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Tax avoidance - articles

Features and articles from ICAEW related to tax avoidance and ensuring compliance with UK tax regime.

Displaying 1-30 of 40 results
Tax news in brief 7 August 2024
  • Aug 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 7 August 2024, including: changes to HMRC’s interest rates; updated guidance from HMRC on publishing a tax strategy; and changes to the form for applying for a healthcare certificate.
Exclusive TAX FACULTY Transfer of assets abroad redefined
  • Jan 2024
  • ICAEW
  • Taxline
Andrew Cockman reviews the Supreme Court decision in Fisher concerning the transfers of assets abroad rules.
FACULTIES ONLINE TAX FACULTY ICAEW briefs MPs on key clauses ahead of Finance Bill debates
  • Jan 2024
MPs are scheduled to start debating Finance Bill 2023-24 on 10 January. ICAEW has produced briefings on R&D, pensions, provision of additional data and promoters of tax avoidance.
FACULTIES ONLINE TAX FACULTY TAX NEWS Committee examines R&D, promoters and data proposals
  • Nov 2023
  • ICAEW
The House of Lords Economic Affairs committee inquiry into the draft Finance Bill 2023-24 received 19 written responses and has heard from five representative bodies, including ICAEW.
FACULTIES ONLINE TAX FACULTY TAX NEWS ICAEW responds to draft Finance Bill 2023-24 provisions
  • Sep 2023
  • ICAEW
The Tax Faculty provided input on measures relating to the proposed merged R&D tax credit scheme, tougher measures for promoters of tax avoidance, changes to data HMRC collects from customers and abolishing the pensions lifetime allowance.
Exclusive TAX FACULTY Understanding the statutory clearance process
  • Aug 2023
  • Nick Wright
  • Taxline
Nick Wright summarises the key case law that is relevant to understand whether HMRC will provide statutory clearance for a transaction.
FACULTIES ONLINE TAX FACULTY TAX NEWS ICAEW responds to consultation on tougher sanctions for tax avoidance promoters
  • Jun 2023
  • ICAEW
HMRC’s proposals would allow a criminal offence to be applied where promoters continue to promote a scheme after a stop notice has been issued, and directors to be disqualified in some situations.
Tax news in brief 21 June 2023
  • Jun 2023
Highlights from the broader tax news for the week ending 21 June 2023, including: employer updates; income record viewer video; deadline to create agent services account for repayment claims; raising awareness of tax avoidance schemes; corporate interest restriction reporting companies; and interactive guidance and gform for self-employed taxpayers working abroad.
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax administration and maintenance day proposals: share your views
  • May 2023
  • ICAEW
ICAEW’s Tax Faculty is seeking input from members on consultations on a range of issues including IR35, cryptoassets, and reform of stamp taxes on shares. Read the full list of consultations and find out who to contact with your views.
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax administration and maintenance day: summary of announcements
  • Apr 2023
  • ICAEW
Simplifying and modernising the tax system and tackling the tax gap – this framed the consultations, calls for evidence and next steps announced on tax administration and maintenance day (TAM day). ICAEW’s Tax Faculty highlights the key points.
Tax news in brief 12 April 2023
  • Apr 2023
Highlights from the broader tax news for the week ending 12 April 2023, including: pension lump sums; HMRC’s Digital Disclosure Service; digital services tax; partnerships holding UK residential property; till system disclosures; and disguised remuneration instalment arrangements.
FACULTIES ONLINE TAX FACULTY TAX NEWS Budget for growth: ICAEW's Tax Faculty assesses key tax measures
  • Mar 2023
  • ICAEW
ICAEW’s Tax Faculty summarises the key tax announcements from the Chancellor’s Budget speech, including pension and capital allowance reforms.
Tax news in brief 8 February 2023
  • Feb 2023
Highlights from the broader tax news for the week ending 8 February 2023
FACULTIES ONLINE TAX FACULTY TAX NEWS Mandatory disclosure rules replace DAC 6 in the UK
  • Jan 2023
  • ICAEW
Cross-border tax avoidance arrangement disclosure rules devised by the OECD (known as the mandatory disclosure rules, or MDR) will enter into force in the UK on 28 March 2023. Arrangements entered into on or after this date must be reported to HMRC under this regime.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC releases tax avoidance scheme summary
  • Dec 2022
  • ICAEW
The annual summary for 2020/21 sets out the estimated amount of tax avoidance carried out in the year, the number and nature of promoters involved, and the action that HMRC is taking against it.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC issues disguised remuneration loan charge discovery assessments
  • Nov 2022
  • ICAEW
ICAEW recommends that taxpayers seek independent advice if they receive an assessment as part of this HMRC campaign.
