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.
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Explaining top ups for low earners in net pay arrangement schemes and the digitalisation of top up claims by pension scheme administrators for relief at source pension schemes.
ICAEW's Tax Faculty hosted a payroll and rewards webinar on 16 April 2023. This TAXguide shares to the answers raised at that webinar covering topics such as rates, thresholds, payroll, P11Ds, pension contributions and residence.
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.
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.
Features and articles
HMRC has released a suite of guidance for dealing with public service pensions that are affected by the McCloud remedy, including a tool for calculating the adjustment and making a claim.
The Tax Faculty provided input on measures relating to the proposed merged R&D tax credit scheme, tougher measures for promoters of tax avoidance, changes to data HMRC collects from customers and abolishing the pensions lifetime allowance.
In the second part of our series, Nick Wright explains HMRC’s current attitude to providing statutory clearance for transactions.
Policy documents regarding changes to the taxation of pensions were published as part of Legislation Day 2023. This included a suggestion that certain beneficiaries of pensions of members who died under age 75 may become subject to income tax as part of future tax changes.
Fraud concerns, constant government policy changes and a lack of sectoral transparency are undermining trust in pensions. What needs to happen to restore public confidence?
Industry experts unravel the common challenges and potential for gig workers in pension planning. The first question is, how much should you save?
Finance (No. 2) Act 2023 received Royal Assent on 11 July, bringing into law various tax measures with effect from that date. Full expensing, the abolition of the pension lifetime allowance charge, and many other measures come into force.
Some individuals may be missing home responsibilities protection (HRP) from their national insurance record, which could impact the amount of state pension that they are entitled to. The government is identifying affected individuals and will be writing to them with their recalculated state pension entitlement.
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.
Expert guidance on pensions and life assurance taxation in relation to business partnerships.
Advice on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company.
Tax rates and tables updated to reflect measures passed in the Finance (No. 2) Act 2023. Finance (No. 2) Act 2023 legislates for various changes to pension taxation, including the abolition of the lifetime allowance charge from 2023/24. It also introduces a new multinational top-up tax and a domestic top-up tax, and the temporary increased rates for theatre tax relief, orchestra tax relief, and museums and galleries exhibition tax relief have been extended until 31 March 2025.
A full chapter on the taxation of pensions and benefits in the UK, written for tax practitioners.
A chapter on pensions taxation, containing worked examples.
Chapter providing practical advice on pensions and life assurance in relation to inheritance tax planning.
Chapter providing information for tax advisers on UK tax rules relevant to pension schemes.