinar from the Tax Faculty will cover various measures included in this year’s Finance Bill relating to SMEs and owner-managed businesses.
This webinar from the Tax Faculty explores the call for evidence on earlier payment of income and corporation taxes.
Join BDO’s James Egert, Karen Riley, Steven Levine and Carrie Rutland as they take a high-level overview of the key risks that companies face in making disclosures, submitting accurate returns and applying the law correctly.
In this webinar ICAEW Tax Faculty explain HMRC's plans to roll out Making Tax Digital to corporation tax.
On 12 November 2020, HMRC published the long-awaited consultation on Making Tax Digital for corporation tax (CT), confirming it's plans to extend MTD to companies. In this webinar ICAEW Tax Faculty explain HMRC's plans to roll out MTD for CT.
An introduction to the corporation tax payment dates for large companies.
This webinar was broadcast on 23 May 2013 and was a repeat of the ICAEW's popular Audit and Assurance Faculty's London evening lecture on the audit of related parties in charities and owner managed companies.
Bloomsbury Core Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.
Comprehensive practical guide on the full range of UK taxes, containing worked examples throughout.
Expert commentary on the current UK corporation tax legislation on capital allowances for plant and machinery.
A chapter on corporate tax reliefs for intellectual property, highlighting tax planning opportunities and potential pitfalls.
Annual guide examining the rules, regulations and tax issues affecting companies in the UK.
Practical guidance on creative sector tax reliefs for film, TV, video games, theatre, orchestra, museums and galleries.
Advice on making a business acquisition, written for anyone who advises or runs a family or owner-managed company.
Chapter containing tax planning advice on extracting funds, written for anyone who advises or runs a family or owner-managed company.
The Tracker provides plain English guidance on the operation of MTD, with sections covering VAT, income tax, corporation tax and tax agents in relation to MTD.
The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact firstname.lastname@example.org.
The main aim of this book is to describe the UK taxation system in sufficient depth and with sufficient clarity to meet the needs of those undertaking a first course of study in taxation.
Outlines the provisions which exempt UK dividends from taxation under the Corporation Tax Act 2009.
Covers chargeable gains for corporation tax purposes, with additional sections on dividends received, payments to charities, distributions, computation of tax liability, losses, groups, and the way corporation tax relates to income tax.
An overview of loan relationships and corporation tax, with sections on the definition of these relationships, the scope of the rules, accounting for loan relationships and the basis of taxation.
Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance, first-year tax credits and capital allowances for plant and machinery.
Summarises how corporation tax should be calculated in a given tax year, with notes on the current rates and a simple example.
The chargeable accounting period (CAP) for corporation tax usually coincides with a company's accounting period. This section outlines the alternatives available and how income is allocated within periods for tax purposes.
Lists the kinds of companies and organisations subject to corporation tax and where they must be resident for UK tax law to apply. This section briefly summarises the arguments and precedents concerning residence for tax purposes.
ICAEW’s Business Law and Tax Faculties respond to BEIS and HMRC proposals to introduce a facility for companies incorporated overseas to transfer their place of registration to the UK.
Draft legislation and guidance implementing the government’s plans for large businesses to report uncertain tax positions will introduce additional complexity and not provide the clarity taxpayers need, ICAEW warns in its response to HMRC's consultation.
In responding to HMRC's call for evidence on timely payment, ICAEW argues that earlier payment of income and corporation tax should not be considered until the economy has recovered and that earlier payment should not be based on in-year estimates without HMRC first demonstrating that they can be a reliable basis for earlier payment.
In responding to HMRC's consultation on the Tax Administration Framework Review ICAEW argues that the starting point of such tax reform should be significant simplification of the underlying tax rules and that HMRC needs to be given the resources and funding to give it the capacity to take on such a major piece of work.
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
<p>Annually updated guides summarising the tax system, key tax issues, and legal matters in over 150 jurisdictions around the world. The main titles in this series: <a href="https://www.ey.com/en_gl/tax-guides/worldwide-corporate-tax-guide">Worldwide Corporate Tax Guide</a>, <a href="https://www.ey.com/en_gl/tax-guides/worldwide-personal-tax-and-immigration-guide">Worldwide Personal Tax and Immigration Guide</a>, <a href="https://www.ey.com/en_gl/tax-guides/worldwide-vat-gst-and-sales-tax-guide">Worldwide VAT, GST and Sales Tax Guide</a>.</p>
<p>Annual guide for accountancy professionals and businesses on corporate tax rates, incentives for overseas businesses, double tax treaties, and taxation of foreign source income. Coverage of 148 jurisdictions.</p>
HMRC consultation on how MTD could be implemented for corporation tax. The consultation period closed on 5 March 2021.
Paper setting out the government's view on the challenges posed by the digital economy for the corporate tax system, the international tax framework and its proposed approach. The Spring Statement 2018 update reflects feedback from stakeholders since the original consultation closed in January 2018.
HMRC internal manuals providing guidance on corporation tax relating to a wide range of business sectors and reliefs.
Official guidance on corporation tax for limited companies, including preparing accounts, working out corporation tax, reliefs available, filing returns, payments and refunds.
Tax guide to research and development incentive regimes around the world, showing the available benefits, eligibility, the application process and IP jurisdictional requirements in 44 countries.
HMRC guidance on how to qualify and claim for corporation tax creative industry reliefs.
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