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.
This guidance provides a summary of key tax rates, allowances and reliefs for 2017/18, 2018/19 and 2019/20.
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ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.
In TAXguide 01/18 Howard Royse provides an overview of the construction industry and explains the verification process and what gross payment status means. Read a summary here, Tax Faculty members can download the full guide.
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
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).
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.
22 June: HMRC is writing to one million tax credit claimants whose renewal packs omitted some information, as ICAEW urges self-employed claimants to check whether they need to contact HMRC by 31 July.
18 May: Following the launch of the Self-employment Income Support Scheme (SEISS) the Tax Faculty provides guidance on how taxpayers and their agents can request a review of grant entitlement.
May 14: A sharp reminder has been circulated by HMRC asking agents not to use client Government Gateway credentials to claim the SEISS grant on their behalf.
13 May: The Self-employment Income Support Scheme (SEISS) has opened for claims with payments expected by 25 May. Initial reports to ICAEW’s Tax Faculty indicate that the process is straightforward.
11 May: Before the Self-employment Income Support Scheme (SEISS) portal opens for applications, the Tax Faculty provides some updates and reminders covering: the eligibility checker, reviewing grants and HMRC support options.
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.
This webinar aired on 13 February 2018, just before Scotland's major shake-up of income tax. In it payroll consultant Kate Upcraft and ICAEW’s Peter Bickley explore what this means for agents and taxpayers, and look at a myriad of other changes in the payroll arena as we approach the start of the new tax year.
Bloomsbury Core Accounting and Tax Service
Eligible firms and business members 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 for firms and for business members.
A full chapter providing a practical overview of the taxation of self-employment income in the UK.
A chapter on the UK tax treatment of self-employment, containing worked examples throughout.
A response dated 27 August 2020 to a consultation published by HMRC on 19 March 2020.
Modern working practices and off payroll working
Shifting Sands-UK tax policy and the tax base
The abolition of Class 2 National Insurance: Introducing a benefit test into Class 4 National Insurance for the self-employed
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.
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.
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.
Guidance to help clients understand how their liabilities will be calculated if they’ve used a disguised remuneration scheme and want to settle their affairs before April 2019. The guide discusses considerations for employed and self-employed contractors, employers and employees.
Guidance providing an update on changes made to legislative proposals, including those relating to self-employed disguised remuneration schemes, since the original technical note was published alongside the draft Finance Bill 2017.
Policy paper giving an overview of measures applying to self-employment taxation that will prevent future use of disguised remuneration avoidance schemes and details of the proposed revisions.
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