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Income tax

Expert commentary and practical guidance from ICAEW related to income tax in the UK personal tax regime.

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Exclusive

MTD income tax self assessment

Making Tax Digital (MTD) for income tax is mandatory from April 2024. ICAEW's Tax Faculty outlines how it is likely to work and the progress of the pilot.
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TAXguide 09/18: simple assessment

In TAXguide 09/18 Caroline Miskin explains what a simple assessment is and how HMRC is using them to reduce the number of taxpayers from self assessment. Read a summary here, Tax Faculty members can download the full guide.
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TAXguide 04/18: Residence and domicile

In TAXguide 04/18 Lisa Spearman provides an introduction to the taxation issues which may be in point when considering the non UK aspects of a client’s affairs. Read a summary here, Tax Faculty members can download the full guide.
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TAXguide 01/23: Payroll rates, allowances and thresholds in 2023/24

PAYE rates, thresholds, allowances, etc for employers in 2023/24 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
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Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.

TAXguide 01/23: Payroll rates, allowances and thresholds in 2023/24
  • Technical release
  • 05 Apr 2023
PAYE rates, thresholds, allowances, etc for employers in 2023/24 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
TAXguide 01/22: Payroll rates, allowances and thresholds in 2022/23
  • Technical release
  • 02 Mar 2022
PAYE rates, thresholds, allowances, etc for employers in 2022/23 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK
TAXguide 20/21: Treatment of loans secured on foreign income or gains by remittance basis users
  • Technical release
  • 22 Dec 2021
This guide highlights a change in HMRC’s approach to the treatment of loans made to remittance basis users where assets of the borrower are held by the lender. This TAXguide has been prepared jointly with STEP and the Chartered Institute of Taxation.
Exclusive TAXguide 14/21 Income tax loss carry back
  • Technical release
  • 06 Aug 2021
Finance Act 2021 introduces a new loss relief allowing trading losses incurred in 2020/21 and 2021/22 to be carried back for relief against trading profits in the preceding three tax years. In this TAXguide Rebecca Benneyworth explains the measure in detail and examines some of the complexities that arise when considering the practical implications of the loss carry back.
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Features and articles

Self assessment criteria are changing
  • Article
  • 29 Nov 2023
A further change to the criteria for filing a self assessment tax return was announced in the Autumn Statement 2023. More changes are expected as new digital services are rolled out or improved.
ICAEW technical round-up: November 2023
  • Article
  • 27 Nov 2023
This month’s top stories include a raft of Autumn Statement measures; HMRC issues its guidelines for compliance on what qualifies as R&D for tax purposes; and tips for returns for deceased individuals and estates.
Public Accounts Committee report criticises MTD programme
  • Article
  • 24 Nov 2023
HMRC has lost sight of needing to put taxpayers at the heart of changes to the tax system, warns PAC.
Off-payroll working offset rules to be introduced from April 2024
  • Article
  • 22 Nov 2023
The Autumn Statement confirms a welcome new power to offset tax following a correction to an employment status determination.
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Webinars and recordings

Exclusive Tax in practice
  • Webinar
  • 26 Sep 2023
Find out the latest on HMRC's service performance and MTD for income tax self assessment, in the September edition of Tax in Practice. Experts from ICAEW's Tax Faculty also provide key reminders on deadlines and changes, as well as outlining the potential impacts of July's legislation day.
Exclusive Tax in Practice July 2023 webinar
  • Webinar
  • 11 Jul 2023
The third Tax in Practice webinar was held on 11 July 2023. This collaboration between the ICAEW Practice Team, Caroline Miskin from the ICAEW Tax Faculty, and guest speaker Rebecca Benneyworth FCA focused on current events and noteworthy developments in tax. You can find the webinar recording and resources shared during the live broadcast here.
Tax in Practice - July 2023
  • Webinar
  • 11 Jul 2023
Join the Small Practitioners Community, ICAEW Tax Faculty and guest speaker Rebecca Benneyworth as they talk about HMRC service levels, MTD ITSA, marriage allowance, and changes to HMRC services.
Exclusive Tax in Practice April 2023 webinar
  • Webinar
  • 26 Apr 2023
The second Tax in Practice webinar (formerly Tax Talk) was held on 26 April 2023. This collaboration between the ICAEW Practice Team, Caroline Miskin from the ICAEW Tax Faculty, and guest speaker Rebecca Benneyworth FCA focused on current events and noteworthy developments in tax. You can find the webinar recording and resources shared during the live broadcast here.
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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.

