Information on SEISS, the government's key support scheme for the self employed during the COVID-19 pandemic, including details of the application process.
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
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.
David Heaton provides a comprehensive guide to the major changes to the structure of employment arrangements affecting employment intermediaries that were introduced in 2014 and 2015. Read a summary here, Tax Faculty members can download the full guide.
Cross-border and home national insurance contribution issues
Features and articles
Anita Monteith considers how the government might bring forward tax payment dates to help plug the gaping hole in its finances, including Making Tax Digital for Income Tax Self Assessment.
Steve Wade explains why there are difficult decisions ahead on the route to a straightforward tax system.
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?
Anita Monteith shares her thoughts on HMRC’s approach.
28 October 2020: HMRC has introduced a workaround for those who have been unable to obtain a national insurance number and need to register a self-employment and obtain a Unique Taxpayer Reference (UTR).
17 August: ICAEW joined a recent ICAI webinar on the transition towards accruals accounting covering, amongst other things, lessons it can learn from the UK.
6 July: Businesses eligible for the first Self-employment Income Support (SEISS) grant must make their claim by Monday 13 July, ICAEW reminds members.
23 June: The collection of Class 2 national insurance contributions (NICs) will not be fixed soon after HMRC said costs and plans for IT systems were preventing a solution.
Webinars and recordings
In this webinar we are joined by the Office of Tax Simplification to discuss the OTS document which sets out the scope of a new project around simplifying the tax reporting and payment arrangements for the self-employed and landlords of private residential property.
Exploration of a number of recent key IR35 cases.
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.
A full chapter covering the cash basis system of accounting, including eligibility, rules for specific trades and professions and the way cash basis works.
A full chapter covering the tax principles and framework for deductions by unincorporated property businesses.
A full chapter providing a practical overview of the taxation of self-employment income in the UK.
An accessible guide to current VAT law, written for both professional advisers and non-professionals.
A chapter on the UK tax treatment of self-employment, containing worked examples throughout.
Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital will cause as many problems as it solves and would be a backwards step for affected businesses, warns ICAEW in its response to HMRC's consultation on aligning basis periods with the tax year. ICAEW has urged the government not to implement to proposals.
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.
Briefing submitted to MPs on 12 April 2021 on Finance (No.2) Bill 2019-21 published by government on 11 March 2021 on clause 30 and schedule 6 which relates to changes to the Construction Industry Scheme.
A response dated 27 August 2020 to a consultation published by HMRC on 19 March 2020.
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.
Employment status guidance for the entertainment industry. The guidance covers film and video workers, TV and radio workers, theatrical workers and musicians.
Comprehensive hub linking to government guidance on National Insurance including rates and categories, National Insurance for the self-employed, and UK National Insurance for those working outside the UK.
Guidance on the treatment of company expenses for self-employed taxation explaining different categories of allowable business expenses.
A list of software suppliers offering simple record keeping applications for cash basis and simplified expenses.
Official guidance for small businesses on who can use cash basis, how to record income and expenses, and information for VAT registered businesses.
HMRC internal manual providing guidance on eligibility, receipts, expenses, and transitional adjustments when entering or leaving the cash basis.
Current rates for Class 2 and Class 4 National Insurance Contributions.
Policy paper describing further measures to be implemented in Finance Bill 2017-18 to prevent the future use of disguised remuneration schemes and introduce new charges on disguised remuneration loans regarding self-employment taxation.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.