Tax Round-up 2020
This webinar from the Tax Faculty provides a round up of all the measures that are under review and subject to consultation, and how the faculty will be responding.
Expert commentary and practical guidance from ICAEW related to tax evasion and ensuring compliance with UK tax regime.
In the run up to the general election voters might hear discussion about the UK's 'tax gap', but what is it? ICAEW experts describe what this shortfall is, what causes it and whether it is getting bigger.
Based on estimated figures published by HMRC, the tax gap for 2022/23 is £39.8bn, equal to 4.8% of tax liabilities. ICAEW’s Tax Faculty looks at the key figures.
HMRC has written to small businesses who it suspects of misusing their till systems to evade paying tax on sales.
Highlights from the broader tax news for the week ending 17 April 2024, including: how Labour intends to close the tax gap; a change to the form for reporting a residential property gain; and new HMRC guidance for employers on giving foreign tax relief.
The government is exploring options to raise standards in the tax advice market through a strengthened regulatory framework.
PAC has recommended more resources for HMRC so that it can meet its service standards. It has found that HMRC’s approach to off-payroll working is deterring legitimate economic activity.
House of Lords agrees with the Tax Faculty recommendation that the start date for merged scheme for R&D tax relief should be delayed.
HMRC has written to company owners who it believes may have failed to declare dividend income.
In this episode of ICAEW Insights, we look at the issues facing charities in the UK, the increasing focus of regulators, investors and stakeholders on non-financial misconduct and what’s new with tax.
This webinar from the Tax Faculty explores the call for evidence on earlier payment of income and corporation taxes.
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
Expert commentary on how to draw a line between tax planning, tax avoidance and illegal tax evasion, in relation to capital gains tax.
A full chapter providing practical guidance on HMRC powers, covering topics such as appeal procedures, documents and record keeping, time limits for raising assessments, HMRC correction of tax returns and HMRC action to counter tax avoidance schemes.
A full chapter providing practical guidance on company tax returns and dealing with HMRC.
A chapter on HMRC powers in relation to tax penalties.
A chapter on HMRC powers in relation to serial tax avoiders.
A chapter on HMRC powers in relation to disclosure of tax avoidance schemes (DOTAS) rules.
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Contains 39 national reports from experts in international tax law with strong knowledge in the OECD/G20 BEPS Project and EU developments where they discuss their countries' objectives and experiences regarding the impact and implementation of MDR.
A section providing an overview of the UK's anti-avoidance rules relating to corporate taxation. Covers the general anti-abuse rule (GAAR), disclosure of tax avoidance schemes (DOTAS) rules, Pillar Two, transfer pricing legislation, limitations on interest deductibility, the controlled foreign company (CFC) charge, and the legislation on hybrid mismatches.
A chapter summarising HMRC's present strategy with regard to tax avoidance. Includes an overview of the various rules and legislation in this area.
Outlines the difference between HMRC enquiries under self-assessment and discovery assessments. The chapter also addresses settlements, penalties and criminal proceedings and lists the main criminal offences related to tax.
A short section on the corporate offence of failing to prevent the facilitation of tax evasion, as introduced in the Criminal Finances Act 2017 (CFA 2017). This requires accountancy firms to implement reasonable prevention procedures to mitigate the risk of facilitating tax evasion.
An overview of tax evasion and avoidance methods in the UK, with reference to some high-profile tax tribunal cases where legal avoidance schemes were exploited in ways not originally intended by the government or HM Revenue & Customs. The author also suggests some tax reforms that might lead to a 'fairer' system.
How to reduce taxes by moving your business offshore.
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A representation dated 23 May 2024 to a consultation published by HMRC on 6 March 2024.
A briefing for MPs on the Finance Bill by ICAEW Tax Faculty.
ICAEW welcomes the opportunity to provide evidence on the Draft Finance Bill 2023-24 to the House of Lords Economic Affairs Finance Bill Sub-Committee.
A representation dated 13 October 2023 to a consultation published by HM Treasury ahead of the Autumn Statement taking place on 22 November 2023.