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Displaying 1-10 of 24 results
Late change to turnover test for partnerships as SEISS claims portal reopens
- Article
- 29 Jul 2021
The claims portal for the Self-Employment Income Support Scheme has reopened for the fifth time, following subtle changes to the legislation covering the turnover test for partnerships.
Tax news in brief
- Article
- 28 Jul 2021
Highlights from the broader tax news week ending 28 July, which includes the opportunity to attend a free webinar from the Office of Tax Simplification updating on its work and confirmation from HMRC of which inheritance tax forms are not available online.
Scrap exemptions to simplify VAT rules, urges ICAEW
- Article
- 27 Jul 2021
ICAEW has reiterated its call for all VAT exemptions to be abolished in its response to HMRC’s consultation on how to simplify VAT rules related to land and property. It has also recommended the removal of all VAT options.
Into the void - registering as a tax agent in the UK
- Article
- 27 Jul 2021
Chris McCandless shares his experiences of the three months it took to register as a tax agent and suggests how HMRC could help practitioners understand what’s happening and remove some anxiety from the process.
L-Day 2021: draft legislation for consultation, but more to come
- Article
- 21 Jul 2021
Draft legislation, consultation updates and promises of future tax measures were made on 20 July. The focus for many will be on basis period reform, but ICAEW’s Tax Faculty highlights the other key announcements.
Align tax year end with calendar to improve tax administration, say practitioners
- Article
- 21 Jul 2021
More than three-quarters of attendees to ICAEW’s recent Wyman Symposium agreed that the UK’s tax year end should move from 5 April to 31 December after hearing about the potential benefits and practical implications of making the change.
TAFR gets real with consultation on basis period reform
- Article
- 21 Jul 2021
The government has moved swiftly to consult on draft legislation to reform basis period rules before MTD ITSA becomes mandatory. ICAEW is concerned that changes will be rushed through and disappointed that the normal consultation process is not being followed.
Tax news in brief
- Article
- 21 Jul 2021
Highlights from the broader tax news week ending 21 July, which includes: HMRC clarification on working from home deduction, confirmation that CJRS and SEISS grant claimants cannot participate in MTD ITSA pilot and new VAT1 form for manual registrations, as well as HMRC's priorities for 2021/22 and its plans for dealing with tax debt.
HMRC answers questions on CGT on UK residential property
- Article
- 20 Jul 2021
Following pressure from ICAEW and other professional bodies on the quality of guidance on reporting and paying capital gains tax on UK residential property, HMRC has developed a new question and answer helpsheet offering further clarity and pledged to update existing guidance.
GDS strategy may support HMRC’s review of tax administration
- Article
- 19 Jul 2021
The Government Digital Service’s strategy is to create a single sign-in and digital identity solution that will work for all online government services. ICAEW’s Tax Faculty explains how this might support HMRC’s review of tax administration.
Displaying 1-10 of 24 results
