ICAEW.com works better with JavaScript enabled.

Business tax

Practical guidance, commentary and support on the taxation of businesses, including: capital allowances, corporation tax, the taxation of partnerships, the self-employed and charities.

Contents
Back to top
Briefcase outline
Men at desk with pencils

Practical points

Every month, the Tax Faculty publishes short, practical pieces of guidance to help agents and practitioners in their day-to-day work.
Read more

Off-payroll working and IR35

Access resources related to the off-payroll working regime, commonly known as "IR35", and the taxation of intermediaries in the UK business tax regime
Read more

Corporation tax

Exclusive Faculty news: September 2023
  • Helpsheets and support
  • 01 Sep 2023
Frank Haskew reports on the latest concerns about HMRC service standards and ongoing dialogue about Making Tax Digital, regulation of the tax profession and tax simplification.
Exclusive Getting it wrong: why off-payroll working offset is needed
  • Article
  • 01 Sep 2023
Lindsey Wicks explains the current inequalities when a client makes an incorrect status determination and what the government plans to do to redress the balance.
Exclusive Buying commercial property from non-taxpayers
  • Article
  • 01 Sep 2023
Bryan Crawford considers the capital allowances actions that advisers should be taking when advising non-taxpaying sellers or buyers of commercial property.
HMRC disclosure facility for non-resident landlords
  • Article
  • 16 Aug 2023
Letters are being sent during August to companies resident outside the UK that HMRC’s records show hold UK commercial property and have not registered for income tax or corporation tax in relation to these properties.
View all

Employment taxes

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.

Latest articles

August public sector finances: fourth-highest monthly deficit on record
  • Article
  • 21 Sep 2023
Deficit marginally better than had been expected according to the latest figures from the ONS, but costly public sector problems emerge.
Should you be paying national insurance while working abroad?
  • Article
  • 20 Sep 2023
HMRC has launched a new tool for people to check whether they should be paying national insurance contributions (NIC) while they are working abroad.
Opportunity to pause settlement of open off-payroll working compliance checks
  • Article
  • 20 Sep 2023
HMRC adopts a pragmatic approach of offering deemed employers the ability to pause settlement pending a potential change in legislation.
View all

National Insurance

August public sector finances: fourth-highest monthly deficit on record
  • Article
  • 21 Sep 2023
Deficit marginally better than had been expected according to the latest figures from the ONS, but costly public sector problems emerge.
Should you be paying national insurance while working abroad?
  • Article
  • 20 Sep 2023
HMRC has launched a new tool for people to check whether they should be paying national insurance contributions (NIC) while they are working abroad.
Exclusive Getting it wrong: why off-payroll working offset is needed
  • Article
  • 01 Sep 2023
Lindsey Wicks explains the current inequalities when a client makes an incorrect status determination and what the government plans to do to redress the balance.
View all

VAT

VAT exemptions for private schools and final CPD update
  • Podcast
  • 08 Sep 2023
In this ICAEW Insights episode, we discuss Labour’s proposals for removing VAT exemptions from private schools, as well as our final CPD update before the new regulations come into force.
Exclusive Would removing the VAT exemption for private schools make VAT simpler?
  • Article
  • 01 Sep 2023
Peter Hughes examines the Labour party’s plans to abolish the VAT exemption for private schools.
Tax news in brief 23 August 2023
  • Article
  • 23 Aug 2023
Highlights from the broader tax news for the two weeks ending 23 August 2023, including: P11D concession for insolvency practitioners; a gender equal tax system in Europe; VAT refunds for organisations not registered for VAT; new HMRC toolkit; and HMRC contact information.
View all

Business rates

UK Government consults on measures to tackle business rates avoidance and evasion
  • Article
  • 18 Jul 2023
The consultation focuses on proposed changes to prevent abuse of empty property relief and the “next in use” exemption involving charities and community amateur sports clubs (CASCs). It also asks for evidence relating to other rates avoidance and evasion behaviour including the existence of “rogue agents” that promote such behaviour.
Exclusive Changes to business rating – a new minefield
  • Article
  • 14 Jul 2023
It was announced in the Autumn Statement that the business rating eligibility of properties used as furnished holiday lets would change from 5 April 2023.
Are small retailers drowning in business rates?
  • Article
  • 10 Jul 2023
Retail was one of the industries hit hardest in recent years due to myriad changes, and they’re still struggling. Is regulation holding them back?
View all

Capital allowances

Exclusive Buying commercial property from non-taxpayers
  • Article
  • 01 Sep 2023
Bryan Crawford considers the capital allowances actions that advisers should be taking when advising non-taxpaying sellers or buyers of commercial property.
Exclusive Capital allowances and disposal of assets
  • Helpsheets and support
  • 07 Aug 2023
FAQ about the effect on capital allowances, when a business sold some plant and machinery at a higher price than originally paid.
Exclusive Self-employment
  • eBook chapter
  • 01 Aug 2023
A full chapter providing a practical overview of the taxation of self-employment income in the UK, including the temporary Covid-19 Self-employment Income Support Scheme (SEISS).
View all

