UK tax rates, allowances and reliefs
ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
Pensions
Expert commentary and practical guidance from ICAEW related to pensions in the UK personal tax regime.
Need to know
In this section
Practical guidance
TAXguide: 06/20 Spring Budget 2020
Rishi Sunak delivered his first Budget of 2020 on 11 March. The Tax Faculty provides its summary of all the key tax announcements in this TAXguide.
TAXguide 17/19 - Pensions - saving and drawing - a roundup of recent changes
This guide is intended as a roundup of some of the changes to registered pension schemes since 2006. It is not intended to be a definitive guide to pensions, more an index alerting the reader to changes that perhaps require further research.
TAXguide 05/15
Company Directors - PAYE Real Time Information. A questions and answers guidance note.
TAXguide 02/13
Employer taxes and NIC questions and answers as agreed by HMRC and published by ICAEW Tax Faculty.
Features and articles
HMRC relief statistics: costs in line with tax receipts
The annual release of tax relief statistics, published on 12 January 2023, shows a significant rise in the cost of some reliefs. However, overall, the percentage increase in cost between 2020/21 and 2021/22 was less than the increase in tax receipts over the same period.
What are the tax rates and changes for 2023/24?
With three ‘fiscal events’ this Autumn alone, now is a good time to take stock of the tax changes coming in 2023/24. Whilst we don’t have a complete picture of all taxes, and there may be more information in the March 2023 Spring Budget, we have summarised how to advise so far.
How far could a Big Bang 2.0 go?
Dramatic reforms to financial services regulation are a cornerstone of the government’s strategy to meet its 2.5% growth target.
Financial Services Regulation: How far could a Big Bang 2.0 go?
Dramatic reforms to financial services regulation are a cornerstone of the government’s strategy to meet its 2.5% growth target.
UK considerations for non-UK pension schemes
Peter Ferrigno and Matt Snowdon discuss the tax treatment and implications of participation in non-UK pension schemes.
Setting salaries for a company owner or managers
Individuals who control their own companies can choose how and when to extract profits using a strategy involving various elements. This article considers the salary element.
Draft Finance Bill 2022-23: personal tax measures
Government announcements on legislation day include possible changes to the capital gains tax rules on separation and a significant consultation on improving the data HMRC collects from taxpayers. ICAEW’s Tax Faculty summarises the planned measures likely to affect individuals.
Are you at risk of losing lifetime allowance protection?
HMRC is reminding active members of public sector pension schemes that they may need to act before 1 April 2022 to avoid losing lifetime allowance protection. Members of any pension scheme who lose their protection need to notify HMRC.
Bloomsbury Core Accounting and Tax Service
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Pension scheme strategies
Advice on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company.
Providing for pensions and life assurance
Expert guidance on pensions and life assurance taxation in relation to business partnerships.
Pensions and benefits
A full chapter on the taxation of pensions and benefits in the UK, written for tax practitioners.
Pensions, state benefits and tax credits
A chapter on pensions taxation, containing worked examples.
Pensions and life assurance
Chapter providing practical advice on pensions and life assurance in relation to inheritance tax planning.
Pension funds
Chapter providing information for tax advisers on UK tax rules relevant to pension schemes.
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