This TAXguide has been prepared by committee members of STEP, ICAEW, the CIOT and the Law Society to highlight practical issues and uncertainties raised by Finance Act 2018 Schedule 10 (Settlements: Anti-avoidance, etc.).

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

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.

Technical experts from across ICAEW will be publishing a range of resources and insights in the coming weeks to help members understand the implications of the Spending Review and the Autumn Budget on 27 October. Find out more.

Tax agents can still register clients for self assessment using the online SA1 form despite HMRC having moved it behind the government gateway. ICAEW’s Tax Faculty explains what has changed.

Clive Fathers, tax partner at Mazars, uses tax data collected in the ICAEW Tax Race over the last 50 years to foreshadow a more digital and sustainable tax landscape.

Writing to the Financial Secretary to the Treasury, ICAEW’s Tax Faculty has called for the Autumn Budget to accelerate work to build a modern tax system. While urging a “manageable pace” of transition, it cautions against implementing tax changes without consultation, such as the new Health and Social Care Levy.

Anita Monteith considers how the government might bring forward tax payment dates to help plug the gaping hole in its finances, including Making Tax Digital for Income Tax Self Assessment.

The furlough and self-employed support schemes come to an end today, as does the VAT reduction for hospitality and tourism to 5%, which is increased to 12.5% tomorrow. ICAEW has produced a timeline for the schemes that remain.

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.

Hear from the experts as they cover off the key stages of preparation for Making Tax Digital for Income Tax.

Fundamental elements of the tax system could be set to change in the biggest shake up since self assessment was launched in the last millennium. The government's call for evidence on the tax administration framework review (TAFR), published on Tax Day, 23 March 2021, goes much further than a possible updating of Taxes Management Act 1970. Anita Monteith, Caroline Miskin and Richard Jones delve into the call for evidence in this Tax Faculty webinar.

This webinar from the Tax Faculty explores the call for evidence on earlier payment of income and corporation taxes.

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.

Proposals to require digital marketplaces to report sellers’ incomes to HMRC could impose significant burdens, cautions ICAEW in this consultation response. The plans highlight the complexity of compiling accurate data and the need for broader tax reforms.

A response dated 5 October 2021 to a consultation published by HMT on 30 September 2021, including ICAEW’s Tax Faculty customary pre-Budget letter to the Financial Secretary to the Treasury. It calls for the acceleration of work to build a modern tax system, while urging a “manageable pace” of transition, it cautions against implementing tax changes without consultation, such as the new Health and Social Care Levy.

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.

In responding to HMRC's call for evidence on timely payment, ICAEW argues that earlier payment of income and corporation tax should not be considered until the economy has recovered and that earlier payment should not be based on in-year estimates without HMRC first demonstrating that they can be a reliable basis for earlier payment.

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.