Displaying 1-10 of 187 results
HMRC asks companies and agents to check tax returns
- Article
- 03 Dec 2025
Letters are being sent where HMRC believes that the corporation tax liability declared by the company in its most recent company tax return is much lower than expected compared to similar companies.
Budget: Key changes impacting business taxation
- Article
- 26 Nov 2025
ICAEW’s Tax Faculty provides a summary of some of the changes affecting businesses announced at the Budget, including capital allowances and business rates as well as adjustments to penalty rates for late corporation tax filings and increasing the limits for venture capital reliefs.
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TAX FACULTY
The complicated world of loans to participators
- Article
- 20 Nov 2025
Stephen Relf explains the lessons to be learnt from recent decisions of the First-tier Tribunal, including where a loan to participator is transferred intra-group, a debt is left uncollected post liquidation and cash takings go missing.
New process for indirect exports from 15 December 2025
- Article
- 14 Nov 2025
From next month, businesses may need to change how they move goods through indirect exports from Northern Ireland. Guidance shared by HMRC explains why this is the case and sets out the options for traders.
Check claims for foreign tax credit relief, says HMRC
- Article
- 14 Nov 2025
HMRC is asking wealthy taxpayers to ensure they meet the criteria for foreign tax credit relief (FTCR), and to consider the terms of the relevant double tax agreement (DTA), before making a claim in their self assessment (SA) tax return for 2024/25.
HMRC contacts agents about directors’ loan accounts
- Article
- 10 Nov 2025
Agents are being asked to check if their clients’ company tax returns are correct where relief from tax has been claimed in the expectation that a loan made to a participator will be repaid.
UK continues to disappoint in tax competitiveness study
- Article
- 24 Oct 2025
The UK has ranked 32nd overall, and 37th on property taxes, out of the 38 OECD-member countries in the 2025 International Tax Competitiveness Index (ITCI).
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TAX FACULTY
Fixtures: the importance of working together
- Article
- 30 Sep 2025
Bryan Crawford explains why cooperation and planning are fundamental when dealing with fixture sales if both the buyer and the seller are to secure the desired tax result.
Taxpayers encouraged to ensure returns are correct and complete
- Article
- 08 Sep 2025
HMRC has published guidance setting out what it expects of taxpayers who are considering applying novel or improbable interpretations of the law, or are uncertain how the law applies when submitting a tax return or similar document.
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TAX FACULTY
Does your loan have an unallowable purpose?
- Article
- 04 Sep 2025
Richard Jones summarises recent developments in relation to the loan relationships unallowable purpose rule and considers what to look out for when analysing whether the rule applies.
Displaying 1-10 of 187 results
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