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Displaying 1-10 of 28 results
Government considers impact of inheritance tax reforms on trusts
- Article
- 28 Feb 2025
The government is consulting on how its proposed changes to agricultural property relief (APR) and business property relief (BPR) will apply to property settled into trust.
Joint effort needed to prepare for cryptoasset tax changes, says ICAEW
- Article
- 28 Feb 2025
ICAEW has announced that it will work with six other bodies to help cryptoasset owners, reportable cryptoasset service providers (RCASPs) and HMRC respond to the challenges posed by the UK’s implementation of the cryptoasset reporting framework (CARF).
Online marketplace sellers may have tax to pay
- Article
- 28 Feb 2025
HMRC is writing to individuals who may have tax to pay on online marketplace sales made in 2022/23 and earlier tax years. Separately, HMRC has launched a new campaign to help people understand the tax implications of their ‘side hustles’.
VAT compliance controls: new guidance from HMRC
- Article
- 25 Feb 2025
HMRC’s guidelines for compliance are intended to lower the risk of errors and reduce the likelihood of checks.
Tax news in brief 26 February 2025
- Article
- 25 Feb 2025
Highlights from the broader tax news for the week ending 26 February 2025, including: a new feature in the agent services account (ASA); and an opinion from the general anti-abuse rule (GAAR) advisory panel on inheritance tax (IHT) arrangements.
HMRC to start contacting taxpayers about making tax digital
- Article
- 25 Feb 2025
HMRC has informed agents that, from April 2025, it will write to sole traders and landlords who may need to comply with making tax digital (MTD) for income tax from April 2026.
Time to rethink offshore anti-avoidance rules, says ICAEW
- Article
- 25 Feb 2025
ICAEW shares the government’s concerns about the current personal tax offshore anti-avoidance rules and would welcome a detailed review of the operation and interaction of all the provisions.
ICAEW has questions for HMRC on mandatory payrolling of benefits
- Article
- 21 Feb 2025
ICAEW believes that clarification is needed regarding the government’s plans to mandate the reporting of income tax and class 1A national insurance contributions (NICs) for most benefits in kind (BiKs) through pay as you earn in real time.
Don’t forget April tax changes for double cab pick-ups, says ICAEW
- Article
- 21 Feb 2025
HMRC is changing its policy on double cab pick-ups (DCPUs). From April 2025, most DCPUs will be treated as cars, not vans, for direct tax purposes, potentially meaning increased tax bills for employers, employees and businesses.
Employee ownership trusts: the tax benefits
- Article
- 18 Feb 2025
While not the primary reason for their creation, employee ownership trusts offer significant tax benefits for existing shareholders and employees alike, as Nick Wright explains.
Displaying 1-10 of 28 results