Displaying 1-30 of 196 results
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.
Tax news in brief 29 May 2024
- May 2024
- ICAEW
Highlights from the broader tax news for the week ending 29 May 2024, including: new advisory fuel rates; an issue affecting non-resident companies filing tax returns; and an update on refunds of voluntary Class 2 NIC.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: May 2024
- May 2024
- ICAEW Insights
This month’s top stories include a HMRC warning about VAT bank details fraud; an NAO report showing taxpayers have been let down by poor HMRC service; and HMRC rejecting the ‘brightline’ test for furnished holiday lets.
INSIGHTS VIEWPOINT
HMRC asks wealthy taxpayers to submit late returns
- May 2024
- ICAEW Insights
HMRC is writing to wealthy taxpayers who are late in submitting income tax self assessment (ITSA) returns for 2020/21 and 2021/22 to do so by 12 July 2024.
INSIGHTS VIEWPOINT
HMRC consults on a change to the reformed penalty system
- May 2024
- ICAEW Insights
Draft regulations allow HMRC to assess the second penalty for late payment before the tax has been paid in full.
INSIGHTS VIEWPOINT
Taxpayers let down by poor HMRC service, says NAO
- May 2024
- ICAEW Insights
The National Audit Office (NAO) has found that HMRC’s increased digital offering has not delivered the expected savings or improved services for taxpayers. The government has promised more funding for HMRC.
INSIGHTS VIEWPOINT
Seven software products now support MTD ITSA
- May 2024
- ICAEW Insights
HMRC has added APARI and Digita Personal Tax to the list of software products compatible with making tax digital (MTD) for income tax self assessment (ITSA).
INSIGHTS VIEWPOINT
Agents can register to payroll client’s benefits-in-kind
- May 2024
- ICAEW Insights
It is now possible for agents to register with HMRC for benefits-in-kind (BIK) to be taxed through their client's payroll for 2025/26 onwards.
INSIGHTS VIEWPOINT
How taxpayers can take “reasonable care”
- May 2024
- ICAEW Insights
ICAEW’s Tax Faculty explains how taxpayers can take reasonable care when submitting a tax return, including when a second opinion may be needed.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
ICAEW technical round-up: April
- Apr 2024
- ICAEW Insights
This month’s top stories include community amateur sports clubs asked to check their status; MTD ITSA private beta testing relaunched; and tax administration and maintenance day summary.
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
The lowdown on tax breaks for individuals moving to Italy
- Apr 2024
- Andrea Matera
- Taxline
Favourable climate, good food, great tax incentives – it’s easy to see why moving to Italy might be tempting. However, recent changes have put the spotlight on Italy’s inpatriate tax regime. Andrea Matera explains.
INSIGHTS VIEWPOINT
The unfortunate unfairness of tax thresholds
- Apr 2024
- ICAEW Insights
Thresholds are an integral part of the tax system, but can cause challenges for taxpayers and administrators alike. We look at the areas that cause the biggest issues.
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
Consider using the real-time CGT service to report gains
- Apr 2024
- ICAEW Insights
ICAEW’s Tax Faculty is reminding taxpayers that HMRC's real-time service can be used to report capital gains outside of self assessment, including gains on cryptoassets.
INSIGHTS VIEWPOINT
MTD ITSA private beta testing relaunched
- Apr 2024
- ICAEW Insights
Check the eligibility criteria for MTD ITSA private beta testing and if your software developer is ready. An ICAEW Tax Faculty webinar on 24 April will explain more.
INSIGHTS VIEWPOINT
HMRC contacts more taxpayers named in the Pandora Papers
- Apr 2024
- ICAEW Insights
HMRC is sending a further batch of one-to-many letters to taxpayers it suspects may have UK tax to pay on foreign income and gains.
INSIGHTS VIEWPOINT
Only five software products ready for MTD ITSA testing
- Apr 2024
- ICAEW Insights
Just five software products will be available at the launch of MTD ITSA private beta testing on 22 April.
INSIGHTS VIEWPOINT
HMRC publishes extra guidance on lifetime allowance abolition
- Apr 2024
- ICAEW Insights
HMRC has published additional guidance for pension scheme administrators on a range of issues, including the abolition of the lifetime allowance.
INSIGHTS VIEWPOINT
New penalty regime to apply to taxpayers testing making tax digital
- Apr 2024
- ICAEW Insights
HMRC has explained how penalties will be charged where volunteers testing making tax digital income tax self assessment are late in making a payment or submitting a return.
Exclusive
TAX FACULTY
Ways to tackle tax threshold unfairness
- Apr 2024
- Patricia Mock and Sally Campbell
- Taxline
Patricia Mock and Sally Campbell, co-authors with Bill Dodwell of a recent Tax Law Review Committee discussion paper, consider a range of principles to help inform future tax policy.
INSIGHTS VIEWPOINT
New guidance on applying for help with paying IHT
- Apr 2024
- ICAEW Insights
HMRC has published guidance on applying for a grant on credit and on recent updates to tax rules and processes relevant to trusts and estates.
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
Making tax digital testing to be launched
- Mar 2024
- ICAEW Insights
Agents will be invited to sign up clients later in April for making tax digital income tax self assessment. ICAEW will consider the pros and cons in a webinar.
INSIGHTS VIEWPOINT
HMRC stops paper notifications for tax repayments
- Mar 2024
- ICAEW Insights
A taxpayer receiving a repayment of corporation tax or income tax self assessment will no longer receive a letter notifying them of the repayment.
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.
INSIGHTS VIEWPOINT
Taxpayers will start to use GOV.UK One Login
- Mar 2024
- ICAEW Insights
From May 2024, taxpayers accessing HMRC’s online services for the first time will be asked to create a GOV.UK One Login account.
INSIGHTS VIEWPOINT
HMRC halts decision to restrict helplines
- Mar 2024
- ICAEW Insights
One day after announcing restrictions to its VAT, self assessment and PAYE helplines, HMRC has announced a change in approach.
INSIGHTS VIEWPOINT
Families should reconsider claiming child benefit from 6 April
- Mar 2024
- ICAEW Insights
Approximately 180,000 families are encouraged to reconsider claiming child benefit in light of changes to the high income child benefit charge, which apply from 6 April 2024.
INSIGHTS VIEWPOINT
Spring Budget 2024: the measures you missed
- Mar 2024
- ICAEW Insights
ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines.
Displaying 1-30 of 196 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.
TAXconnect
Search for a consultant to help you with a specific technical tax problem. TAXconnect works on a telephone ‘hotline’ system, whereby consultants offer advice to fellow Tax Faculty members on tax problems for a nominal fee.
Join the Tax Faculty
The Tax Faculty offers expert guidance and support enabling you to provide the best advice on tax legislation to your clients or business. We offer clear direction in taxing times.
