ICAEW.com works better with JavaScript enabled.

Tax Faculty

Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.

Tax news

The latest updates on the UK tax system

Tax news in brief

Highlights from the broader tax news for the week ending 23 March 2022, including: guidance on plastic packaging tax that has the force of law; increased interest rates for late payment of tax; and a tax-geared penalty for failure to comply with an information notice.

 

TAXline: March 2022

In this issue, Anita Monteith considers how tax policy levers can affect the most polluting sectors, Angela Clegg outlines changes scheduled for April 2022 and Mark McLaughlin points out some important exceptions from the inheritance tax gifts with reservation rules.

TAXline: February 2022

In this issue, Graham Steele and Will Simpson take a deeper look at the Autumn Budget changes, Lindsey Wicks examines the industry around stamp duty land tax multiple dwellings relief claims and Andrew Cockman reviews the Court of Appeal decision in HMRC v Fisher [2021] EWCA Civ 1438.

TAXline: January 2022

In this issue, Frank Haskew look back at the previous year and predicts what is in store for the months ahead, Mark McLaughlin offers some useful inheritance tax planning points and Richard Jones explains what QAHCs are and how they are taxed differently to other UK companies.

TAXline: December 2021

In this issue, David Wren and Stephen Dale explain how Digital platforms could provide tax authorities with a rich source of data, Lindsey Wicks looks at the effects of the excepted estate rules announced this year and Tina Riches invites you to join a group of tax professionals next year on a climb of Mt Kilimanjaro.

 

TAXguide 19/21 Off-payroll working: cross-border issues

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.

2022 02 17 Basis Period Reform

This webinar from the Tax Faculty will provide a step by step guide to the new rules and how the timing will work.

MTDtalk 2022

In this series of webinars the ICAEW Tax Faculty (Anita Monteith and Caroline Miskin) and guests will provide the latest information and guidance on MTD ITSA, covering topics such as choosing software, the progress of HMRC’s pilot, the practicalities of signing up and answer questions from businesses and practitioners.

Employment taxes update 2022

In this webinar from the Tax Faculty, employment tax experts Kate Upcraft and Ian Holloway provide an update on the key changes in the employment tax arena for 2022.

Representations

ICAEW REP 020-22 Business rates 2021-22

A response dated 22 February 2022 to the technical consultation on the business rates review published by the government on 30 November 2021.

The future of tax

As digital technologies transform the worlds of work and leisure, the UK government grapples with balancing the books while ensuring its tax system is fit for purpose. As HMRC launches its review of the system that underpins the tax system, we take a look at the pressing issues and challenges.

HMRC needs more resource to rebuild the UK's tax system

ICAEW welcomes HMRC’s vision of a more flexible and responsive tax system outlined in the Tax Administration Framework Review but warns that significant challenges, such as creating a single identifier for taxpayers and consolidation of tax systems, can only be met if HMRC is properly resourced.