Exclusive Income tax and cessations
  • eBook chapter
  • 2023
  • Jackie Anderson, Mark McLaughlin
  • Incorporating and Disincorporating a Business
A full chapter providing detailed guidance on income tax and business cessations, covering the tax issues, planning points and pitfalls which may be encountered.
Exclusive Income tax 2023/24
  • eBook
  • 2023
  • John Hiddleston Azets
Annual guide covering the day-to-day issues most frequently encountered by tax practitioners, with worked examples and references to relevant legislation and case law. This new edition has been updated throughout for 2023/24 income tax rates and allowances introduced by Finance (No.2) Act and the Budget (Scotland) Act 2023.
Exclusive Tax planning for farm and land diversification (6th edition)
  • eBook
  • 2023
  • Julie Butler
  • Tax Planning for Farm and Land Diversification
Julie Butler explores the latest developments in the area of tax planning for farm and land diversification, including protecting the farm's assets, alternative land use, hobby and lifestyle farming, letting activity and divorce and farming.
Exclusive Scottish income tax
  • eBook chapter
  • 2023
  • John Hiddleston Azets
  • Income Tax
A full chapter providing a practical overview of Scottish income tax.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

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eBooks

The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive Individual income tax
  • eBook chapter
  • 2023
  • IBFD
A detailed section on Income Tax and Capital Gains Tax in the UK. Includes coverage of taxable persons, taxable income (including capital gains), deductions, allowances, exemptions, reliefs, credits, the treatment of losses, rates, and administration.
Exclusive The Telegraph Tax Guide 2023
  • eBook
  • 2023
  • Telegraph Media Group
Covers everything you need to know about completing a self-assessment tax return for the 2022/23 financial year.
Exclusive Interest payments and other outgoings
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter setting out the opportunities for claiming tax relief on interest paid on borrowings, and for making tax-efficient gifts to charity. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Savings and investment income
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter covering the tax treatment of various forms of savings and investment income, such as bank interest, share and unit trust dividends, rents, and income from trust funds. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Tax rates and allowances
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter detailing the income tax rates and allowances for the fiscal year 2022/23. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Residence and domicile
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter covering the concepts of residence and domicile, and their respective implications for an individual’s liability to Income Tax, Capital Gains Tax, and Inheritance Tax in the UK. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Working for yourself
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter covering various tax matters relevant to those who run their own business (other than through a company or in partner­ship). Includes a consideration of record-keeping, accounts, taxable business profits, business expenses, allowances and reliefs, losses, and more.
Exclusive State and private pensions
  • eBook chapter
  • 2023
  • Telegraph Media Group
A chapter covering the tax treatment of income from state and private pensions, and the payment of pension contributions. The author gives tax saving tips, and illustrates points with real-world examples.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on income tax. A selection of recent books covering this topic is set out below.
Discovery assessments: how to challenge them, 4th ed.
  • Library book
  • 2023
  • K. Gordon
  • Claritax
This book covers the various issues relating to discovery assessments, with a focus on how they apply to income tax and capital gains tax. It provides a clear and comprehensive guide to the rules concerning discovery assessments, and sets out practical advice as to how such assessments may be challenged.
Tolley's yellow tax handbook, 2023/24
  • Library book
  • 2023
  • A. Redston (ed.)
  • LexisNexis
Annual multi-volume work bringing together the fully amended and annotated text of all legislation and official material relating to income tax, capital gains tax, corporation tax, national insurance contributions, tax credits, petroleum revenue tax and inheritance tax. Includes footnotes indicating amendments to legislation, and cross-references to the HMRC Manuals.
Tolley's income tax, 2023-24
  • Library book
  • 2023
  • D. Smailes
  • Tolley
An annual book providing in-depth but straightforward coverage of statute law, regulations, case law and HMRC practice relating to income tax. It is arranged by subject, with various aspects of income tax law and practice being covered in turn. Worked examples are included to clarify complex points.
Tolley's tax guide, 2023-24
  • Library book
  • 2023
  • S. Maxwell, J. Houghton
  • LexisNexis
An annual single-volume guide to various aspects of taxation in the UK. Includes sections on employment, pensions, trading, family, trusts, estates and more. Points are illustrated with worked examples and clear tables.
Financial planning with trusts, 2023-24
  • Library book
  • 2023
  • J. Woolley, M. Banner
  • Claritax Books
This book demonstrates the effective use of trusts to meet financial and tax planning objectives, elucidating the implications, advantages and potential disadvantages of using particular types of trusts. Aimed at both tax practitioners and financial advisers, it covers CGT, income tax and IHT planning, and examines the special trust arrangements used in the financial services sector.
The taxation of small businesses, 2023-24
  • Library book
  • 2023
  • M. James
  • Spiramus
A practical, single-volume guide to all aspects of direct taxation of small businesses. The authors clearly explain the relevant legislation, and offer practical advice on how to minimise clients' tax liabilities and avoid common pitfalls. This latest edition incorporates changes arising from the Finance Act 2023. The special classes of taxpayers chapter covers some specialist areas, including: Construction Industry Scheme (CIS); farmers; actors, musicians and entertainers; barristers; breweries and licensed premises; doctors and dentists; solicitors; charities; housing associations.
Advising British expats: tax compliance and planning, 2023-24
  • Library book
  • 2023
  • J. Connolly
  • Claritax
This book provides in-depth coverage of residence, domicile, and double taxation matters, focusing on how UK taxes (such as income tax, CGT, NIC, IHT, etc.) impact expatriates. The 2023-24 edition includes a number of updates and additions, addressing topics such as pension transfers to overseas schemes, the new client income record, Making Tax Digital for Income Tax Self Assessment, and changes to the filing of CGT on UK property returns.
Income tax, 2023-24
  • Library book
  • 2023
  • J. Connolly, M. Saksida, K. Speight, L. Webb
  • Claritax
A single-volume guide to income tax in the UK, offering practical guidance pitched at an intermediate-to-high level. This new edition for 2023-24 includes updated information on the changing basis of taxation, Making Tax Digital, case law developments, special tax sites, pension changes, overseas matters, and more. The Library also holds the previous edition (catalogued separately).

