2021 TAXguides

TAXguide 20/21: Treatment of loans secured on foreign income or gains by remittance basis users

Technical release
22 Dec 2021

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.

TAXguide 19/21 Off-payroll working: cross-border issues

Technical release
03 Dec 2021

Off-payroll working: guidance on clients’ off-payroll working obligations when a contractor works through an intermediary such as a personal service company across borders and/or some of the parties (client, contractor, contractor’s personal service company) are non-UK resident and/or the work is not wholly carried out in the UK, how the ‘host employer’ rules in s689 ITEPA 2003 interact, and the impact of double tax treaties.

TAXguide 18/21: PAYE and BIK payments to HMRC

Technical release
09 Nov 2021

Tax Faculty guidance for employers to help ensure that payments to HMRC are allocated to the right place in HMRC’s ledgers.

TAXguide 17/21 Off-payroll working: cross-border issues

This TAXguide has been replaced by TAXguide 19/21: Off-payroll working: cross border issues.

Exclusive TAXguide 16/21 Off-payroll working: trusts as clients: ‘small’ and ‘UK connection’

Technical release
27 Aug 2021

Questions and HMRC’s answers on how to determine whether a trust that uses the services of a contractor provided through an intermediary such as a personal service company is ‘small’ or has a UK connection under the off-payroll working rules.

Exclusive TAXguide 15/21 Off-payroll working: Are you a 'small' private sector client?

Technical release
24 Aug 2021

Off-payroll working: how to determine the size of a private sector client that uses the services of a contractor provided through an intermediary such as a personal service company.

Exclusive TAXguide 14/21 Income tax loss carry back

Technical release
06 Aug 2021

Finance Act 2021 introduces a new loss relief allowing trading losses incurred in 2020/21 and 2021/22 to be carried back for relief against trading profits in the preceding three tax years. In this TAXguide Rebecca Benneyworth explains the measure in detail and examines some of the complexities that arise when considering the practical implications of the loss carry back.

Exclusive TAXguide 13/21 Capital allowances: super deduction and 50% special rate allowance

Technical release
27 Jul 2021

The super deduction, special rate allowance and extension of the uplifted annual investment allowance, were discussed by Steve Watts and Richard Jones in a Tax Faculty webinar on 14 June 2021. This TAXguide provides answers to questions raised in that webinar.

Exclusive TAXguide 12/21 COVID-19 support grants tax considerations

Technical release
20 May 2021

The government’s COVID-19 financial support schemes give rise to a number of tax issues, separate from the rules that apply to the schemes themselves. This TAXguide, prepared by the Tax Faculty, covers the Coronavirus Job Retention Scheme (CJRS) and the Self-employment Income Support Scheme (SEISS) and is available to all ICAEW members.

Exclusive TAXguide 11/21 Off-payroll working: employment status: webinar questions and answers

Technical release
04 May 2021

In this webinar Mark Hammerton of Eversheds Sutherland gave practical advice and guidance on determining employment status now the off-payroll working rules have been extended to the private sector, and end-user options for managing contractors.

Exclusive TAXguide 10/21: A guide to principal private residence relief

Helpsheets and support
28 Apr 2021

Questions around the tax treatment of someone’s principal private residence (PPR) arise with frequency and all too often the answer is not as straightforward as might first appear. This guide considers the core rules, the traps and the key items to be aware of to help clients through this area of tax law.

Exclusive TAXguide 09/21: Brexit – The corporate tax implications

Technical release
15 Apr 2021

This TAXguide analyses the corporate tax impact of Brexit on the typical cycle of outbound and inbound business operations within the UK and the EU as from 1 January 2021. It analyses them from the viewpoint of both the UK and the member states of the EU.

TAXguide 08/21: COVID-19: Displaced expatriate employees

Technical release
30 Mar 2021

This TAXguide contains correspondence between ICAEW, the Financial Secretary to the Treasury and HMRC on the statutory residence test and social security in relation to expatriate employees that have been displaced due to the impacts of the coronavirus pandemic. This TAXguide replaces TAXguide 06/21 which predated HMRC’s reply on social security contributions.

Exclusive TAXguide 07/21: Off-payroll working: payroll and practical issues

Technical release
23 Mar 2021

Questions posed by ICAEW Tax Faculty exploring the impact of changes from 6 April 2021 to the off-payroll working regime and what they mean in practice, in particular for payroll, with answers based on HMRC's guidance.

TAXguide 06/21: COVID-19 - displaced expatriate employees

Technical release
23 Feb 2021

This TAXguide has been replaced by TAXguide 08/21.

Exclusive TAXguide 05/21: Tax issues in 2021

Technical release
05 Feb 2021

In this TAXguide, Rebecca Benneyworth highlights some key tax areas for practitioners to be aware of in the early part of 2021, before the next round of announcements arrives in the March Budget.

TAXguide 03/21: Deemed domicile changes - trust protections and OIGs

Technical release
01 Feb 2021

Guidance from ICAEW, STEP, and the CIOT to highlight a key issue with respect to the trust protections as introduced by Finance (No 2) Act 2017. This guide focuses on the situation where the settlor is deemed UK domiciled only under the 15-year rule and offshore income gains arise directly to the non-UK resident trust.

TAXguide 02/21: Deemed domicile changes - trust protections

Technical release
01 Feb 2021

Guidance from ICAEW, STEP, and the CIOT to highlight practical issues and uncertainties in the statutory provisions for trust protections introduced by Finance (No 2) Act 2017. This guide is formed of notes prepared by the professional bodies covers issues, such as: de minimis, guarantees, property management and offshore income gains.

Exclusive TAXguide 01/21: Off-payroll working from April 2021

Technical release
04 Jan 2021

This guide provides answers to questions asked at the off-payroll working webinar presented by Steve Wade and Kate Upcraft on 23/11/20. It covers changes from April 2021 including the size of clients, overseas clients, employment status and status determination statements, deemed employment income, personal service companies and the contractor, and practitioner support.

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