Tax Round-up 2020
This webinar from the Tax Faculty provides a round up of all the measures that are under review and subject to consultation, and how the faculty will be responding.
Penalties
Expert commentary and practical guidance from ICAEW related to penalties associated with failing to comply with UK tax regime.
Further support
In this section
Features and articles
Government consults on options to reform tax administration
The government has published a call for evidence on HMRC's enquiry and assessment powers, penalties, and safeguards.
1.1 million taxpayers miss self assessment filing deadline
While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000.
ICAEW technical round-up: January 2024
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Tax news in brief 24 January 2024
Highlights from the broader tax news for the week ending 24 January 2024, including: time to pay arrangements; preparing for changes on moving goods from Ireland to Great Britain; HMRC research on VAT penalty reform; insolvency guidance on operating PAYE; and updates to the process for applying for probate.
New form for appealing corporation tax penalties
HMRC has introduced an interactive form to speed up the process for corporation tax penalty appeals.
MTD ITSA announcement disappoints
The government has missed the opportunity to seriously reconsider its MTD ITSA policy. The decision on mandating MTD for the self-employed and landlords with turnover below £30,000 is to remain under review.
Tax news in brief 9 August 2023
Highlights from the broader tax news for the week ending 9 August 2023, including: late payment interest on VAT or penalties; reporting requirements for platform operators; and SAYE bonus rates.
Plastic packaging tax: detailed HMRC guidance on penalties
The penalties cover failing to register, submitting a late return, late payments and failing to meet other requirements of plastic packaging tax.
eBooks
The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.
Paying your tax, interest and penalties
A chapter aimed at individual taxpayers, setting out practical points relating to the payment of tax, interest and penalties. It includes some advice on what to do if you are unable to settle your tax bill.
Penalties and surcharges
Section covering the penalties for late VAT registration, unauthorised issue of tax invoices, and late, fraudulent or erroneous tax returns.
VAT administration, appeals and interest
A high level overview of the framework of VAT administration covering appeals and the interest charged on VAT recovered through the raising of an assessment.
Payment of income tax, interest and penalties
This chapter identifies when income tax is payable and how interest is calculated on underpaid or late payments. It also touches on the tax penalties which may be imposed for failing to comply with tax law.
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 terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 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.
Assessment and VAT penalties
This chapter provides an overview of HMRC assessments and VAT penalty procedures.
Value added tax 2023/24
An accessible guide to current VAT law, written for both professional advisers and non-professionals. The content is updated in line with changes to legislation, new and revised guidance from HMRC on issues such as MTD, and relevant case decisions.
Self-assessment penalties
A full chapter providing practical guidance on penalties for incorrect tax returns.
Penalties
A chapter on HMRC powers in relation to tax penalties.
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.
Representations
ICAEW REP 065-23 Construction industry scheme reform
A representation dated 10 July 2023 to a consultation published by HMRC on 27 April 2023.
ICAEW REP 029-22 Call for evidence income tax self assessment registration for the self employed and landlords
ICAEW’s response to HMRC’s call for evidence on Income Tax Self Assessment Registration for the Self-employed and Landlords. ICAEW does not support the suggestions for basing the notification requirement on the date an income source starts or a threshold is exceeded or reducing the period after the end of the tax year allowed for notification.
ICAEW REP 39/21 Finance (No.2) Bill 2019-21 - payment penalties
Briefing submitted to MPs on 12 April 2021 on Finance (No.2) Bill 2019-21 published by government on 11 March 2021 on clause 113 and schedule 25 which relates to penalties for failure to pay tax.
ICAEW REP 10/21 Follower notices and penalties
A response dated 25 January 2021 to a consultation published by HMRC on 16 December 2020.