Expert commentary and practical guidance from ICAEW related to tax returns under the UK tax regime.
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax
The requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property separately from the self assessment tax return was introduced in April 2020. The deadline is 60 days for all completions on or after 27 October 2021.
This guide considers the areas of uncertainty in the Finance (No. 2) Act 2017 statutory provisions for the cleansing of mixed funds. It is formed of questions and answers from ICAEW and other professional bodies, together with comments from HMRC.
In TAXguide 18/17, Caroline Miskin explains what special relief is, when it might apply and the conditions that need to be met to make a formal claim. Read a summary here, Tax Faculty members can download the full guide.
Employer taxes and NIC questions and answers as agreed by HMRC and published by ICAEW Tax Faculty.
In 2023, HMRC issued a letter stating that boiler upgrades did not constitute a repair. However, HMRC is now contacting affected taxpayers acknowledging that this advice was incorrect.
The government has announced improvements and legislative changes intended to increase the use of HMRC’s online income tax services.
HMRC has written to taxpayers who may have sold shares and failed to include the disposal on their tax return.
Mei Lim Cooper looks at some of the useful changes made by Finance (No. 2) Act 2023 to simplify the rules for trusts and estates. Most of the measures take effect from 6 April 2024.
While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000.
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Individuals who received, sold or exchanged cryptoassets may be subject to income tax or capital gains tax (CGT) that should be reported on a self assessment tax return, due by 31 January 2024.
HMRC has advised that postmasters who do not receive a top-up payment in good time to meet the 31 January 2024 filing deadline will not be subject to interest and penalties. HMRC also has a specialised team to deal with queries from postmasters.
This webinar will help you navigate the significant changes to the fifth SEISS grant, and will also cover tax return and compliance issues.
Applications for the fourth SEISS grant open in late April 2021.
Lifting the bonnet to explain what filing a company tax return using iXBRL means in simple terms.
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
A full chapter providing practical guidance on penalties for incorrect tax returns.
A full chapter providing practical guidance on company tax returns and dealing with HMRC.
A full chapter providing practical guidance on HMRC powers, covering topics such as appeal procedures, documents and record keeping, time limits for raising assessments, HMRC correction of tax returns and HMRC action to counter tax avoidance schemes.
Chapter providing expert guidance on VAT in relation to business partnerships, including LLPs.
A chapter on taxpayers' rights and HMRC powers in relation to tax returns.
Guide to the growing breadth of HMRC powers and the increasingly complex penalty regime for non-compliance.
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Covers everything you need to know about completing a self-assessment tax return for the 2022/23 financial year.
A chapter aimed at individual taxpayers, giving practical pointers on completing a Tax Return. It also covers related matters such as filing deadlines and registering for Self Assessment. The author provides an illustrative worked example.
A chapter aimed at individual taxpayers, setting out practical points relating to the payment of tax, interest and penalties. It includes some advice on what to do if you are unable to settle your tax bill.
Section covering the penalties for late VAT registration, unauthorised issue of tax invoices, and late, fraudulent or erroneous tax returns.
This chapter introduces the UK system of self-assessment. It covers the submission of returns, notification of liability, penalties, appeals, payment of tax, record-keeping and tax claims.
The Daily Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for 2019/20.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for income tax gives a comparison of FRS 102 Section 29 and IFRS, and covers VAT and similar sales taxes, current tax, recognition and measurement of deferred tax, allocation of tax charge or credit, consolidated tax returns and offset of taxable profits and losses within groups, presentation, and disclosure.
A guide to financial and legal issues for GPs and managers of medical practices.
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