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Displaying 1-10 of 21 results
VAT quiz: standard-rated, zero-rated or exempt?
- Article
- 19 Dec 2024
Test your knowledge of obscure VAT rules with this quiz from ICAEW. We’ll present you with a few everyday items, and you tell us if they are standard-rated, zero-rated or exempt.
How to fix VAT: digitalising the system
- Article
- 19 Dec 2024
Digitalisation of VAT promised great rewards, but initial attempts have faltered as HMRC navigates unexpected complexities in the system and the range of taxpayers it deals with. Despite some success, more work is needed to push the changes through.
Mixed scorecard for HMRC on making tax digital
- Article
- 17 Dec 2024
In its annual report for 2024, the administrative burdens advisory board (ABAB) has praised HMRC for the quality of its engagement on making tax digital for income tax (MTD IT) and has set out areas where concerns remain.
Tax news in brief 18 December 2024
- Article
- 17 Dec 2024
Highlights from the broader tax news for the week ending 18 December 2024, including: HMRC campaigns relating to capital gains tax (CGT) reliefs; an update to the list of shares of negligible value; and a date for the diary for 2025.
ICAEW comments on Finance Bill 2024-25
- Article
- 16 Dec 2024
ICAEW’s Tax Faculty monitors the progress of Finance Bill 2024-25 and sets out its concerns regarding some aspects of the legislation, including the impact of the mid-year changes to rates of capital gains tax (CGT) on tax returns.
Guidance on making claims for foreign tax credit relief
- Article
- 16 Dec 2024
HMRC is writing to taxpayers who claimed relief for foreign tax paid on employment or other income in their self assessment return for 2022/23 and may be considering making a similar claim for 2023/24.
HMRC must improve low resolution rates, says ICAEW
- Article
- 11 Dec 2024
A joint report by ICAEW and the Chartered Institute of Taxation (CIOT) highlights the issues faced by agents in dealing with HMRC and makes 10 recommendations for improving HMRC’s customer services.
Residential land tax hike in Wales
- Article
- 11 Dec 2024
In its Budget for 2025-26, the Welsh government has announced that the rates of land transaction tax (LTT) for some purchases of residential property will increase by 1 percentage point.
Paying workers over the festive period
- Article
- 10 Dec 2024
HMRC has published guidance on applying real time information (RTI) and auto-enrolment rules to working arrangements over the Christmas holidays.
Tax news in brief 11 December 2024
- Article
- 10 Dec 2024
Highlights from the broader tax news for the week ending 11 December 2024, including: an evaluation of rent-a-room relief; a new HMRC tool relating to umbrella companies; and an update on freeports.
Displaying 1-10 of 21 results