Displaying 1-30 of 47 results
INSIGHTS VIEWPOINT
Government’s plans for agents may harm the tax system
- Sep 2025
- ICAEW Insights
ICAEW’s Tax Faculty has warned the government that draft legislation requiring mandatory agent registration and granting HMRC new powers to tackle agents facilitating non-compliance and promoters of marketed tax avoidance misses the target.
Exclusive
TAX FACULTY
Does your loan have an unallowable purpose?
- Sep 2025
- ICAEW
- Taxline
Richard Jones summarises recent developments in relation to the loan relationships unallowable purpose rule and considers what to look out for when analysing whether the rule applies.
Tax news in brief 3 September 2025
- Sep 2025
- ICAEW Insights
Highlights from the broader tax news for the two weeks ending 2 September 2025, including: the appointment of a new government minister responsible for the tax system; and the publication of new advisory fuel rates.
Tax news in brief 19 August 2025
- Aug 2025
- ICAEW Insights
Highlights from the broader tax news for the two weeks ending 19 August 2025, including: a reduction in HMRC interest rates; and new guidance from HMRC on Pillar 2.
INSIGHTS VIEWPOINT
Measures to tackle promoters must be better targeted, says ICAEW
- Jun 2025
- ICAEW Insights
ICAEW is concerned that compliant firms will bear the burden of the government’s proposals, not the 20-30 individuals and organisations that promote tax avoidance arrangements.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
ICAEW technical round-up: May 2025
- May 2025
- ICAEW Insights
This month’s top stories feature a landlord tax avoidance scheme warning, a new ICAEW audit training film and an ISSB proposal to reduce Scope 3 sustainability reporting.
INSIGHTS VIEWPOINT
Transfer pricing rules to be reformed
- May 2025
- ICAEW Insights
The government has said it intends to make various changes to the UK’s international tax rules, which includes narrowing the scope of the UK-UK transfer pricing rules and replacing the diverted profits tax.
INSIGHTS VIEWPOINT
Landlords advised not to use tax avoidance scheme
- May 2025
- ICAEW Insights
HMRC has warned against the use of a capital gains tax (CGT) avoidance scheme that involves an individual transferring their property business to a limited liability partnership (LLP), which is then put into members’ voluntary liquidation (MVL).
INSIGHTS VIEWPOINT
HMRC turns the screw on tax scheme promoters
- Apr 2025
- ICAEW Insights
The government has proposed giving HMRC “additional powers and stronger sanctions” to clamp down on promoters of tax avoidance schemes in a consultation published alongside the Spring Statement on 26 March 2025.
Exclusive
TAX FACULTY
The rise and possible fall of umbrella companies
- Apr 2025
- ICAEW
- Taxline
The government estimates that umbrella companies were used to engage at least 700,000 temporary workers in the UK in 2022/23. Adelle Greenwood explains why and looks ahead to changes planned to take effect from April 2026.
Tax news in brief 2 April 2025
- Apr 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 2 April 2025, including: a webinar from HMRC on proposals aimed at tackling tax advisers who facilitate tax avoidance; and an update on the independent loan charge review.
INSIGHTS VIEWPOINT
HMRC turns spotlight on profit extraction schemes
- Apr 2025
- ICAEW Insights
In its latest spotlight, HMRC warns companies not to use a scheme that uses advertising and marketing expenditure to reduce taxable profits and disguise employment income in the form of redeemable loyalty points.
Tax news in brief 26 February 2025
- Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 26 February 2025, including: a new feature in the agent services account (ASA); and an opinion from the general anti-abuse rule (GAAR) advisory panel on inheritance tax (IHT) arrangements.
INSIGHTS VIEWPOINT
Time to rethink offshore anti-avoidance rules, says ICAEW
- Feb 2025
- ICAEW Insights
ICAEW shares the government’s concerns about the current personal tax offshore anti-avoidance rules and would welcome a detailed review of the operation and interaction of all the provisions.
Tax news in brief 30 October 2024
- Oct 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 30 October 2024, including: a MTD ITSA event organised by HMRC; an online tool for taxpayers from HMRC; and an update from HMRC on tax avoidance schemes.
Tax news in brief 7 August 2024
- Aug 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 7 August 2024, including: changes to HMRC’s interest rates; updated guidance from HMRC on publishing a tax strategy; and changes to the form for applying for a healthcare certificate.
INSIGHTS VIEWPOINT
Changes to transfer of assets abroad rules
- Mar 2024
- ICAEW Insights
New legislation announced in the Budget will prevent individuals from using a company to bypass the transfer of assets abroad (TOAA) anti-avoidance provisions.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
UK international tax reform on the horizon?
- Jan 2024
- ICAEW
There is broad support for measures to reform the transfer pricing, permanent establishment and diverted profits tax rules.
Exclusive
TAX FACULTY
Transfer of assets abroad redefined
- Jan 2024
- ICAEW
- Taxline
Andrew Cockman reviews the Supreme Court decision in Fisher concerning the transfers of assets abroad rules.
FACULTIES ONLINE
TAX FACULTY
ICAEW briefs MPs on key clauses ahead of Finance Bill debates
- Jan 2024
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.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW responds to draft Finance Bill 2023-24 provisions
- Sep 2023
- ICAEW
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.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
UK international tax legislation to be reformed
- Jun 2023
- ICAEW
The UK government is seeking views on reforming the UK rules on transfer pricing, permanent establishments, and diverted profits tax.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW responds to consultation on tougher sanctions for tax avoidance promoters
- Jun 2023
- ICAEW
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
- Jun 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.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
EU Council reaches agreement on exchange of information for crypto assets and advance tax rulings for high-net-worth individuals
- May 2023
- ICAEW
The unanimous agreement paves the way for greater co-operation between member states to reduce opportunities for tax avoidance and tax fraud using crypto assets, by amending the directive on administrative co-operation in the area of taxation (DAC).
Tax news in brief 12 April 2023
- Apr 2023
Highlights from the broader tax news for the week ending 12 April 2023, including: pension lump sums; HMRC’s Digital Disclosure Service; digital services tax; partnerships holding UK residential property; till system disclosures; and disguised remuneration instalment arrangements.
Tax news in brief 8 February 2023
- Feb 2023
Highlights from the broader tax news for the week ending 8 February 2023
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Mandatory disclosure rules replace DAC 6 in the UK
- Jan 2023
- ICAEW
Cross-border tax avoidance arrangement disclosure rules devised by the OECD (known as the mandatory disclosure rules, or MDR) will enter into force in the UK on 28 March 2023. Arrangements entered into on or after this date must be reported to HMRC under this regime.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC releases tax avoidance scheme summary
- Dec 2022
- ICAEW
The annual summary for 2020/21 sets out the estimated amount of tax avoidance carried out in the year, the number and nature of promoters involved, and the action that HMRC is taking against it.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC issues disguised remuneration loan charge discovery assessments
- Nov 2022
- ICAEW
ICAEW recommends that taxpayers seek independent advice if they receive an assessment as part of this HMRC campaign.
Displaying 1-30 of 47 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.