HMRC will close the VAT online account for filing returns to most businesses from 1 November 2022.

HMRC has issued step-by-step guidance regarding new processes to allow agents to act on behalf of digitally-excluded clients in respect of capital gains tax (CGT) 60-day reporting.

Following a trial, changes to how HMRC acknowledges an option to tax notification will become “business as usual”.

In a bid to stimulate growth and cut red tape, the government wants to redefine the definition of what constitutes a ‘small’ business.

In this issue, Caroline Miskin explains HMRC’s proposals to expand the data it collects, Peter Ferrigno and Matt Snowdon discuss the tax treatment and implications of participation in non-UK pension schemes and Lindsey Wicks summarises a study from the Organisation for Economic Co-operation and Development.

In this issue, Frank Haskew reviews the background to the UK debate on regulation of the tax profession, Shaheda Natha reviews Schwarz on Tax Treaties and Liz Hunter examines how qualifying employee-owned companies can pay tax-free bonuses.

In this issue, Paul Vohmann and Richard Jones set out ideas for incentivising capital investment, Mark Hammerton examines the Atholl House and Kickabout Productions judgements and Ed Saltmarsh explains how you can contribute to the evolution of the VAT, customs and duties regimes.

In this issue, Mark McLaughlin looks at the tax treatment of forfeited deposits under contracts to buy properties, Joseph Eloi explains the need for a roadmap from HMRC and Neil Warren gives practical examples of how a recent change in the interpretation of the law by HMRC will affect clients.

This TAXguide provides details of the reform to the taxation of unincorporated businesses introduced through FA 2022 to take effect from April 2024.

2022 TAXguides published by ICAEW Tax Faculty.

PAYE rates, thresholds, allowances, etc for employers in 2022/23 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK

This guide highlights a change in HMRC’s approach to the treatment of loans made to remittance basis users where assets of the borrower are held by the lender. This TAXguide has been prepared jointly with STEP and the Chartered Institute of Taxation.

In this series of webinars the ICAEW Tax Faculty (Anita Monteith and Caroline Miskin) and guests will provide the latest information and guidance on MTD ITSA, covering topics such as choosing software, the progress of HMRC’s pilot, the practicalities of signing up and answer questions from businesses and practitioners.

New rules require all UK express trusts and some non-UK trusts to register with HMRC. This includes non-taxable trusts unless the trust is specifically excluded.

This webinar from the Tax Faculty explains the potential options being explored by HMRC and reveals the results of a recent poll on the issue.

A response dated 23 September 2022 to a consultation published by HMRC on 20 July 2022.

A response dated 14 September 2022 to a consultation published by HMRC on 20 July 2022.

A response dated 14 September 2022 to a consultation published by HMRC on 20 July 2022.

The government has moved swiftly to consult on draft legislation to reform basis period rules before MTD ITSA becomes mandatory. ICAEW is concerned that changes will be rushed through and disappointed that the normal consultation process is not being followed.

ICAEW welcomes HMRC’s vision of a more flexible and responsive tax system outlined in the Tax Administration Framework Review but warns that significant challenges, such as creating a single identifier for taxpayers and consolidation of tax systems, can only be met if HMRC is properly resourced.

A single identifier for individuals and smoother registration processes are pre-requisites for a better tax system, argues ICAEW. HMRC also needs funding to develop an improved process for registering, authenticating and authorising agents.

ICAEW considers HMRC’s call for evidence on timely payment to be premature, as earlier payment of income and corporation tax would reduce businesses’ flexibility to manage their cashflow.