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Displaying 1-10 of 23 results
Government considers extending R&D advanced clearance service
- Article
- 28 Mar 2025
After preliminary discussions with key stakeholders, including ICAEW, a consultation on widening the advanced clearance process for research and development (R&D) tax relief was published alongside the Spring Statement on 26 March 2025.
International tax treatment of pension lump sums clarified
- Article
- 27 Mar 2025
HMRC has updated its international manual to include long-awaited guidance on the tax treatment of lump sum pension payments under the UK’s double tax agreements (DTAs).
MTD income tax will be extended in 2028
- Article
- 26 Mar 2025
Alongside the Spring Statement 2025, it was announced that Making Tax Digital (MTD) for income tax will be extended to those with turnover of more than £20,000 from April 2028. Taxpayers in MTD income tax will need to use commercial software for their final tax return.
Government takes further action to reduce tax debt
- Article
- 26 Mar 2025
At the Spring Statement 2025, the government announced a package of new measures intended to reduce tax debt and close the tax gap. Taken together, the measures are expected to raise over £1bn in additional tax revenue per year by 2029/30.
Tax news in brief 26 March 2025
- Article
- 26 Mar 2025
Highlights from the broader tax news for the week ending 26 March 2025, including: the Finance Bill has become law; and a new requirement for agents to use advanced electronic signatures in some circumstances from 6 April 2025.
New tax return box for student loans and payrolled benefits
- Article
- 24 Mar 2025
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIKs) may need to complete a new box when submitting their self assessment (SA) return for 2024/25.
How do changes to tax come into effect?
- Article
- 24 Mar 2025
The government announces changes to tax rules, rates and allowances at the Budget and other fiscal events. We explain how these changes become law in a new video.
CGT adjustment may be needed to 2024/25 tax returns
- Article
- 24 Mar 2025
HMRC has published a calculator to work out the adjustment that may be needed to the 2024/25 self assessment tax return as a result of the in-year change to the main rates of capital gains tax (CGT).
Agent accounts may be suspended if suspicious activity suspected
- Article
- 24 Mar 2025
Several ICAEW member firms have experienced their HMRC agent accounts being suspended without notice. In its latest Agent Update, HMRC explains why it takes this action and what agents need to do.
Be bolder in reforming business rates, says ICAEW
- Article
- 18 Mar 2025
ICAEW calls for business rates to be included in an extended business tax roadmap in its response to the government’s consultation on business rates reform.
Displaying 1-10 of 23 results