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Tax Faculty

Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.

Tax news

The latest updates on the UK tax system

Tax news in brief 7 December 2022

Highlights from the broader tax news for the week ending 7 December 2022, including: the van benefit and fuel benefit for cars and vans figures from 6 April 2023; and the Administrative Burdens Advisory Board annual report.

 

TAXline: December 2022

In this issue, Ed Saltmarsh examines VAT tribunal findings in the Innovative Bites case, Angela Clegg examines practical steps for managing the uncertainty within the tax policy environment and Tina Riches recounts her climb on Kilimanjaro to raise money for Tax Aid and Tax Help for Older People.

TAXline: November 2022

In this issue, Lindsey Wicks highlights some of the issues likely to be raised as part of the OTS review, Angela Clegg examines the tough landscape for landlords with tax relief restriction and Anita Monteith discusses the traded instruments sprouting from the ambition to achieve net zero.

TAXline: October 2022

In this issue, Caroline Miskin explains HMRC’s proposals to expand the data it collects, Peter Ferrigno and Matt Snowdon discuss the tax treatment and implications of participation in non-UK pension schemes and Lindsey Wicks summarises a study from the Organisation for Economic Co-operation and Development.

TAXline: September 2022

In this issue, Frank Haskew reviews the background to the UK debate on regulation of the tax profession, Shaheda Natha reviews Schwarz on Tax Treaties and Liz Hunter examines how qualifying employee-owned companies can pay tax-free bonuses.

 

TAXguide 02/22: Basis Period Reform

This TAXguide provides details of the reform to the taxation of unincorporated businesses introduced through FA 2022 to take effect from April 2024.

New VAT penalty rules

This webinar from the Tax Faculty will explain the new penalty rules for late submission and payment in relation to VAT

Wyman Symposium 2022

Regulation of the tax profession - what could it look like?

Freeports

This webinar from the Tax Faculty will provide details of the potential VAT and duty benefits of operating within a Freeport area.

MTDtalk 2022

In this series of webinars the ICAEW Tax Faculty (Anita Monteith and Caroline Miskin) and guests will provide the latest information and guidance on MTD ITSA, covering topics such as choosing software, the progress of HMRC’s pilot, the practicalities of signing up and answer questions from businesses and practitioners.

Representations

The future of tax

As digital technologies transform the worlds of work and leisure, the UK government grapples with balancing the books while ensuring its tax system is fit for purpose. As HMRC launches its review of the system that underpins the tax system, we take a look at the pressing issues and challenges.

HMRC needs more resource to rebuild the UK's tax system

ICAEW welcomes HMRC’s vision of a more flexible and responsive tax system outlined in the Tax Administration Framework Review but warns that significant challenges, such as creating a single identifier for taxpayers and consolidation of tax systems, can only be met if HMRC is properly resourced.