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
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.
2019-20 NHS pensions annual allowance charge compensation form
The application form for the 2019-20 Pension Annual Allowance Charge Compensation Policy for GP’s must be endorsed by the PCSE before it can be processed by the NHS Business Services Authority.
September 2021: new updates from HMRC
HMRC has provided new guidance on the payment of Corporation Tax for unincorporated associations and clubs, funded pension schemes and IP appointments.
How to avoid breaching the annual and lifetime allowances
Pension saving can deliver valuable tax relief, but breaching a cap can be costly, warns Lindsey Wicks.
Tax news in brief
Highlights from the broader tax news week ending 30 June, which includes: pensions schemes and leases to connected tenants, an extended time limit for notifying an option to tax, a reminder to tell HMRC about an EU VAT import one stop shop registration, HM Treasury's launching of the business rates revaluation consultation and HMRC's latest briefing on collecting tax debts.
Chancellor announces big tax freeze
The income tax personal allowance and higher rate threshold will be frozen from 6 April 2022 until 5 April 2026. The capital gains tax annual exempt amount, the pensions lifetime allowance and the IHT and residence nil rate bands, meanwhile, will be frozen at their current rates.
NHS pensions - Annual allowance compensation scheme 2019/2020
While annual allowance tapering was introduced on 6th April 2016, the full impact began to be felt by clinicians more recently.
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.
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.
Pension scheme strategies
Advice on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company.
Pensions and life assurance
Chapter providing practical advice on pensions and life assurance in relation to inheritance tax planning.
Providing for pensions and life assurance
Expert guidance on pensions and life assurance taxation in relation to business partnerships.
Pension funds
Chapter providing information for tax advisers on UK tax rules relevant to pension schemes.
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.