Displaying 1-30 of 142 results
TAX FACULTY
Deadlines and dates 2025
- Jan 2025
- ICAEW
- Taxline
The Tax Faculty highlights the key deadlines and dates for tax practitioners during 2025.
Exclusive
TAX FACULTY
Five payroll changes to look out for
- Jan 2025
- ICAEW
- Taxline
With (another) busy year ahead for payroll professionals, Ian Holloway picks out five developments that you need to know about and gives tips on how to manage them.
INSIGHTS VIEWPOINT
Public finances stabilise as economic indicators flash amber
- Dec 2024
- ICAEW Insights
The lowest November monthly deficit in three years suggests public finances are stabilising, even as concerns increase around the economic and fiscal outlook for 2025.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member insights: December 2024
- Dec 2024
- ICAEW Insights
As members continue to digest announcements made in the Autumn Budget, it’s the rise in Employers’ National Insurance that dominates the agenda. But despite challenges, businesses remain cautiously upbeat for 2025.
Exclusive
TAX FACULTY
TAXGUIDE
TAXguide 08/24: Payrolling of benefits-in-kind and expenses webinar Q&As
- Dec 2024
- ICAEW
This TAXguide provides answers to questions asked in a webinar on payrolling of benefits-in-kind (PBIK) delivered by ICAEW’s Tax Faculty on 16 October 2024.
Exclusive
TAX FACULTY
Faculty news: December 2024
- Dec 2024
- Frank Haskew
- Taxline
Frank Haskew looks at the latest Tax Faculty activity, including: the Hardman lecture; Autumn Budget 2024 and Finance Bill legislation; and HMRC service levels.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member Insights: October/November 2024
- Nov 2024
- ICAEW Insights
The Autumn Budget met with much criticism by members, with the impact of employers’ national insurance and the national living wage dominating feedback. Meanwhile, announcements on business rates and incentives for growth were conspicuous by their absence.
INSIGHTS VIEWPOINT
Public finances fall short as Chancellor defends tax rises
- Nov 2024
- ICAEW Insights
The first monthly public sector finance release following the Autumn Budget confirms how much reliance the Chancellor is placing on tax rises to stabilise the public finances.
INSIGHTS VIEWPOINT
940,000 employers to pay more NIC in 2025/26
- Nov 2024
- ICAEW Insights
Legislation introduced to Parliament provides for the changes to employers’ national insurance contributions (NIC) announced at the Autumn Budget 2024.
Exclusive
TAX FACULTY
What are the managed service company rules?
- Nov 2024
- ICAEW
- Taxline
In the first of two articles exploring the managed service company rules, David Kirk looks at the definition of an MSC and explains the consequences of falling within the scope of the rules.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: October 2024
- Oct 2024
- ICAEW Insights
This month’s top stories feature eight Budget updates covered by ICAEW’s Tax Faculty, a list of software products that are now ready for MTD ITSA, and new VAT guidance for private schools.
INSIGHTS VIEWPOINT
Budget 2024 verdict: big and bold, but borne by business
- Oct 2024
- ICAEW Insights
Chancellor Rachel Reeves focused on delivering economic stability with her wide-ranging first Budget – but short-term tax raising measures worth £40bn fall primarily on the shoulders of business.
INSIGHTS VIEWPOINT
National insurance increases for employers announced in Budget
- Oct 2024
- ICAEW Insights
From April 2025, employers will pay national insurance contributions (NIC) on an employee’s earnings above £5,000 at the rate of 15%. The employment allowance will be increased to £10,500 per year to help smaller businesses.
INSIGHTS VIEWPOINT
Don’t forget the 31 July payment on account deadline, warns ICAEW
- Jul 2024
- ICAEW Insights
The second payment on account towards income tax self assessment (ITSA) liabilities and class 4 national insurance contributions (NIC) for 2023/24 is due by 31 July 2024.
INSIGHTS VIEWPOINT
Voluntary class 2 NIC repaid in error
- Jun 2024
- ICAEW Insights
HMRC has provided an update on an issue affecting voluntary class 2 national insurance contributions (NIC) for 2022/23.
