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Tax returns - articles

Features and articles from ICAEW related to tax returns under the UK tax regime.

Displaying 1-30 of 122 results
INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: March 2025
  • Mar 2025
  • ICAEW Insights
This month’s top stories feature 300,000 people who no longer need to submit a tax return, 10 tax changes taking effect from this April, and HMRC launching a new agent query resolution service.
INSIGHTS VIEWPOINT MTD income tax will be extended in 2028
  • Mar 2025
  • ICAEW Insights
Alongside the Spring Statement 2025, it was announced that Making Tax Digital (MTD) for income tax will be extended to those with turnover of more than £20,000 from April 2028. Taxpayers in MTD income tax will need to use commercial software for their final tax return.
INSIGHTS VIEWPOINT New tax return box for student loans and payrolled benefits
  • Mar 2025
  • ICAEW Insights
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIKs) may need to complete a new box when submitting their self assessment (SA) return for 2024/25.
INSIGHTS VIEWPOINT CGT adjustment may be needed to 2024/25 tax returns
  • Mar 2025
  • ICAEW Insights
HMRC has published a calculator to work out the adjustment that may be needed to the 2024/25 self assessment tax return as a result of the in-year change to the main rates of capital gains tax (CGT).
INSIGHTS VIEWPOINT ICAEW marks making tax digital’s 10th birthday
  • Mar 2025
  • ICAEW Insights
Ten years ago today, George Osborne laid the foundations for making tax digital (MTD), promising to “abolish the tax return altogether”. ICAEW’s Tax Faculty looks back at the key events and considers the future of MTD.
INSIGHTS VIEWPOINT 300,000 people will no longer need to submit a tax return
  • Mar 2025
  • ICAEW Insights
James Murray MP, Exchequer Secretary to HM Treasury (XST), has used his speech at a joint ICAEW and Chartered Institute of Taxation (CIOT) event to announce a number of changes intended to simplify the tax system and secure tax revenue.
TAX FACULTY Ten tax changes taking effect from April 2025
  • Feb 2025
  • ICAEW
  • Taxline
ICAEW’s Tax Faculty picks out 10 important changes applying from 1 April 2025 for companies and 6 April 2025 for individuals and unincorporated businesses.
INSIGHTS VIEWPOINT Need to know: employee ownership trusts
  • Feb 2025
  • ICAEW Insights
The sale of a company to its employees is on the rise. Nick Wright looks at why and explores the pros and cons and potential structure of an employee ownership trust.
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.
INSIGHTS VIEWPOINT New tax return requirements for sole traders and directors
  • Feb 2025
  • ICAEW Insights
Taxpayers may need to provide more information in their 2025/26 self assessment tax returns as some voluntary requirements have been made mandatory and new mandatory requirements have also been introduced.
INSIGHTS VIEWPOINT HMRC will not accept some in-year trust and estate tax returns
  • Feb 2025
  • ICAEW Insights
Due to the change in the rate of capital gains tax (CGT) from 30 October 2024, trustees and personal representatives (PRs) may need to wait until after the end of the tax year to submit 2024/25 tax returns.
TAX FACULTY What’s CARF got to do with it?
  • Feb 2025
  • ICAEW
  • Taxline
Members of ICAEW’s digital assets working party explore the implications of the government’s plans to implement the Cryptoasset Reporting Framework in the UK with effect from 1 January 2026.
INSIGHTS VIEWPOINT Over one million taxpayers may face £100 penalty
  • Feb 2025
  • ICAEW Insights
HMRC estimates that 1.1 million taxpayers missed the 31 January 2025 deadline for filing their 2023/24 tax return. ICAEW explains the penalties, and why late filers should consider whether an easement applies, or if they have grounds to appeal.
INSIGHTS VIEWPOINT 31 January deadline for public sector pension scheme members
  • Jan 2025
  • ICAEW Insights
ICAEW explains why 31 January 2025 is a key deadline for members of public sector pension schemes disclosing McCloud tax charges and highlights HMRC guidance on completing the 2023/24 tax return where a pension statement is received late.
