ICAEW.com works better with JavaScript enabled.

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.

 

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.

TAXline: September 2018

In this issue, Sue Moore explains the rules to restrict finance costs, Frank Haskew considers how tax professionals can prepare for Brexit, Rebecca Cave summarises the key proposals contained in the Finance Bill legislation and Caroline Miskin explains HMRC’s standard procedures for registering clients for self assessment.

TAXline: August 2018

In this issue, Alistair Spence Clarke explains how Brexit will affect the taxation of Spanish holiday homes, Anita Monteith considers how new digital methods are affecting all aspects of business, Ian Young reports on the 2018 Wyman Symposium and Lynnette Bober explains the tax rules for remitted foreign dividend income.

TAXline: July 2018

In this issue, Kevin Slevin explains the Finance Act 2016 anti-avoidance rules on liquidation distributions, ICAEW’s president Paul Aplin sets out his priorities for 2018, Andrew Parrock describes the new Office of Tax Simplification strategic review on HMRC’s guidance and Jane Moore looks at the latest Office of Tax Simplification report.

 

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.

The trading landscape after Brexit - the customs perspective

The departure of the UK from the EU in March 2019 is a once in a generation change of profound significance. In July 2018, ICAEW and Chartered Accountants Ireland teamed up to publish a guide to Brexit designed to help our members advising UK and Irish businesses how to navigate this seminal change.

Agent update

HMRC is on record as agreeing that agents need to be able to see and do everything that their clients can. But, as HMRC rolls out its digital tax systems, this worthy ambition has not yet been translated into reality.

28 Sept - Tax Faculty Conference 2018

Our popular one-day conference will look at the challenges facing tax practices today and tomorrow with a line-up of expert speakers including Rebecca Benneyworth, Peter Rayney, John Cassidy and ICAEW President Paul Aplin. This year’s topics include Making Tax Digital, HMRC enquiries, off-payroll working and a session dedicated to practical points aimed at general practitioners.

5-6 October - Practical tax conference

ICAEW's annual residential tax conference will run 5-6 October 2018. This year's event will cover: Making Tax Digital, Brexit and VAT and a host of tax topics key to your practice and clients. this increasingly popular event helps you keep on top of all things tax.

15 October - MTD Live: Navigating Making Tax Digital

ICAEW’s MTD Live Expo will bring to life the array of software options on offer, from accounting packages, spreadsheet solutions and the benefits of bank feeds. Tax and IT Faculty experts will be on hand to take you through the essentials of MTD, discussing the key steps you need to take to get your practice and clients ready. The even includes an opportunity to put questions to our expert speakers.

Representations

ICAEW Rep 118/18

The Tax Faculty has responded to the HMRC consultation on draft VAT legislation relating to supplies of electronic, telecommunication and broadcasting services from 1 January 2019.

ICAEW Rep 115/18: Budget Autumn 2018

ICAEW's Tax Faculty has responded to HM Treasury's invitation for comments ahead of the 2018 Budget. The response concludes that there should be no new policy initiatives on tax at this time. Attention should instead be given to enabling taxpayers easily to fulfil their obligations and to understand their entitlements. Coping with HMRC’s digital systems has been made more difficult by the number of policy changes.

ICAEW Rep 110/18

Carried-Forward corporation tax losses

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.