Displaying 1-10 of 30 results
Basis period reform: How to deal with estimated figures
- Article
- 03 Mar 2023
The fiscal year basis of taxation, applying from 2024/25, could mean unincorporated businesses that are unable to have an accounting date that matches the tax year will have to use estimated figures in their tax returns. How will this work and what are the penalty implications?
Opportunity to report UK property disposals on SA return only
- Article
- 01 Mar 2023
Vendors disposing of UK residential property late in the tax year may be able to report via their self assessment tax return only, paying by 31 January, if they submit the return quickly enough.
Paper return for UK property CGT reporting available for download
- Article
- 28 Feb 2023
The capital gains tax on UK property (CGT PPD) return has been published on HMRC’s website. Those submitting paper returns can now download the form instead of having to request it from HMRC by phone.
Tax news in brief 1 March 2023
- Article
- 28 Feb 2023
Highlights from the broader tax news for the week ending 1 March 2023, including: advisory fuel rates; stamp taxes newsletter; HMRC’s SDLT postcode; arrests connected with Euro Pacific bank; ATED revaluations; and economic crime levy guidance.
Revenue Scotland consults on changes to additional dwelling supplement
- Article
- 28 Feb 2023
The 6% additional dwelling supplement (ADS) is charged on buying an additional residential property (dwelling) in Scotland. Revenue Scotland is consulting on changes to the rules, which will affect timelines, inherited property, small shares, divorce or separation, joint buyers, economic units, and local authorities.
The Windsor Framework: VAT and duty implications
- Article
- 28 Feb 2023
The Windsor Framework, amending the Northern Ireland Protocol, includes changes to rules for movements of goods from Great Britain into Northern Ireland. ICAEW’s Tax Faculty sets out the VAT and duty implications.
The role of tax in a green industrial plan
- Article
- 22 Feb 2023
In early February 2023, the European Commission (EC) published A Green Deal Industrial Plan for the Net-Zero Age. Ahead of the Spring Budget, what tax policy ideas could the UK government take from the plan?
Tax news in brief 22 February 2023
- Article
- 22 Feb 2023
Highlights from the broader tax news for the week ending 22 February 2023, including: nudge letters for R&D claimants; HMRC’s stakeholder conference; and reminders from HMRC’s latest Agent Update and Employer Bulletin.
Tax Faculty responds to HMRC’s draft guidance on new R&D tax relief rules
- Article
- 22 Feb 2023
In its response to HMRC’s draft R&D guidance, ICAEW’s Tax Faculty identifies a number of aspects and scenarios where considerable uncertainty remains.
Proposed revisions to ethical standards for tax planning
- Article
- 21 Feb 2023
The International Ethics Standards Board (IESBA) has published an exposure draft for consultation, setting out proposed revisions to the IESBA ethical code in relation to tax planning and related services.
Displaying 1-10 of 30 results
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