Published in 2024
TAXguide 07/24: Tax treatment of travel costs for directors of VC portfolio companies
- Technical release
- 04 Jul 2024
HMRC has confirmed the tax treatment of reimbursed travel expenses for non-executive directors of venture capital (VC) portfolio companies.
Exclusive
TAXguide 06/24: Taxation of cars, vans and fuel Q&As
- Technical release
- 29 May 2024
Answers are provided in this TAXguide to questions asked in ICAEW's webinar on the taxation of cars and vans, including electric vehicles and fuel.
Exclusive
TAXguide 05/24: Payroll and reward update webinar Q&As
- Technical release
- 20 May 2024
ICAEW's Tax Faculty hosted a payroll and reward update webinar on 10 April 2024. Answers to questions asked during the webinar are provided in this TAXguide.
Exclusive
TAXguide 04/24: The cash basis for trades: Q&As
- Technical release
- 08 May 2024
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.
Published in 2023
Exclusive
TAXguide 07/23: Making R&D claims – what information must be submitted and when?
- Technical release
- 03 Oct 2023
Two new forms are required when making claims for research and development (R&D) tax relief. While the additional information form is required for all R&D claims, advance notification will also be required for some.
Exclusive
TAXguide 06/23: A basic guide to pillar two
- Technical release
- 04 Sep 2023
Pillar two is part of a package of initiatives agreed at OECD level by territories worldwide to tackle the challenges of taxing multinational enterprises (MNEs) cross-border. In the UK, it will be known as the multinational top-up tax and domestic top-up tax that will apply for accounting periods beginning on or after 31 December 2023.
Exclusive
TAXguide 05/23: Tax relief for pension contributions – recent changes
- Technical release
- 24 Aug 2023
Explaining top ups for low earners in net pay arrangement schemes and the digitalisation of top up claims by pension scheme administrators for relief at source pension schemes.
Exclusive
TAXguide 04/23: Payroll and rewards update 2023 – Q&A
- Technical release
- 03 Jul 2023
ICAEW's Tax Faculty hosted a payroll and rewards webinar on 16 April 2023. This TAXguide shares to the answers raised at that webinar covering topics such as rates, thresholds, payroll, P11Ds, pension contributions and residence.
Published in 2022
Exclusive
TAXguide 03/22: changes to VAT penalties and interest charges
- Technical release
- 13 Dec 2022
This TAXguide provides details of the new penalties for late submission and payment of VAT returns, which takes effect for VAT periods starting on or after 1 January 2023.
TAXguide 02/22: Basis Period Reform
- Technical release
- 05 Apr 2022
This TAXguide provides details of the reform to the taxation of unincorporated businesses introduced through FA 2022 to take effect from April 2024. The TAXguide has also been updated for more recent changes and is up to date as of 10 October 2023.
TAXguide 01/22: Payroll rates, allowances and thresholds in 2022/23
- Technical release
- 02 Mar 2022
PAYE rates, thresholds, allowances, etc for employers in 2022/23 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK
Published in 2021
TAXguide 20/21: Treatment of loans secured on foreign income or gains by remittance basis users
- Technical release
- 22 Dec 2021
This guide highlights a change in HMRC’s approach to the treatment of loans made to remittance basis users where assets of the borrower are held by the lender. This TAXguide has been prepared jointly with STEP and the Chartered Institute of Taxation.
TAXguide 19/21 Off-payroll working: cross-border issues
- Technical release
- 03 Dec 2021
Off-payroll working: guidance on clients’ off-payroll working obligations when a contractor works through an intermediary such as a personal service company across borders and/or some of the parties (client, contractor, contractor’s personal service company) are non-UK resident and/or the work is not wholly carried out in the UK, how the ‘host employer’ rules in s689 ITEPA 2003 interact, and the impact of double tax treaties.
TAXguide 18/21: PAYE and BIK payments to HMRC
- Technical release
- 09 Nov 2021
Tax Faculty guidance for employers to help ensure that payments to HMRC are allocated to the right place in HMRC’s ledgers.
TAXguide 17/21 Off-payroll working: cross-border issues
- Helpsheets and support
- 03 Sep 2021
This TAXguide has been replaced by TAXguide 19/21: Off-payroll working: cross border issues.
Published in 2020
Exclusive
TAXguide 18/20: VAT MOSS – what happens following the end of the UK VAT MOSS scheme
- Technical release
- 11 Dec 2020
The UK has left the EU, with 31 December 2020 marking the end of the transitional deal that has been in place since 1 February 2020. The EU departure will mean important changes for UK businesses that sell broadcasting, telecommunication and electronic (BTE) services to non-business customers (B2C) inside the EU. Neil Warren provides guidance on the key changes that will take place.
TAXguide 17/20: CJRS - The furlough scheme reinvented
- Technical release
- 26 Nov 2020
The Coronavirus Job Retention Scheme (CJRS) has been extended until 31 March 2021 and altered from the previous two iterations. In this guide ICAEW's Tax Faculty provides the answers to more than 190 questions raised by attendees to its webinar explaining the changes to the CJRS broadcast on 20 November.
