Displaying 1-30 of 41 results
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Hardman Lecture shines tax regulation spotlight on shadow advisers
- Article
- 05 Dec 2024
Government efforts to regulate the tax profession will only work if action is taken to target those advisers who don’t interact with HMRC – and don’t want to, says Ray McCann.
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An introduction to employee ownership trusts
- Article
- 05 Dec 2024
The sale of a company to an employee ownership trust (EOT) is becoming more popular. In the first of two articles on EOTs, Nick Wright explains why this may be the case and how an EOT could be used.
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The tax benefits of employee ownership trusts
- Article
- 05 Dec 2024
In the second of two articles on employee ownership trusts (EOTs), Nick Wright explores the capital gains tax exemption for the shareholders of the trading company and the income tax exemption for employees receiving bonuses.
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What is a managed service company provider?
- Article
- 01 Nov 2024
In the second of two articles on the managed service company rules, David Kirk draws on recent experiences of dealing with HMRC to look at the circumstances in which an accountant could be considered an MSC provider.
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What are the managed service company rules?
- Article
- 01 Nov 2024
In the first of two articles exploring the managed service company rules, David Kirk looks at the definition of an MSC and explains the consequences of falling within the scope of the rules.
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VAT on cryptoassets
- Article
- 01 Nov 2024
In the third in a series of articles on cryptoassets, members of ICAEW’s digital assets working party examine the landmark VAT case of Hedqvist and consider how NFTs could potentially be treated for VAT purposes.
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The benefits of relocating to Cyprus
- Article
- 23 Oct 2024
Cyprus has become a fashionable relocation destination for high net worth individuals, experienced professionals and expatriates in recent years. Constantinos Kounnis explains why tax may have had a role to play.
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Why is VAT complicated and costly?
- Article
- 03 Oct 2024
The UK VAT system imposes a significant compliance burden on businesses. Yige Zu and Richard Krever delve into the root causes of this complexity, and explore potential solutions for a more efficient and less distortionary tax regime.
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Cryptoassets: international tax issues
- Article
- 03 Oct 2024
In the second of a series of articles on cryptoassets, members of ICAEW’s digital assets working party explain the key international tax considerations for individuals holding cryptoassets and for cryptoasset businesses.
Exclusive
How to improve the corporate interest restriction
- Article
- 03 Oct 2024
The corporate interest restriction limits the amount of tax relief a company can get for interest and other financing costs. As more companies come within the scope of the regime, Stuart Rogers and Rhiannon Baynham of PKF Francis Clark consider whether the government can do more to help companies comply with the rules.
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Why furnished holiday let owners are facing higher tax bills
- Article
- 03 Oct 2024
In the latest episode of The Tax Track podcast, ICAEW experts discuss how the government’s plans to abolish the furnished holiday let regime will change how income tax relief is given for interest, increasing the tax liabilities for many property owners.
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Software project qualified for R&D tax relief
- Article
- 30 Aug 2024
In a recent case, a company successfully appealed against HMRC’s decision to reject its claim for R&D tax relief. Stephen Relf explains the issues at the heart of the case and considers what the decision means for claims relating to software.
Exclusive
The basics of taxing cryptoassets
- Article
- 30 Aug 2024
Members of ICAEW’s digital assets working party consider how the tax rules apply to cryptoassets acquired, held and disposed of by individuals and businesses.
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The case for a progressive VAT
- Article
- 30 Aug 2024
The authors of a recent paper for the International Monetary Fund argue for a single-rate, broad-based VAT with the tax paid on consumption repaid to lower income households in real time. Angela Bedi considers the merits of a progressive VAT and how it could be achieved.
What is R&D for tax purposes?
- Article
- 30 Aug 2024
Understanding the definition of R&D is key to making a valid claim for tax relief. We explain the basics in a new video.
Exclusive
Tax technology and the role of AI
- Article
- 02 Aug 2024
Paul Aplin explores the ways in which artificial intelligence (AI) is having an impact on tax work and explains the difference between AI and generative AI.
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How to deal with an information request from a third party
- Article
- 02 Aug 2024
In this, the final article in a three-part series looking at problem areas in practice, Karen Eckstein explores the issues to consider when dealing with a request for information from a bank or another adviser.
Exclusive
VAT registration threshold: higher or lower?
- Article
- 02 Aug 2024
Despite a rise in the VAT registration threshold to £90,000 in April 2024, debate continues as to whether it should be increased further or reduced. Ed Saltmarsh sets the scene and invites VAT experts to make the case for change.
Exclusive
Starting a business in Italy: the lowdown on the tax implications
- Article
- 16 Jul 2024
Whether sole trader, partnership or company, a key step in starting a business in Italy is choosing the best structure. In his third ‘lowdown’ article, Andrea Matera provides a summary of the main issues, including the benefits of the flat-rate scheme for smaller businesses.
Exclusive
CGT on residential properties – an update
- Article
- 03 Jul 2024
More taxpayers will find themselves caught in the capital gains tax net due to reductions in the tax-free amount. Gillian Banks looks at the demands of 60-day reporting and provides an update on recent developments relating to principal private residence relief.
Exclusive
HMRC changes its mind on the salaried member rules
- Article
- 03 Jul 2024
Andrew Constable looks at a recent change to HMRC’s guidance, which could have significant implications for members of limited liability partnerships.
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How to prepare for mandatory payrolling of benefits in kind
- Article
- 06 Jun 2024
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
Exclusive
Responding to a professional enquiry
- Article
- 30 May 2024
Should a practitioner automatically respond to a professional clearance request? If so, what is the best way to proceed? Karen Eckstein explains how to deal with what can be a tricky situation.
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The road ahead for VAT and PHVs
- Article
- 30 May 2024
The government is consulting on options to reform the VAT treatment of private hire vehicles in response to recent cases involving Uber. Ed Saltmarsh examines the case for making a change, and what this could look like.
Exclusive
Why special tax sites really are special
- Article
- 30 May 2024
Enhanced capital allowances may be claimed where qualifying expenditure is incurred in freeports and investment zones. Bryan Crawford looks at the conditions for making a claim and explains how businesses can benefit from the reliefs.
Exclusive
The lowdown on tax breaks for individuals moving to Italy
- Article
- 30 Apr 2024
Favourable climate, good food, great tax incentives – it’s easy to see why moving to Italy might be tempting. However, recent changes have put the spotlight on Italy’s inpatriate tax regime. Andrea Matera explains.
Exclusive
Working out the date of disposal isn’t always child’s play
- Article
- 30 Apr 2024
How do you determine when an asset was sold when there is no formal documentation? Stephen Relf looks at a recent tax case where the First-tier Tribunal had to do just that.
Exclusive
Basis period reform begins to bite
- Article
- 30 Apr 2024
Financial year 2023/24 is important in the move from basis periods to the tax year basis for unincorporated businesses. Richard Jones looks at how to approach the change.
Exclusive
Don’t forget associated companies, warns ICAEW Tax Faculty
- Article
- 30 Apr 2024
In the latest episode of The Tax Track podcast, the Tax Faculty warns that a company may have a higher tax bill where there are associated companies, and that applying the rules can be challenging.
Exclusive
How to respond to an HMRC information request
- Article
- 04 Apr 2024
Is HMRC entitled to the information it has requested about your client? In the first of a series of articles on managing risk, solicitor Karen Eckstein outlines the factors to consider.
Displaying 1-30 of 41 results