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

Representations

ICAEW REP 107-23 Autumn Statement 2023
  • Representation
  • 16 Oct 2023
  • PDF (266kb)
A representation dated 13 October 2023 to a consultation published by HM Treasury ahead of the Autumn Statement taking place on 22 November 2023.
ICAEW REP 054-23 PAC inquiry - Progress with making tax digital
  • Representation
  • 22 Jun 2023
  • PDF (182kb)
A representation dated 7 June 2023 to a consultation published by the Public Accounts Committee on 16 May 2023.
ICAEW REP 053-23 Discussion document - Simplifying and modernising HMRC's income tax services through TAFR
  • Representation
  • 07 Jun 2023
  • PDF (667kb)
A representation dated 7 June 2023 to a discussion document published by HMRC on 15 March 2023.
ICAEW REP 050-23 Expanding the cash basis
  • Representation
  • 31 May 2023
  • PDF (250kb)
A representation dated 30 May 2023 to a consultation published by HMRC on 15 March 2023.

Useful links

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.

Self Assessment: detailed information on GOV.UK
  • Website
  • 27 Nov 2023
  • GOV.UK
Information, guidance and forms relating to various aspects of the Self Assessment system.
Income Tax: detailed information on GOV.UK
  • Website
  • 27 Nov 2023
  • GOV.UK
Information on allowances and reliefs, tax codes, employment, company benefits and share schemes.
Income tax explained
  • Website
  • 22 Nov 2023
  • Institute for Fiscal Studies
Information from the Institute for Fiscal Studies about income tax in the UK, covering: the kinds of income that are subject to income tax; rates, bands and allowances; the treatment of savings, investments and pensions; devolution; and administration.
Making Tax Digital for Income Tax hub
  • Website
  • 10 Feb 2020
  • HMRC
Collection of guides for agents and businesses on signing up and using MTD for income tax, including a list of compatible software available now.
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