ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
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
In light of upcoming changes to the off-payroll working regime, this guidance from the Tax Faculty outlines how to determine whether a private sector client using contractors through an intermediary is ‘small’.
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.
In TAXguide 04/17 - Offshore trust changes, Sue Moore, technical lead for private client tax matters in the Tax Faculty, provides information on the implications of changes to income tax legislation published on 26 January 2017. In particular the guide offers more details on transfer of assets and settlements legislation and has been created with input from HMRC.
Reforms to the Taxation of Non Domiciles - Meeting notes
Non-domiciliary announcements made at summer budget 2015
Company Directors - PAYE Real Time Information. A questions and answers guidance note.
Guidance on some of the practical points that ICAEW members have encountered on the application of entrepreneurs' relief. Part B of this guidance focuses on technical points, such as the definition of qualifying company and the disposal of settle assets, and has been agreed by HMRC.
Features and articles
Employees working from home due to the coronavirus pandemic can continue to claim tax-relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed.
The pandemic has presented governments with opportunities to reform their tax systems and introduce incentives to encourage investment and post-pandemic growth.
Highlights from the broader tax news week ending 31 March, which includes: HMRC repackaging its guidance on tax implications of cryptocurrencies and rate change for COVID statutory sick pay rebate scheme.
This month’s top technical stories on ICAEW Insights include updates on the government’s corporate governance reforms, Budget and Tax Day announcements and further news on COVID support schemes.
Our chart this week is in honour of Tax Day, the newest fiscal event in the government calendar where reforms of the tax system under consideration are opened up to consultation.
Highlights from the broader tax news week ending 24 March, which includes: new support on the tax treatment of paying employee transport costs due to COVID-19, an error in CWG5 and a reminder of self-assessment payment deadline.
ICAEW commends the government and HMRC for seeking to modernise the administrative framework underpinning the tax system, but will HMRC have the resources to do it properly and how radical might any changes be? ICAEW’s Tax Faculty explains the call for evidence and seeks the views of members.
HMRC is seeking views on bringing the payment of income tax and corporation tax closer to the point when the income arises. Any changes will be controversial but will not be made within this parliament. ICAEW’s Tax Faculty wants to hear from members.
Webinars and recordings
Applications for the fourth SEISS grant open in late April 2021.
HMRC is expecting to lay the Making Tax Digital for Income Tax Self Assessment Regulations before Parliament in February 2021. This will give effect to the April 2023 start date for MTD for ITSA, as well as confirming many of the requirements (some of the detail will be in tertiary legislation which will follow later).
Making Tax Digital for Income Tax Self Assessment will start in April 2023. In this webinar the Tax Faculty's Anita Monteith and Caroline Miskin discuss developments so far and the steps that agents and businesses should consider at this stage.
In this on-demand webinar Caroline Miskin, ICAEW Tax Faculty, navigates the significant changes to the Self-employment Income Support Scheme for the third grant.
The Covid-19 crisis has had a profound impact upon the way we work and tax is no exception. Tax authorities are leading in the way and we are seeing a ‘dash for a digital tax system’. This Symposium brings together five expert speakers who will each provide their own perspectives on what a good digital tax system and administration should look like.
This webinar from the Tax Faculty provides a round up of all the measures that are under review and subject to consultation, and how the faculty will be responding.
An overview of the new off-payroll working rules in the private sector from 5 April 2020
The first in our TAXbite series on off-payroll working, this episode gives a general overview of the rules.
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.
Detailed legal and best-practice information on UK income tax on earnings from employment and pensions, written for payroll managers.
Chapter containing advice on computations and the corporation tax self-assessment (CTSA) return, written for anyone who advises or runs a family or owner-managed company.
A full chapter on residence status rules and double taxation relief in relation to UK income tax.
A full chapter providing a practical overview of the taxation of savings and investments in the UK.
A full chapter on the taxation of property income in the UK, written for tax practitioners.
A full chapter on the taxation of charities in the UK in this title aimed at finance and business undergraduate students.
Textbook aimed at finance and business undergraduate students, providing readers with an understanding of the law relating to all areas of UK taxation.
A full chapter providing a practical overview of Scottish income tax.
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 firstname.lastname@example.org.
The Daily Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for 2019/20.
The main aim of this book is to describe the UK taxation system in sufficient depth and with sufficient clarity to meet the needs of those undertaking a first course of study in taxation.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for income tax gives a comparison of FRS 102 Section 29 and IFRS, and covers VAT and similar sales taxes, current tax, recognition and measurement of deferred tax, allocation of tax charge or credit, consolidated tax returns and offset of taxable profits and losses within groups, presentation, and disclosure.
A full chapter on the taxation of partnerships, including limited partnerships and LLPs. The key piece of legislation is the Income Tax (Trading and Other Income) Act 2005.
Covers chargeable gains for corporation tax purposes, with additional sections on dividends received, payments to charities, distributions, computation of tax liability, losses, groups, and the way corporation tax relates to income tax.
Outlines the tax exemptions for vouchers and credit tokens offered to employees under the Income Tax (Earnings and Pensions) Act 2003. Includes both income tax and class 1 national insurance contributions.
Explains how these assets are defined and valued under the Social Security (Contributions) Regulations 2001 and the Income Tax (Earnings and Pensions) Act 2003. This section is of particular relevance to payroll managers handling benefits in kind.
A long chapter on employment taxation in the UK. Covers NICs, income tax, and all the circumstances where a person may derive income or benefits from their employer.
A response dated 13 January 2021 to a consultation published by HMRC on 15 December 2020.
A response dated 9 November 2020 to a consultation published by OTS on 14 July 2020.
A response dated 30 September 2020 to a consultation published by IASB in December 2019.
A response dated 7 September 2020. ICAEW are pleased to provide evidence to the Treasury Select Committee on its call for evidence on Tax after Coronavirus.
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.
Gov.uk guidance on calculating the business profits of doctors and medical practitioners involved in a partnership.
HMRC self assessment helpsheet HS303, explaining the tax rules and treaty provisions for non resident entertainers and sportspersons.
<p>The latest videos from HMRC outlining the support for businesses such as the Coronavirus Job Retention Scheme, refunding eligible Statutory Sick Pay costs, furloughed employees and more. HMRC also runs live webinars covering the deferral of VAT and Income Tax payments, the small business grant scheme and Coronavirus Business Interruption Loan Scheme.</p>
Policy paper setting out HMRC's view on how individuals who have cryptoassets (or cryptocurrency) are taxed. It explains what cryptoassets are, which taxes apply with detailed discussion of income tax and capital gains tax, cryptoassets received as earnings, and record keeping.
An overview giving information and guidance on types of trusts, how trusts are treated for income tax, CGT and inheritance tax purposes, tax for trust beneficiaries, and the tax reponsibilities of trustees.
Guidance on taxable investments explaining how dividends are taxed, including the dividend allowances in each tax year and the tax rate on dividends over your allowance. It also provides guidance on the different rules for dividends before 6 April 2016.
Guidance aimed at taxpayers covering UK residence and tax, non-domiciled residents, paying tax on foreign income, exemptions, claiming tax relief, and tax for foreign students in the UK.
Official information on devolved taxes in Wales with links to further guidance on and rates for Landfill Disposals Tax, Land Transaction Tax, and income tax.
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.