INSIGHTS VIEWPOINT Update on making tax digital and jointly owned property
  • Jan 2025
  • ICAEW Insights
HMRC has made changes to the making tax digital income tax (MTD IT) notices, mainly relating to income from property. The current self assessment reporting relaxation for joint property will not be available to those in MTD IT.
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.
INSIGHTS VIEWPOINT ICAEW comments on Finance Bill 2024-25
  • Dec 2024
  • ICAEW Insights
ICAEW’s Tax Faculty monitors the progress of Finance Bill 2024-25 and sets out its concerns regarding some aspects of the legislation, including the impact of the mid-year changes to rates of capital gains tax (CGT) on tax returns.
INSIGHTS VIEWPOINT Guidance on making claims for foreign tax credit relief
  • Dec 2024
  • ICAEW Insights
HMRC is writing to taxpayers who claimed relief for foreign tax paid on employment or other income in their self assessment return for 2022/23 and may be considering making a similar claim for 2023/24.
INSIGHTS VIEWPOINT Request overlap information from HMRC by 31 December
  • Nov 2024
  • ICAEW Insights
Taxpayers and agents needing to use HMRC’s online service to obtain overlap relief details for 2023/24 income tax self assessment tax returns are asked to do so by 31 December 2024.
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.
Tax news in brief 16 October 2024
  • Oct 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 16 October 2024, including: an update on the new independent film tax credit; HMRC encourages taxpayers to look online for information; and a HMRC one-to-many campaign relating to 2022/23 tax returns.
INSIGHTS VIEWPOINT Agents asked to finalise 2022/23 tax returns
  • Oct 2024
  • ICAEW Insights
HMRC is writing to agents who have clients with self assessment tax returns for 2022/23 that still include provisional figures.
INSIGHTS VIEWPOINT Non-doms asked to check 2022/23 tax returns
  • Sep 2024
  • ICAEW Insights
HMRC is asking individuals who are not UK-domiciled (non-doms) and are long-term UK residents to check if they should have paid the remittance basis charge for 2022/23.
INSIGHTS VIEWPOINT High earners may need to submit 2021/22 tax returns
  • Sep 2024
  • ICAEW Insights
HMRC is writing to taxpayers whose income exceeded £200,000 in 2021/22 and asking them to check if they should have submitted a tax return for that year.
INSIGHTS VIEWPOINT Tax return fix for student loan deductions
  • Sep 2024
  • ICAEW Insights
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIK) should follow HMRC’s guidance when completing their self assessment (SA) tax return, warns ICAEW.
INSIGHTS VIEWPOINT Taxpayers should check HICBC for 2022/23
  • Aug 2024
  • ICAEW Insights
HMRC is asking taxpayers to amend their 2022/23 tax return if they should have paid the high income child benefit charge (HICBC) and didn’t, or if they declared the wrong amount.
INSIGHTS VIEWPOINT Claims for investors’ relief may not be valid
  • Aug 2024
  • ICAEW Insights
HMRC is writing to taxpayers who claimed for investors’ relief on their 2022/23 income tax self assessment (ITSA) return and do not appear to meet the conditions for the relief.
Exclusive TAX FACULTY How to deal with an information request from a third party
  • Aug 2024
  • Karen Eckstein
  • Taxline
In this, the final article in a three-part series looking at problem areas in practice, Karen Eckstein explores the issues to consider when dealing with a request for information from a bank or another adviser.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: July 2024
  • Jul 2024
  • ICAEW Insights
This month’s top stories include what members might see in the next Budget in October, HMRC writing to persons with significant control for their tax returns, and a warning on workplace nurseries.
INSIGHTS VIEWPOINT 800 agents asked to check tax returns for errors
  • Jul 2024
  • ICAEW Insights
HMRC is writing to agents where the information declared in a client’s tax return for 2022/23 does not match information provided by the client’s employer, or held by HMRC for child benefit purposes.
Displaying 1-30 of 122 results
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