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Business tax

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.

In this section

Business asset disposal relief (formerly entrepreneurs' relief)

Capital gains tax: partnership or company?

Mark McLaughlin looks at the distinction between partnerships and companies for business asset disposal relief (BADR) purposes in relation to pre-trading activities and capital gains tax, focusing on Wardle v Revenue and Customs.

Entrepreneurs’ relief

Rachael Dronfield provides an update on entrepreneurs’ relief for trust business assets in relation to the Quentin Skinner 2005 settlement.

Financial tips for GPs as they begin emerge from Covid-19 lockdown

All businesses will need to take lessons learned over the last few weeks into their future and our GP Practice clients, and Primary Care as a wider spectrum, will be no exception to this. So, what can we advise them to help the thought process on the financial aspects?

Growth Plan 2022: investment zones

The government announced that it will introduce investment zones across the UK as part of its plan for growth. Investment zones will benefit from tax incentives, planning liberalisation and wider support for the local economy.

Gift Aid, loans and loan waivers

HMRC now allows charities to claim gift aid on waived loans if specific conditions are met and the donation is gift aid eligible. Find out how to get it right and structure the gift to maximise the benefit to donor and charity.

Are there reasons for charity accountants to feel positive about tax?

Are you a glass half full or a glass half empty person? I imagine that many of us who are chartered accountants would have to say that our training encourages us to be more ‘half glass empty’ than ‘half glass full’! The Chancellors’ Spring Statement may have given us a perfect opportunity to test that out for ourselves.

Spring Statement 2022

23 March 2022: Read the Charity Tax Group’s analysis of impact of the Chancellor’s Spring Statement on charities.

Taxing mountain climb will help change lives

Tax charities TaxAid and TaxHelp for Older People give free life-changing assistance to people in crisis with tax problems. Tina Riches invites you to join a group of tax professionals next year on a climb of Mt Kilimanjaro, Africa's highest peak, to raise sponsorship in a campaign to fund the two charities.

Construction Industry Scheme

FAQ on whether CIS deductions be applicable on boiler installation work, carried out by a sub-contractor for a plumbing company.

Construction Industry Partnerships

Concise chapter providing guidance on partnership taxation for businesses in the construction industry, which are subject to the Construction Industry Scheme ('CIS').

Employment status

A chapter discussing the ways in which employment status may have to be considered by a business when it incorporates.

The Construction Industry Scheme

Practical guidance on how the Construction Industry Scheme (CIS) applies to businesses within the UK tax regime.

Draft Finance Bill 2022-23: personal tax measures

Government announcements on legislation day include possible changes to the capital gains tax rules on separation and a significant consultation on improving the data HMRC collects from taxpayers. ICAEW’s Tax Faculty summarises the planned measures likely to affect individuals.

made.simplr

made.simplr is a pioneer of cloud-based R&D Tax Credit management software that connects to your accounting software to produce HMRC compliant R&D reports.

COVID-19 and the future of tax

How will the Exchequer cover the costs of the economic support and stimulus packages caused by the pandemic? A reduction in defence spend, changes to business rates, corporation, capital gains and inheritance taxes; a wealth tax?