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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 117 results
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 TECHNICAL ROUND UP Technical round-up: September 2024
  • Sep 2024
  • ICAEW Insights
This month’s top stories feature ICAEW’s push for Budget tax reforms and a delay in VAT on private school fees, along with a reminder for high earners to submit their 2021/22 tax returns.
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.
INSIGHTS VIEWPOINT HMRC targets persons with significant control
  • Jul 2024
  • ICAEW Insights
In its latest one-to-many campaign, HMRC is writing to persons with significant control (PSC) who have not filed a tax return or may not have declared all their income.
INSIGHTS VIEWPOINT Basis period reform: what you need to know
  • Jun 2024
  • ICAEW Insights
The move from basis periods to the tax year basis for unincorporated businesses means 2023/24 is an important tax year. We look at how to approach the tax return.
Exclusive TAX FACULTY Responding to a professional enquiry
  • May 2024
  • ICAEW
  • Taxline
Should a practitioner automatically respond to a professional clearance request? If so, what is the best way to proceed? Karen Eckstein explains how to deal with what can be a tricky situation.
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 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.
Exclusive TAX FACULTY Basis period reform begins to bite
  • Apr 2024
  • ICAEW
  • Taxline
Financial year 2023/24 is important in the move from basis periods to the tax year basis for unincorporated businesses. Richard Jones looks at how to approach the change.
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 HMRC corrects advice given on tax relief for boiler repairs
  • Mar 2024
  • ICAEW Insights
In 2023, HMRC issued a letter stating that boiler upgrades did not constitute a repair. However, HMRC is now contacting affected taxpayers acknowledging that this advice was incorrect.
FACULTIES ONLINE TAX FACULTY TAX NEWS Legislative changes will allow HMRC to move to digital by default
  • Feb 2024
  • ICAEW
The government has announced improvements and legislative changes intended to increase the use of HMRC’s online income tax services.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC prompts disclosure of CGT liability on sale of shares
  • Feb 2024
  • ICAEW
HMRC has written to taxpayers who may have sold shares and failed to include the disposal on their tax return.
Exclusive TAX FACULTY Changes to the rules for low-income trusts and estates
  • Feb 2024
  • Mei Lim Cooper
  • Taxline
Mei Lim Cooper looks at some of the useful changes made by Finance (No. 2) Act 2023 to simplify the rules for trusts and estates. Most of the measures take effect from 6 April 2024.
FACULTIES ONLINE TAX FACULTY TAX NEWS 1.1 million taxpayers miss self assessment filing deadline
  • Feb 2024
  • ICAEW
While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP ICAEW technical round-up: January 2024
  • Jan 2024
  • ICAEW Insights
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
FACULTIES ONLINE TAX FACULTY TAX NEWS Self assessment tax returns for cryptoasset holders
  • Jan 2024
  • ICAEW
Individuals who received, sold or exchanged cryptoassets may be subject to income tax or capital gains tax (CGT) that should be reported on a self assessment tax return, due by 31 January 2024.
FACULTIES ONLINE TAX FACULTY TAX NEWS Help for postmasters completing 2022/23 tax returns
  • Jan 2024
  • ICAEW
HMRC has advised that postmasters who do not receive a top-up payment in good time to meet the 31 January 2024 filing deadline will not be subject to interest and penalties. HMRC also has a specialised team to deal with queries from postmasters.
FACULTIES ONLINE TAX FACULTY TAX NEWS Self assessment criteria are changing
  • Nov 2023
  • ICAEW
A further change to the criteria for filing a self assessment tax return was announced in the Autumn Statement 2023. More changes are expected as new digital services are rolled out or improved.
Exclusive SMALL PRACTITIONERS COMMUNITY The Challenges of Solely Relying on Compliance Work
  • Nov 2023
  • Futrli by Sage
  • Practicewire
Compliance is traditionally viewed as the cornerstone of accounting practice, dealing with reviewing historical accounts, reporting and preparing tax returns. However, when it comes to building a high-growth, successful firm, there are significant challenges to relying solely on compliance work:
FACULTIES ONLINE TAX FACULTY TAX NEWS Tips for returns for deceased individuals and estates
  • Nov 2023
  • ICAEW
HMRC has issued a set of tips and reminders about self assessment returns for deceased persons and estates in administration.
Displaying 1-30 of 117 results
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