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.
Expert commentary and practical guidance from ICAEW related to tax avoidance and ensuring compliance with UK tax regime.
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.
In TAXguide 11/18 Sarah Godfrey explores the settlements legislation and what it means for the family business, the Arctic Systems case and HMRC’s views of the rules as they currently apply.
Company distributions - transactions in securities regime and liquidation distributions targeted anti-avoidance rule
Transactions in Securities: Company Distributions
Finance Act 2015 Changes to entrepreneurs' relief
Partnerships - salaried members rules for LLPs
HMRC Comments on treatment of liabilities for inheritance tax purposes
Guidance on Aggressive tax avoidance schemes – what you need to bear in mind
Highlights from the broader tax news for the week ending 13 April 2022, including: naming tax avoidance scheme promoters; managed service company rules; marginal relief calculator; and a survey on NINOs.
HMRC has opened a new opportunity for users of certain trust-type arrangements to settle their tax affairs with HMRC, where such arrangements are used to remunerate directors, individuals, or shareholders. The settlement opportunity is open for applications until 31 July 2022.
HMRC is recruiting three new volunteers to join the General Anti-Abuse Rule Advisory Panel.
A social compact appears to be changing.
Finance Act 2022 received Royal Assent on 24 February 2022, bringing into law various tax measures with effect from that date, including a package of measures designed to tackle promoters of tax avoidance schemes.
Mark McLaughlin points out some important exceptions from the inheritance tax gifts with reservation anti-avoidance provisions affecting gifts.
ICAEW has responded to the draft Welsh Tax Acts etc (Power to Modify) Bill, which seeks to give the Welsh government more power to react to changes to SDLT.
HMRC can issue notices to transfer tax liabilities of companies and limited liability partnerships to directors, shadow directors and other individuals connected with managing the business
Join BDO’s James Egert, Karen Riley, Steven Levine and Carrie Rutland as they take a high-level overview of the key risks that companies face in making disclosures, submitting accurate returns and applying the law correctly.
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.
The Tax Faculty's essential budget webinar.
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.
Expert commentary on how to draw a line between tax planning, tax avoidance and illegal tax evasion, in relation to capital gains tax.
A full chapter providing practical guidance on HMRC powers, covering topics such as appeal procedures, documents and record keeping, time limits for raising assessments, HMRC correction of tax returns and HMRC action to counter tax avoidance schemes.
Practical guidance on the taxation issues involved in buying and selling a corporate business, aimed at professional tax advisers.
Tax planning advice on selling a family or owner-managed company, written for anyone who advises or runs one.
A chapter on taxation relevant to non-resident investors in UK land, highlighting tax planning opportunities and potential pitfalls.
Chapter containing advice on remuneration strategies and tax planning, written for anyone who advises or runs a family or owner-managed company.
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A straightforward explanation of tax and the policy behind it for non-specialists, with coverage of recent controversies and illustrative case studies.
HMRC has recently taken a more aggressive stance on tax avoidance schemes, even though the schemes do not conflict with the letter of the law. This has taken the form of a general anti-avoidance rule (GAAR), regulations on transfer pricing, disclosure stipulations and stiffer penalties for non-compliance.
Guide to the UK tax system for tax practitioners and students.
A practical guide to applying VAT to UK property transactions.
How to reduce taxes by moving your business offshore.
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A response dated 8 February 2022 to a consultation published by the government in November 2021.
Comments made by ICAEW on 26 January 2022 in relation to the Welsh Tax Acts Etc. (Power to Modify) Bill 2022.
Draft legislation aimed at tackling promoters of tax avoidance schemes includes subjective terms and tests which are open to interpretation, says ICAEW in its response to HMRC's consultation. The terms should be amended or HMRC guidance created outlining its interpretation to avoid confusion.
A response dated 11 June 2021 to a consultation published by HMRC on 23 March 2021.
Briefing submitted to MPs on 12 April 2021 on Finance (No.2) Bill 2019-21 published by government on 11 March 2021 on clause 122 which relates to financial institution notices.
A response dated 25 November 2020 to a consultation published by BEIS on 2 September 2020.
A response dated 15 October 2020 to a consultation published by the Welsh government on 16 July 2020.
A response dated 9 October 2020 to a consultation published by HoL on 21 July 2020.