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.
National Insurance contributions: Agreed note of cross-border and home national insurance contribution issues raised in 2012 and 2013 with HM Revenue & Customs by the Tax Faculty of the Institute of Chartered Accountants in England & Wales, with HMRC’s responses published in October 2013.
Features and articles
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?
Two members of the Farming & Rural Business Community advisory group give their hints and tips gleaned from working with PAYE and NIC.
ICAEW’s Tax Faculty considers the proposed construction industry scheme (CIS) gross payment status (GPS) VAT compliance test is unlikely to deter organised criminal groups and should be dropped.
ICAEW’s Tax Faculty supports the extension of the cash basis, but warns that reliance on it could jeopardise the accuracy of accounting records kept by businesses.
ICAEW’s Tax Faculty highlights current issues and reminders for agents including: payments by card reader, voluntary class 2 NIC on 2020/21 tax returns and a new advance assurance online service.
Voluntary class 2 national insurance contributions are unaffected by the Spring Statement changes, but don’t forget that class 4 losses might need recording separately.
National insurance contributions thresholds will rise for employees and the self-employed, together with the employment allowance for small employers. Class 2 NIC will include a zero-rate band.
How will the Exchequer cover the costs of the economic support and stimulus packages caused by the pandemic? A reduction in defence spend, changes to business rates, corporation, capital gains and inheritance taxes; a wealth tax?
Webinars and recordings
Bloomsbury 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 Accounting and Tax Service.
An accessible guide to current VAT law, written for both professional advisers and non-professionals. The content is updated in line with changes to legislation, new and revised guidance from HMRC on issues such as MTD, and relevant case decisions.
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).
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 chapter on the UK tax treatment of self-employment, containing worked examples throughout.
A representation dated 10 July 2023 to a consultation published by HMRC on 27 April 2023.
A representation dated 30 May 2023 to a consultation published by HMRC on 15 March 2023.
ICAEW’s response to HMRC’s call for evidence on Income Tax Self Assessment Registration for the Self-employed and Landlords. ICAEW does not support the suggestions for basing the notification requirement on the date an income source starts or a threshold is exceeded or reducing the period after the end of the tax year allowed for notification.
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.
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.