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Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.

In this section

MTD for ITSA - back to basics and myth busting

This webinar from the Tax Faculty will cover the regulations in detail and explain where we are with the development of the policy and the pilot and what taxpayers and agents can do to prepare.

The benefits of professional collaboration

Coming soon: This inheritance tax and estate planning guide aims to raise awareness of the opportunities for chartered accountants to work more collaboratively with regulated financial advisers and other personal financial planning professionals.

Tax news in brief

Highlights from the broader tax news week ending 26 October, which includes: new legislation for the health and social care levy and simplifying inheritance tax rules. A deadline reminder for final CJRS claims, more agent webinars from HMRC and confirmation that HGV drivers on temporary visas are not entitled to tax relief on accommodation.

Pension scheme strategies

Advice on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company.

TAXguide 08/21: COVID-19 Displaced expatriate employees

Text of representations and questions sent on 28.8.20 to the Financial Secretary to the Treasury and HM Revenue & Customs by ICAEW Tax Faculty and replies dated 10.9.20 from the FST, 22.1.21 from HMRC on tax and 16.3.21 on social security contributions. Replaces TAXguide 06/21.

Trust Registration Service opens to all non-taxable trusts

HMRC has opened the Trust Registration Service to all non-taxable trusts. The deadline for registering these trusts has been extended to 1 September 2022. ICAEW’s Tax Faculty can confirm that trusts relating to healthcare policies and children’s bank accounts will not be required to register.

No change to TRS agent authorisation process

HMRC has confirmed that a planned change to simplify the authorisation of agents by trustees has not gone ahead due to security concerns. HMRC has told ICAEW that the Trust Registration Service process will remain unchanged.