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Displaying 1-10 of 21 results
Why the EU’s VAT in the Digital Age Project matters
- Article
- 26 Jan 2022
Stephen Dale, chair of ICAEW Tax Faculty’s VAT and Duties Committee, explains the significance of the EU Commission’s public consultation on the VAT in the Digital Age Project covering e-invoicing, VAT rules for the platform economy and a single EU VAT registration.
Agent update highlights changes to pay and benefits reporting
- Article
- 25 Jan 2022
HMRC’s latest agent update provides notice of a number of changes affecting employers and their agents. ICAEW’s Tax Faculty highlights some key items.
Statutory Sick Pay Rebate Scheme: claims portal open
- Article
- 25 Jan 2022
Following the announcement that small employers could once again claim refunds for coronavirus-related sick pay, HMRC’s claims portal is now live.
Self assessment returns running 1m behind
- Article
- 25 Jan 2022
The earlier announcement of a late filing penalty waiver could have caused 1m more outstanding tax returns than at the same point last year. ICAEW’s Tax Faculty explores the numbers.
Get ready for the MTD VAT extension
- Article
- 25 Jan 2022
Making Tax Digital for VAT extends to all VAT-registered traders from April 2022. ICAEW’s Tax Faculty highlights some points to consider, including the government’s newly launched Help to Grow: Digital scheme.
Is your accounting firm registered for money laundering supervision?
- Article
- 25 Jan 2022
ICAEW’s Tax Faculty explains the various bodies that may be supervising the firm.
Tax news in brief
- Article
- 19 Jan 2022
Highlights from the broader tax news for the week ending 19 January 2022, including: changes to business rate eligibility for holiday homes; draft guidance for uncertain tax treatments; proposed changes to the disregard rules; and an update on social security coordination with France.
Businesses reminded to declare COVID support grants in tax returns
- Article
- 19 Jan 2022
Companies and unincorporated businesses are taxable on COVID support grants and payments. ICAEW’s Tax Faculty provides a summary of available resources to help ensure tax returns are correctly completed.
What happens if you miss the 31 January self assessment filing and payment deadline?
- Article
- 18 Jan 2022
Following HMRC’s announcement that it will provide a one-month penalty waiver for late-filing and late-payment penalties, ICAEW’s Tax Faculty shares guidance from HMRC on other implications of not meeting the 31 January deadline.
New VAT penalty regime deferred to January 2023
- Article
- 14 Jan 2022
The VAT default surcharge was due to be replaced by new late submission and payment penalties and interest charges from April 2022. The introduction of the new regime has been deferred to January 2023 to allow HMRC more time to make the necessary systems changes.
Displaying 1-10 of 21 results