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The latest news about the UK's tax system, policy changes and legislative updates brought to you by ICAEW's Tax Faculty.
Governments around the world have announced tax measures to support businesses and individuals in response to the COVID-19 pandemic. This page brings together guidance and news from ICAEW, as well as externally-produced resources that provide practical information on emerging tax issues.
TAXbites provide a brief reminder of the basics on popular topics. Each recording lasts around 10 minutes and is freely available for all to view
Stay up-to-date with the fast moving world of tax by attending our webinars and events.
17 September 2021: Duty-free shops will return from 1 January 2021, but international visitors to Great Britain will no longer be able to buy and take with them tax-free purchases from other retailers in the country as the VAT retail export scheme is scrapped.
15 September 2020: After HMRC confirmed that it has 10 live corporate criminal offence (CCO) investigations, ICAEW is reminding members to ensure they are familiar with the legislation.
15 September 2020: The automatic extension of Companies House filing deadlines in light of the coronavirus pandemic provides breathing space for SAOs.
14 September 2020: HMRC has updated its guidance on how to perform usual hours calculations where employees come off furlough or flexible furlough partway through a claim period. The change affects claims made from today.
In this issue, Victoria Price and Tom Evennett explain the importance of trading to the tax rules, Steven Dowers examines the increased nil rate bands for residential property and Anita Monteith and Alison Ring explain the Chancellor’s power to override normal spending rules to authorise key recovery measures.
In this issue, Tim Palmer and Mark Rubinson review in depth the forthcoming tax changes for the construction industry, Lindsey Wicks examines the role that tax reliefs play in delivering the government’s goals and Ross Welland examines the 2020 Upper Tribunal case of HMRC v Sippchoice concerning in-specie pension contributions.
In this issue, Angela Clegg provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown, Andy Tall examines changes to the intangible fixed assets regime and Meg Saksida highlights the scope for HMRC to apply discretion on time limits in existing guidance and legislation.
In this issue, Julie Butler and Fred Butler examine rollover relief, John Boulton considers the policy response to COVID-19, Bryan Crawford examines the requirements to be met in order to claim land remediation relief and David Heaton clarifies the new off-payroll working rules.
Tax guides published before 2017 by ICAEW Tax Faculty.
2017 TAXguides published by ICAEW Tax Faculty.
2018 TAXguides published by ICAEW Tax Faculty.
2019 TAXguides published by ICAEW Tax Faculty.
2020 TAXguides published by ICAEW Tax Faculty.
Webinars, videos and podcasts
In this webinar we will be joined by the Office of Tax Simplification to discuss the OTS review of CGT that covers aspects of the taxation of chargeable gains.
This webinar from the Tax Faculty will provide a round up of all the measures that are under review and subject to consultation and how the faculty will be responding.
Employment tax specialist Kate Upcraft and Tax Faculty technical managers Anita Monteith and Caroline Miskin, explain the complexities of the Coronavirus Job Retention Scheme (CJRS) followed by an update on the latest payroll hot topics.
On 29 May, Rishi Sunak outlined how the government plans to reshape the CJRS from 1 July to encourage those furloughed back into work. In this webinar Anita Monteith, Caroline Miskin and Frank Haskew discuss the latest developments.
A response dated 18 September 2020 to a consultation published by HMT on 21 July 2020.
A response dated 15 September to a consultation published by HMRC on 21 July 2020.
A response dated 27 August 2020 to a consultation published by HMRC on 19 March 2020.
Tax topics for today
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.
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.
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