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Displaying 1-10 of 27 results
HMRC contacts companies owning residential property
- Article
- 31 Jan 2025
HMRC is writing to companies that may need to disclose liabilities to the annual tax on enveloped dwellings (ATED), possibly because they have relied on a relief that is not due.
Employers won’t need to give HMRC more information
- Article
- 30 Jan 2025
Following feedback from ICAEW, HMRC has confirmed that it is abandoning plans to require employers to provide more detailed information on employees’ hours worked in pay as you earn (PAYE) real time information (RTI) returns.
31 January deadline for public sector pension scheme members
- Article
- 28 Jan 2025
ICAEW explains why 31 January 2025 is a key deadline for members of public sector pension schemes disclosing McCloud tax charges and highlights HMRC guidance on completing the 2023/24 tax return where a pension statement is received late.
Tax news in brief 29 January 2025
- Article
- 28 Jan 2025
Highlights from the broader tax news for the week ending 29 January 2025, including: an update on Finance Bill 2024-25; new HMRC guidance on labour supply chain assurance; and notification of a one-to-many campaign from HMRC.
Government amends rules for employee ownership trusts
- Article
- 27 Jan 2025
Following representations made by ICAEW, the government has proposed changes to the draft tax legislation applying where a company makes a distribution to an employee ownership trust (EOT) to fund the cost of acquiring the company.
Government commissions new loan charge review
- Article
- 27 Jan 2025
Ray McCann will review the barriers preventing individuals subject to the loan charge from reaching resolution with HMRC and recommend ways in which they can be encouraged to do so.
ICAEW’s view on plans to charge IHT on pensions
- Article
- 27 Jan 2025
ICAEW is concerned that the proposed processes for bringing more pensions within the scope of inheritance tax (IHT) will cause delays in payouts to beneficiaries and place a significant administrative burden on pension scheme administrators (PSAs).
Reconsider changes to taxing overseas interest, says ICAEW
- Article
- 27 Jan 2025
ICAEW has suggested an optional election for taxpayers to be taxed on a calendar year basis in respect of all their overseas investment income in response to the government’s consultation on simplifying the taxation of foreign interest.
HMRC accused of damaging trust in the tax system
- Article
- 22 Jan 2025
Parliament’s Public Accounts Committee (PAC) says HMRC’s customer services have “deteriorated even further” from last year’s “all-time low” as HMRC answered just 66.4% of calls against a target of 85%.
Taxing cryptoassets: what you need to know
- Article
- 21 Jan 2025
While there is currently no such thing as a ‘crypto tax’, this does not mean that tax does not apply to these intangible (and mysterious) assets. We look at how the tax rules apply to cryptoassets.
Displaying 1-10 of 27 results