A new requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property within 30 days was introduced in April 2020. Non-residents have had an obligation since 2015. ICAEW’s Tax Faculty provides guidance on to the digital service for reporting disposals to HMRC.
Published in 2020
Guidance on registering trusts on the Trust Registration Service and updating that information.
A comprehensive list of all the developments in international tax treaties between April and June of 2020.
The rules for the Coronavirus Job Retention Scheme (CJRS) are new and complex. This TAXguide highlights the risk areas and explains how to correct claims if an error is identified.
An update to guidance from ICAEW, STEP, CIOT and The Law Society on areas of uncertainty in the statutory provisions for Inheritance Tax on Overseas Property Representing UK Residential Property introduced by Finance Act (No 2) Act 2017.
On 11 May, tax consultant Kate Upcraft provided an update on the latest developments in employment law in a Tax Faculty webinar, including information on the Coronavirus Job Retention Scheme.
A comprehensive list of all the developments in international tax treaties in the first three months of 2020, including Qatar and Saudi Arabia’s adoption of the principle purpose test in its treaties with the UK.
A series of questions posed by the ICAEW Tax Faculty exploring the impact of changes to the off-payroll working regime and what they mean practically for payroll processes. Answers have been taken from HMRC's guidance.
Published in 2019
This guide is intended as a roundup of some of the changes to registered pension schemes since 2006. It is not intended to be a definitive guide to pensions, more an index alerting the reader to changes that perhaps require further research.
Answers to questions asked at ICAEW Tax Faculty webinar on 7 August 2019
This TAXguide explains our current understanding of the new off-payroll working rules beginning on 06 April 2020 and their implementation.
Following the publication of TAXguide 04/19 ENTREPRENEURS’ RELIEF: Clarification of the new ‘5% proceeds test’ inserted by Finance Act 2019 - questions on scope of the new provisions along with HMRC responses, further questions have arisen on the Finance Act 2019 entrepreneurs’ relief legislation.
Guidance for those providing tax services in the United Kingdom, on the prevention of money laundering and the countering of terrorist financing.
This TAXguide will cover the key changes to the capital allowances regime since Tax Practice supplement 21 on the subject in September 2008.
Published in 2018
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.
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.
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.
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.
Published in 2017
In TAXguide 23/17, Neil Gaskell explains the changes introduced on 1 January 2015 to the VAT rules for business to consumer supplies of digital services within the EU. This guidance has been updated to include changes introduced on 1 January 2019. Read a summary here, Tax Faculty members can download the full guide.
Although many of the implications of Brexit are currently unknown, VAT and customs duties are likely to be affected. This guide outlines the potential tax consequences. This guide was updated following the publication on 23 August 2018 of guidance from HMRC as to what will happen if there is no Brexit deal.
In TAXguide 20/17, Sue Moore and Gillian Banks answer a selection of the key questions raised by viewers of the Tax Faculty webinar ‘an intermediate guide to the taxation of UK trusts’, broadcast on 25 October 2017. Read a summary here, Tax Faculty members can download the full guide.
In TAXguide 19/17, David Kirk provides a step by step explanation of how to calculate the high income child benefit charge and highlights the potential pitfalls. Read a summary here, Tax Faculty members can download the full guide.
Published before 2017
Company distributions - transactions in securities regime and liquidation distributions targeted anti-avoidance rule
Transactions in Securities: Company Distributions
Use of foreign income and gains as loan collateral for a relevant debt - update
Reforms to the Taxation of Non Domiciles - Meeting notes