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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?

Capital allowances

Chapter containing practical advice on capital allowances in relation to incorporating a business.

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.

Campaign for a Gift Aid Emergency Relief Package

A coalition of leading voices in the UK charity sector is calling on the Government to temporarily increase the level of Gift Aid that can be claimed on donations to support charities through the difficult times ahead.

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.

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').

Construction Reverse Charge

FAQ on how the new domestic reverse charge (DRC) VAT rules (which came into force on 1 March 2021) apply within the Flat Rate Scheme.

TAXline

Get the latest analysis from experts on a range of tax issues, including VAT, inheritance tax and Making Tax Digital, as well as practical tips for practitioners, important deadlines and dates and the latest news from the faculty.

TAXline

Get the latest analysis from experts on a range of tax issues, including VAT, inheritance tax and Making Tax Digital, as well as practical tips for practitioners, important deadlines and dates and the latest news from the faculty.

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.

ICAEW technical round-up: June 2022

This month’s top technical stories include a decrease in the UK’s estimated tax gap, delay to implementation of the global minimum tax rate and HMRC clarification on R&D tax credit compliance checks.