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.
Tax avoidance
Expert commentary and practical guidance from ICAEW related to tax avoidance and ensuring compliance with UK tax regime.
Need to know
In this section
Practical guidance
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.
TAXguide 11/18: the settlements legislation
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.
TAXGUIDE 0116 Transactions in securities: company distributions
Transactions in securities : company distributions, clearance applications further to draft clause 16, Finance Bill 2016. Exchange of correspondence between ICAEW Tax Faculty and HMRC in January 2016.
TAXguide 02/16 (TECH 06/16 TAX)
Company Distributions : transactions in securities regime and liquidation distributions targeted anti-avoidance rule. Note of meeting with HMRC on 26 January 2016 published by ICAEW Tax Faculty.
TAXguide 05/13
HMRC Comments on treatment of liabilities for inheritance tax purposes
TAXguide 05/12
Guidance on Aggressive tax avoidance schemes – what you need to bear in mind
Features and articles
Transfer of assets abroad redefined
Andrew Cockman reviews the Supreme Court decision in Fisher concerning the transfers of assets abroad rules.
ICAEW briefs MPs on key clauses ahead of Finance Bill debates
MPs are scheduled to start debating Finance Bill 2023-24 on 10 January. ICAEW has produced briefings on R&D, pensions, provision of additional data and promoters of tax avoidance.
Committee examines R&D, promoters and data proposals
The House of Lords Economic Affairs committee inquiry into the draft Finance Bill 2023-24 received 19 written responses and has heard from five representative bodies, including ICAEW.
ICAEW responds to draft Finance Bill 2023-24 provisions
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.
Understanding the statutory clearance process
Nick Wright summarises the key case law that is relevant to understand whether HMRC will provide statutory clearance for a transaction.
ICAEW responds to consultation on tougher sanctions for tax avoidance promoters
HMRC’s proposals would allow a criminal offence to be applied where promoters continue to promote a scheme after a stop notice has been issued, and directors to be disqualified in some situations.
Tax news in brief 21 June 2023
Highlights from the broader tax news for the week ending 21 June 2023, including: employer updates; income record viewer video; deadline to create agent services account for repayment claims; raising awareness of tax avoidance schemes; corporate interest restriction reporting companies; and interactive guidance and gform for self-employed taxpayers working abroad.
Tax administration and maintenance day proposals: share your views
ICAEW’s Tax Faculty is seeking input from members on consultations on a range of issues including IR35, cryptoassets, and reform of stamp taxes on shares. Read the full list of consultations and find out who to contact with your views.
Webinars and recordings
Managing tax risks in a complex world
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.
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.
Budget update
The Tax Faculty's essential budget webinar.
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.
Non-resident CGT and UK land
A chapter on taxation relevant to non-resident investors in UK land, highlighting tax planning opportunities and potential pitfalls.
Buying and selling companies
Practical guidance on the taxation issues involved in buying and selling a corporate business, aimed at professional tax advisers.
HMRC powers
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.
Serial tax avoiders
A chapter on HMRC powers in relation to serial tax avoiders.
Disclosure of tax avoidance schemes
A chapter on HMRC powers in relation to disclosure of tax avoidance schemes (DOTAS) rules.
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.
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.
Mandatory disclosure rules
Contains 39 national reports from experts in international tax law with strong knowledge in the OECD/G20 BEPS Project and EU developments where they discuss their countries' objectives and experiences regarding the impact and implementation of MDR.
Anti-avoidance
A section providing an overview of the UK's anti-avoidance rules relating to corporate taxation. Covers the general anti-abuse rule (GAAR), disclosure of tax avoidance schemes (DOTAS) rules, Pillar Two, transfer pricing legislation, limitations on interest deductibility, the controlled foreign company (CFC) charge, and the legislation on hybrid mismatches.
Anti-avoidance
A chapter summarising HMRC's present strategy with regard to tax avoidance. Includes an overview of the various rules and legislation in this area.
Taxation agency and advice
A section on possible liabilities for accountants undertaking activities relating to taxation — both compliance and advisory work.
What everyone needs to know about tax
A straightforward explanation of tax and the policy behind it for non-specialists, with coverage of recent controversies and illustrative case studies.
UK tax system: an introduction, The (3rd edition)
Guide to the UK tax system for tax practitioners and students.
VAT and property : guidance on the application of VAT to UK property transactions and the property sector
A practical guide to applying VAT to UK property transactions.
Tax havens today: the benefits and pitfalls of banking and investing offshore
How to reduce taxes by moving your business offshore.
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.
Representations
ICAEW REP 004-24 Finance Bill 2023-24 - Clauses 32 & 33: Promoters of tax avoidance
A briefing for MPs on the Finance Bill by ICAEW Tax Faculty.
ICAEW REP 100-23 Draft Finance Bill 2023-24
ICAEW welcomes the opportunity to provide evidence on the Draft Finance Bill 2023-24 to the House of Lords Economic Affairs Finance Bill Sub-Committee.
ICAEW REP 096-23 EOTs consultation
A representation dated 27 September 2023 to a consultation published by HMRC on 18 July 2023.
ICAEW REP 093-23 Tougher consequences for promoters of tax avoidance
A representation dated 12 September 2023 to a consultation published by HMRC on 27 April 2023.
ICAEW REP 081-23 Tackling umbrella company non-compliance
A representation dated 29 August 2023 to a consultation published by HM Treasury, HM Revenue & Customs and Department for Business & Trade on 6 June 2023.
ICAEW REP 074-23 Reform of transfer pricing, permanent establishment and diverted profits tax
A representation dated 11 August 2023 to a consultation published by HM Treasury on 19 June 2023.
ICAEW REP 058-23 Tougher consequences for promoters of tax avoidance
A representation dated 21 June 2023 to a consultation published by HMRC on 27 April 2023.
ICAEW REP 010-22 Mandatory disclosure rules
A response dated 8 February 2022 to a consultation published by the government in November 2021.