Environmental taxes

How will the EU carbon border adjustment mechanism affect UK businesses?
  • Article
  • 20 Sep 2023
The EU's carbon border adjustment mechanism enters its transitional phase on 1 October 2023, meaning that UK businesses exporting to the EU must prepare for the changes.
Environmental taxes
  • Hub page
  • 31 Aug 2023
The government has a number of ways it can use the tax system to support the UK’s commitment to reduce its environmental impact. Some measures have been introduced, others are in development or under debate. Find out more about the latest ideas and initiatives.
Smarter strategy needed to cut business energy use
  • Article
  • 21 Aug 2023
The co-leader of a new Energy Demand Research Centre is calling for more certainty on climate policy and further regulation to nudge greater corporate focus on energy consumption reduction.
View all

Partnership taxation

Income tax
  • Hub page
  • 04 May 2023
Expert commentary and practical guidance from ICAEW related to income tax in the UK personal tax regime.
Changes for Limited Partnerships on the horizon
  • Article
  • 13 Dec 2022
The Economic Crime and Corporate Transparency Bill’s requirements for Limited Partnerships could affect many private fund managers. George Metcalfe, a partner at law firm Freeths, explains what the proposed changes mean in practice.
Exclusive Defining general, or ordinary, partnerships for tax
  • Article
  • 28 Sep 2022
Mark McLaughlin examines the challenges around determining the existence of a general partnership of individuals, including spouses and civil partners, and offers useful tips.
View all

Self-employed and tax

IPSAS vs IFRS - what is the most suitable accounting framework for the public sector?
  • Article
  • 05 Sep 2023
The adoption of accrual accounting by governments is gathering momentum. If a government were to adopt accrual accounting now, is the adoption of IPSAS the most sensible option?
Exclusive Cash accounting scheme
  • Helpsheets and support
  • 01 Sep 2023
FAQ about how to calculate turnover when a company is looking to leave the the cash accounting scheme.
Exclusive PAYE and NIC – Advisory group members share their experiences
  • Article
  • 19 Jul 2023
Two members of the Farming & Rural Business Community advisory group give their hints and tips gleaned from working with PAYE and NIC.
View all

Devolved taxes

Devolved taxes Support and guidance on taxation under the devolved governments of the UK.
Bloomsbury Accounting and Tax Service - eBooks on devolved taxes
  • Listing
  • 21 Apr 2021
Browse Bloomsbury Accounting and Tax Service eBooks on devolved taxes.

Customs duties

ICAEW comments on the future of customs declarations
  • Article
  • 12 Sep 2023
ICAEW welcomes the exercise to simplify customs declarations, but cautions against changes with unintended consequences.
ICAEW responds to consultation on a voluntary standard for customs intermediaries
  • Article
  • 30 Aug 2023
ICAEW is broadly supportive of a voluntary standard, but stressed that the interaction with current standards needs to be considered.
HMRC announces phased approach to CDS export migration
  • Article
  • 30 Aug 2023
Most businesses will now have until 30 March 2024 to migrate from the customs handling of import and export freight (CHIEF) system.
View all

International taxes

Expert commentary and practical guidance from ICAEW related to international taxation regimes. You may also be interested in searching our tax guides by country.
BEPS Expert commentary and practical guidance from ICAEW related to base erosion profit sharing, commonly known as BEPS, within international taxation.
DAC 6 and tax disclosure Practical guidance and support on tax disclosure around the world including, DAC 6 and the OECD’s mandatory disclosure regime.
Double tax agreements Expert commentary and practical guidance from ICAEW on issues related to double taxation and the use of tax treaties in international taxation
FATCA and CRS Guidance and information on the Foreign Account Tax Compliance Act (FATCA) and the Common Standard on Reporting and Due Diligence for Financial Account Information (CRS).
Transfer pricing Expert commentary and practical guidance from ICAEW related to transfer pricing in international taxation.
Residence and domicile Expert commentary and practical guidance from ICAEW related to residence and domicile in the UK personal tax regime, including offshore investments,
View all

Sector specific and situation specific taxes

Certain industries have their own tax arrangements, while major events, such as the coronavirus pandemic, can also give rise to their own solutions.

Charities and taxation

Expert commentary and practical guidance from ICAEW related to the taxation of charitable organisations within the UK.

View all
Construction Industry Scheme

Expert commentary and practical guidance from ICAEW on the construction industry scheme (CIS) and how it applies for businesses within the UK tax regime.

View all
Coronavirus and tax

Governments around the world announced tax measures to support businesses and individuals in response to the COVID-19 pandemic. The consequences of these actions continue to play out.

View all