Exclusive
TAXguide 16/20: Basic inheritance tax planning
- Technical release
- 17 Dec 2020
This practical guide outlines the inheritance tax rules, explains key reliefs, and planning for lifetime gifts, wills and deathbed situations.
TAXguide 15/20: CGT UK property disposal reporting
- Technical release
- 15 Sep 2020
The requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property separately from the self assessment tax return was introduced in April 2020. The deadline is 60 days for all completions on or after 27 October 2021.
Published in 2019
TAXguide 13/19: ENTREPRENEURS’ RELIEF: Further questions on Finance Act 2019 changes
- Technical release
- 30 Sep 2019
Following the publication of TAXguide 04/19 ENTREPRENEURS’ RELIEF: Clarification of the new ‘5% proceeds test’ inserted by Finance Act 2019 - questions on scope of the new provisions along with HMRC responses, further questions have arisen on the Finance Act 2019 entrepreneurs’ relief legislation.
TAXguide 09/19: Rebasing and adjustment to the CGT foreign capital losses election
- Technical release
- 24 May 2019
This guide focuses on the areas of uncertainty in the Finance (No. 2) Act 2017 statutory provisions for rebasing and the changes to the CGT foreign capital losses election. It is formed of questions and answers from ICAEW and other professional bodies, together with comments from HMRC.
Taxguide 07/19: A guide to principal private residence relief
This guide has been superseded by Taxguide 10/21: A guide to principal private residence relief.
TAXguide 06/19: Termination payments
- Technical release
- 12 Apr 2019
A new regime for taxing termination payments was introduced from 6 April 2018. TAXguide 06/19 sets out a number of questions in relation to the changes, with answers provided by HMRC.
Published in 2018
TAXguide 11/18: the settlements legislation
- Technical release
- 02 Jul 2018
In TAXguide 11/18 Sarah Godfrey explores the settlements legislation and what it means for the family business, the Arctic Systems case and HMRC’s views of the rules as they currently apply.
TAXguide 10/18: IR35 contract reviews
- Technical release
- 21 May 2018
In TAXguide 10/18 Kate Cottrell explains the process required to perform an IR35 contract review, problem areas to watch out for, details of HMRC’s free service and what the implications are when things go wrong. Read a summary here, Tax Faculty members can download the full guide.
TAXguide 09/18: simple assessment
- Technical release
- 16 May 2018
In TAXguide 09/18 Caroline Miskin explains what a simple assessment is and how HMRC is using them to reduce the number of taxpayers from self assessment. Read a summary here, Tax Faculty members can download the full guide.
TAXguide 08/18: the corporate interest restriction – a practical guide
- Technical release
- 14 May 2018
In TAXguide 08/18 Anton Hume and Andrew Stewart, BDO LLP, provide a detailed analysis of the corporate interest restriction calculation using practical examples. Read a summary here, Tax Faculty members can download the full guide.
Published in 2017
TAXguide 19/17: High income child benefit charge
- Technical release
- 07 Nov 2017
In TAXguide 19/17, David Kirk provides a step by step explanation of how to calculate the high income child benefit charge and highlights the potential pitfalls. Read a summary here, Tax Faculty members can download the full guide.
TAXguide 18/17: HMRC determinations and special relief
- Technical release
- 03 Nov 2017
In TAXguide 18/17, Caroline Miskin explains what special relief is, when it might apply and the conditions that need to be met to make a formal claim. Read a summary here, Tax Faculty members can download the full guide.
TAXguide 15/17: Inheritance tax - business property relief and groups of companies
- Technical release
- 07 Sep 2017
In TAXguide 15/17, the Tax Faculty has published correspondence between Emma Chamberlain and HMRC relating to the availability of business property relief (BPR) in complex group structures. It extends the guidance offered by TAXguide 05/11 on inheritance tax and BPR.
TAXguide 12/17: CRS - notifying clients
- Technical release
- 30 Jun 2017
An explanation of the legal requirement for financial institutions and professionals to write to clients to whom they have given advice on offshore matters. The guide outlines the rules, suggests how you might comply and provides a draft client letter. Tax Faculty members can download the full guide.
Published before 2017
Exclusive
TAXguide 02/16 (TECH 06/16 TAX)
- Technical release
- 30 Mar 2016
- PDF (344kb)
Company Distributions : transactions in securities regime and liquidation distributions targeted anti-avoidance rule. Note of meeting with HMRC on 26 January 2016 published by ICAEW Tax Faculty.
Exclusive
TAXGUIDE 0116 Transactions in securities: company distributions
- Technical release
- 02 May 2016
- PDF (257kb)
Transactions in securities : company distributions, clearance applications further to draft clause 16, Finance Bill 2016. Exchange of correspondence between ICAEW Tax Faculty and HMRC in January 2016.
TAXguide 13/15
- Technical release
- 22 Dec 2015
- PDF (266kb)
Use of foreign income and gains as loan collateral for a relevant debt - update
TAXguide 12/15
- Technical release
- 06 Nov 2015
- PDF (280kb)
Reforms to the Taxation of Non Domiciles - Meeting notes
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