Displaying 1-30 of 101 results
INSIGHTS VIEWPOINT
Employee ownership trusts: the tax benefits
- Feb 2025
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Tax relief for pension contributions can be claimed online
- Feb 2025
- ICAEW Insights
Pay as you earn (PAYE) taxpayers who want to claim additional tax relief for contributions to a personal or workplace pension scheme can use a new HMRC online form.
Tax news in brief 12 February 2025
- Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 12 February 2025, including: a reduction in the rates of interest on tax; the publication of help cards for employers; and changes to land transaction tax.
INSIGHTS VIEWPOINT
Check for state pension gaps by 5 April 2025, says HMRC
- Feb 2025
- ICAEW Insights
HMRC is encouraging people to check if they could increase their state pension by making voluntary national insurance (NI) contributions by 5 April 2025.
Tax news in brief 4 February 2025
- Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 4 February 2025, including: an increase in the statutory payments recovery rate for smaller businesses; and ICAEW’s response to a consultation of expanding tax conditionality.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: January 2025
- Jan 2025
- ICAEW Insights
This month’s top stories feature Parliament accusing HMRC of damaging trust in the tax system; a warning to not respond to a fraudulent agent services text message; and more from the How to fix VAT campaign.
INSIGHTS VIEWPOINT
Employers won’t need to give HMRC more information
- Jan 2025
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member Insights: January 2025
- Jan 2025
- ICAEW Insights
The effects of the Autumn Budget measures are trickling through and driving a slump in business confidence, resulting in a muted appetite for investment.
INSIGHTS VIEWPOINT
Public finance woe as Chancellor battles to stay on track
- Jan 2025
- ICAEW Insights
The latest public sector finance figures from the Office of National Statistics are slightly worse than expected as the economy remains fragile.
Tax news in brief 22 January 2025
- Jan 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 22 January 2025, including: R&D guidance packages from HMRC; a change in how HMRC processes repayments in some circumstances; and forthcoming HMRC webinars for employers.
INSIGHTS VIEWPOINT
HMRC contacts self-employed delivery drivers
- Jan 2025
- ICAEW Insights
Individuals who worked as delivery drivers in 2023/24 and were not paid through pay as you earn should consider registering for self assessment if they have not already done so.
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
Claims for job expenses can be made online
- Jan 2025
- ICAEW Insights
The option for an employee to make a pay as you earn (PAYE) claim online for tax relief for employment expenses has been restored.
CHARITY COMMUNITY
Preparing for 2025 budgetary constraints
- Dec 2024
- Kristina Kopic
- Charity Community Newsletter
From 6 April 2025, Employer National Insurance (ER NI) contributions will increase from 13.8% to 15%. While intended to bolster public funds, this measure poses significant challenges for the charity sector, which already operates under financial constraints. This article explores the implications for charities, highlights the sector’s response and offers guidance on how charities can prepare and respond to potential financial difficulties.
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.
INSIGHTS VIEWPOINT
Paying workers over the festive period
- Dec 2024
- ICAEW Insights
HMRC has published guidance on applying real time information (RTI) and auto-enrolment rules to working arrangements over the Christmas holidays.
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
Help ICAEW tackle PAYE liabilities and payments discrepancies
- Nov 2024
- ICAEW Insights
ICAEW’s Tax Faculty is asking employers to provide details on a confidential basis of discrepancies between their records and HMRC’s pay as you earn (PAYE) liabilities and payments records.
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 updates on manifesto commitments
- Oct 2024
- ICAEW Insights
The government has provided updates on some of the key measures included in the Labour Party’s general election manifesto, including the taxation of “non-doms” and charging VAT on services provided by private schools.
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
New process for PAYE job expense claims
- Oct 2024
- ICAEW Insights
From 14 October 2024, pay as you earn (PAYE) claims for tax relief for employment expenses must be made using form P87, with supporting evidence provided by post. The process for making a claim via self assessment is unchanged.
INSIGHTS VIEWPOINT
Changes to HMRC’s agent dedicated line
- Oct 2024
- ICAEW Insights
From 7 October 2024, there will be one combined agent dedicated line (ADL) for self assessment (SA) and pay as you earn (PAYE), and a new process for chasing SA repayments.
Tax news in brief 25 September 2024
- Sep 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 25 September 2024, including: new guidance from HMRC on transfer pricing and VAT compliance; updated HMRC bank details for some taxes and duties; and a reminder from HMRC to register for self assessment by 5 October 2024.
INSIGHTS VIEWPOINT
Tough choices ahead as public spending continues to rise
- Sep 2024
- ICAEW Insights
Year-to-date deficit is the third highest for August since monthly records began.
INSIGHTS VIEWPOINT
Further details emerge on claiming PAYE repayments
- Aug 2024
- ICAEW Insights
HMRC’s communications and guidance on claiming pay as you earn (PAYE) repayments omits key information. ICAEW’s Tax Faculty explains more about the new process.
INSIGHTS VIEWPOINT
Employees must claim PAYE repayments
- Jul 2024
- ICAEW Insights
HMRC will no longer automatically issue a cheque where an employee is due a repayment under pay as you earn (PAYE). Instead, the employee must take action to receive the repayment.
Displaying 1-30 of 101 results
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