Exclusive PRACTICE DEPARTMENT Practice Live 2022: Tax Update
  • Nov 2022
  • ICAEW
Rebecca Benneyworth delivered a tax update at Practice Live 2022 covering key topics.
FACULTIES ONLINE TAX FACULTY TAX NEWS Corporation tax rate to increase to 25% from 1 April 2023
  • Oct 2022
  • ICAEW
Following news in October 2022 that the corporation tax rate will increase to 25% from 1 April 2023, the Tax Faculty has updated this article to reflect the confirmed increase in diverted profits tax and additional details have been provided on applying the profit limits and the rules for ring fence profits.
Tax news in brief 20 July 2022
  • Jul 2022
Highlights from the broader tax news for the week ending 20 July 2022, including: EMI valuations; June 2022 import VAT statements; and tax avoidance litigation decisions.
Tax news in brief 13 April
  • Apr 2022
Highlights from the broader tax news for the week ending 13 April 2022, including: naming tax avoidance scheme promoters; managed service company rules; marginal relief calculator; and a survey on NINOs.
FACULTIES ONLINE TAX FACULTY TAX NEWS GAAR Advisory Panel seeks new members
  • Apr 2022
  • ICAEW
HMRC is recruiting three new volunteers to join the General Anti-Abuse Rule Advisory Panel.
FACULTIES ONLINE TAX FACULTY TAX NEWS Finance Bill 2021-22 receives Royal Assent
  • Mar 2022
  • ICAEW
Finance Act 2022 received Royal Assent on 24 February 2022, bringing into law various tax measures with effect from that date, including a package of measures designed to tackle promoters of tax avoidance schemes.
Exclusive TAX FACULTY Gifts with reservation: de minimis and other let-outs
  • Feb 2022
  • Mark McLaughlin
  • Taxline
Mark McLaughlin points out some important exceptions from the inheritance tax gifts with reservation anti-avoidance provisions affecting gifts.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC’s power to issue joint and several liability notices explained
  • Dec 2021
  • ICAEW
HMRC can issue notices to transfer tax liabilities of companies and limited liability partnerships to directors, shadow directors and other individuals connected with managing the business
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax news in brief
  • Nov 2021
Highlights from the broader tax news for the week ending 24 November, including: a warning about potential R&D repayment delays and a campaign to help contractors to spot tax avoidance.
FACULTIES ONLINE TAX FACULTY TAX NEWS Deadline nears for claims under disguised remuneration repayment scheme
  • Sep 2021
ICAEW’s Tax Faculty reminds agents and taxpayers that applications to reclaim tax under the disguised remuneration repayment scheme must be completed and received by HMRC by 30 September 2021.
FACULTIES ONLINE TAX FACULTY TAX NEWS New tax avoidance promoter rules could be clearer, says ICAEW
  • Sep 2021
Draft legislation aimed at tackling promoters of tax avoidance schemes includes subjective terms and tests which are open to interpretation, says ICAEW. The terms should be amended or HMRC guidance created outlining its interpretation to avoid confusion.
Exclusive TAX FACULTY FACULTIES ONLINE Book review: Law and Regulation of Tax Professionals
  • Sep 2021
  • Frank Haskew
  • Taxline
Frank Haskew reviews a timely guide on the UK’s tax regulatory framework
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax news in brief
  • Jun 2021
Highlights from the broader tax news week ending 16 June, which includes: G7 leaders backing global tax commitment; a word of caution on deeds of assignment; guidance on tax avoidance using unfunded pension arrangements; VAT liability of daycare services; and more support on heritage assets.
FACULTIES ONLINE TAX FACULTY TAX NEWS NIC Bill confirms reliefs for Freeports and broadening of DOTAS
  • May 2021
The government has published the National Insurance Contributions Bill, which legislates reliefs for employers of veterans and those operating in Freeports, as well as for the self-employed isolating due to COVID-19. The Bill will also enable upcoming changes to the DOTAS scheme to apply to national insurance avoidance.
Displaying 1-30 of 40 results
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