Exclusive
TAX FACULTY
How to prepare for mandatory payrolling of benefits in kind
- Jun 2024
- Michael Nicolaides and Kym Wise
- Taxline
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
INSIGHTS VIEWPOINT
Special tax sites postcode reporting burdensome says ICAEW
- May 2024
- ICAEW Insights
Draft regulations requiring employers in freeport and investment zones to report workplace postcodes may deter claims for national insurance contributions (NIC) relief.
Exclusive
TAX FACULTY
TAXGUIDE
TAXguide 04/24: The cash basis for trades: Q&As
- May 2024
- Richard Jones
ICAEW's Tax Faculty hosted a webinar on 18 April 2024 explaining the cash basis for the self-employed, including the changes that apply from the 2024/25 tax year. Answers to questions asked during the webinar are provided in this TAXguide.
INSIGHTS VIEWPOINT
HMRC launches fully digital service for voluntary NI contributions
- Apr 2024
- ICAEW Insights
The government has launched a new service that allows individuals to identify gaps in their national insurance (NI) record and make voluntary contributions without phoning for a reference number.
Exclusive
TAX FACULTY
Faculty news: May 2024
- Apr 2024
- Frank Haskew
- Taxline
Frank Haskew looks at the latest Tax Faculty activity, including TAM Day, ethics, regulation and HMRC service standards.
INSIGHTS VIEWPOINT
Avoid payroll errors with HMRC’s online starter checklist
- Apr 2024
- ICAEW Insights
New employees should complete the starter checklist before their first payday so their employer can report the details via PAYE RTI to HMRC correctly first time.
INSIGHTS VIEWPOINT
Public finances end financial year in weak position
- Apr 2024
- ICAEW Insights
Net debt represents a growing fiscal mortgage of £92,000 per UK household as a difficult financial year comes to a close.
TAX FACULTY
TAXGUIDE
TAXguide 03/24: Payroll rates, allowances and thresholds in 2024/25
- Apr 2024
- Tax Faculty
PAYE rates, thresholds, allowances, etc for employers in 2024/25 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
INSIGHTS VIEWPOINT
Improved process for paying voluntary NIC for periods abroad
- Apr 2024
- ICAEW Insights
A person living or working abroad can apply digitally to pay voluntary NIC to fill gaps in their record.
INSIGHTS VIEWPOINT
ICAEW gives five reasons to use the HMRC app
- Mar 2024
- ICAEW Insights
Join the 1.2m people a month using HMRC’s app to get tax information, stay up to date with tax payments and more.
Tax news in brief 27 March 2024
- Mar 2024
Highlights from the broader tax news for the week ending 27 March 2024, including: NIC cuts effective from 6 April 2024; guidance on full-expensing; statutory notices to be sent to fishing boat owners; VAT refunds for museums and galleries; and how to recognise genuine contact from HMRC.
INSIGHTS VIEWPOINT
Fiscal deficit still too high for comfort
- Mar 2024
- ICAEW Insights
Only a small improvement in the year-to-date deficit of £107bn reported in the penultimate monthly public finance release for 2023/24, over the same period a year ago.
Tax news in brief 13 March 2024
- Mar 2024
Highlights from the broader tax news for the week ending 13 March 2024, including: the publication of legislation providing for the Spring Budget NIC cuts; changes made by secondary legislation across a range of areas, including R&D tax relief, PAYE and CIS; new HMRC guidance on ISAs; and the opportunity to claim a refund for Italian VAT paid on goods and services related to Italian business activities.
INSIGHTS VIEWPOINT
Outlook for public finances broadly unchanged
- Mar 2024
- ICAEW Insights
Chancellor cuts national insurance again but defers difficult decisions on public spending until after the general election.
INSIGHTS VIEWPOINT
A pre-election Budget lacking in rabbits or hats
- Mar 2024
- ICAEW Insights
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Displaying 1-30 of 142 results