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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.
Featured items
TAXline
TAXline January 2019
In this issue, Michelle Robinson considers cryptocurrency and how it should be taxed, Anita Monteith considers the effects of the capital allowances rules and Ian Young reports on the Global Accounting Alliance Tax Director Group’s eighth international meeting in Brussels.
TAXline December 2018
In this issue, Frank Haskew looks back over the events of 2018, Sue Moore and Anita Monteith report on software for Making Tax Digital, Julie Cameron explores the hurdles facing unrepresented taxpayers and Julie Butler considers the case of HMRC v The Personal Representative of Maureen Vigne on business property relief.
TAXline November 2018
In this issue, Sarah Bradford explains the new rules regarding taxing termination payments, Ian Young reports on this year’s CFE Tax Advisers Europe annual meeting from September 2018 and Sue Moore summarises the issues for practitioners working at the coal face, including Making Tax Digital and cryptocurrencies.
TAXline October 2018
In this issue, Pete Miller explains how to use the non-statutory clearance facility, Ian Hayes discusses the cross-border implications of technology in tax, Wayne Glenton looks at the use of limited companies, land ownership and other tax issues affecting farmers and Jane Moore looks at the new disclosure rules devised by the EU and the OECD.
TAXguides
TAXguide 01/19: Corporate losses
In TAXguide 01/19 Pete Miller explains the new relaxation to the rules for carried forward corporate losses. This guidance covers trading losses, non-trading loan relationship deficits, non-trading losses on intangible fixed assets, expenses of management and UK property business losses.
TAXguide 18/18: Small business tax issues
In TAXguide 18/18, Rebecca Benneyworth explores the recent tax changes affecting small businesses, and looks at the impact of the more recent changes to dividend taxation and the rate of corporation tax. The full guide can be downloaded by Tax Faculty members and Faculties Online subscribers.
TAXguide 17/18: Partnership tax
In TAXguide 17/18, Andrew Constable answers a selection of the key questions raised by viewers of the Tax Faculty webinar ‘partnership tax’’, broadcast on 8 November 2018.
TAXguide 16/18: EBTs and contractor loan schemes
In this TAXguide Rebecca Benneyworth answers questions raised in response to the Tax Faculty webinar on employee benefit trust strategies and contractor loan schemes, which was broadcast on 8 August. Read a summary here, Tax Faculty members can download the full guide.
TAXguide 15/18: The cash basis for traders and landlords
In this practical TAXguide Sarah Bradford, director of Writetax and editor of Small Business Tax and Finance, explores the cash basis of assessment as it applies to traders and landlords. Read a summary here, Tax Faculty members can download the full guide.
Webinars, videos and podcasts
TAXbite: IR35 – an overview
An introduction to IR35, what it is and why it is important.
TAXBIte: Residence Nil Rate Band
An introduction to residence nil rate band.
International digitalisation of tax
The webinar will discuss key findings from the report on how to best manage the modernisation of a tax administration, including examples and anecdotes from the US and China, but also lesser-known stories from the likes of Estonia, Brazil, and Italy.
Making Tax Digital - Are you ready?
Join Anita Monteith, Sarah Ghaffari and Caroline Miskin for the latest information on preparing for MTD for VAT which starts from April 2019.
Representations
ICAEW REP 24/19
ICAEW welcomes the opportunity to respond to the Review of worldwide harmonised light vehicles test procedure (WLTP) and vehicle taxes consultation published by H M Treasury on 19 December 2018.
ICAEW REP 22/19
ICAEW welcomes the opportunity to respond to the Call for Evidence: Amendments to tax returns published by HM Revenue & Customs (HMRC) on 7 November 2018.
ICAEW REP 21/19
ICAEW welcomes the opportunity to respond to the Technical Note, Capital allowances for structures and buildings, published by HM Revenue & Customs (HMRC) on 29 October 2018. This representation is further to the separate meeting we had with HMRC and HM Treasury in December 2018 in which members related their own experiences and views.
Tax topics for today
Reforming property taxes for business – what are the options?
Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.
Hypothecation of taxes – a cure to austerity?
Is hypothecation - assigning particular tax revenues to a specific public policy goal - a good thing? Read Ian Young's article presenting the facts and then decide.
The sharing economy – labour and the gig economy
Anita Monteith of ICAEW’s Tax Faculty explains how to account for trades in the sharing economy, specifically how tax and national insurance work in the gig economy