This month in tax: September 2021
By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)
2 June 2021
Ask ICAS webinar series
Ask ICAS is generally held on a Thursday morning at 11 am for a one-hour, topical webinar. Details and sign up can be found at ICAS webinars.
Thursday 3 June, 11am: Ask ICAS: Spring Tax Update - Part 3 – Tax Administration, Timely Payment and Raising Standards in the Tax Advisory Market - we need your views!
Spring Tax Updates part 1 (taxation of individuals) and part 2 (taxation of businesses) can be found as recordings on ICAS.com/webinars
Thursday 10 June, 11am: Ask ICAS: Corporate governance and stewardship – what you need to know.
Thursday 17 June, 10.30am: Ask ICAS: Business finance
Thursday 24 June, 11am: Ask ICAS: Essential tips for starting in practice
Attendees can take advantage of a live Q&A with the webinar presenters or send in their queries in advance to dmenzies@icas.com to be answered live.
Catch up on all previous Ask ICAS webinars
Please note that all the feedback we have received from members during webinars, in Q&As and on a day to day basis is in turn being fed into Government insofar as it relates to policy and to HMRC insofar as it relates to operational and practical matters.
Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.
Justine Riccomini advises on what training and events are taking place as well as the coronavirus and tax resources available to members on the ICAS website and beyond.
- Take a look at events coming up in June and beyond for tax practitioners to read, attend and view online
- The events can add to CPD, enhance knowledge and be of general interest
- ICAS - helping you to keep up to date
ICAS and BPP – Current Tax series
Continuing the tradition of the annual Current Tax for ICAS Members, we will again be offering this popular event in September 2021 and like 2020, we will be online rather than face-to-face.
Current Tax 2021 will consist of one live two-hour session, which will be delivered on two dates in September, and six pre-recorded sessions of around 40 minutes each, which can be viewed at your leisure.
To book, select the date of your choice for the online live session - pre-recorded modules will be available to view in early September.
Online Live, 23 September 2021
Book with BPP
Content
Justine Riccomini from ICAS and Michael Steed from BPP will host and present the live sessions and they will cover areas that Members will need to be aware of as businesses come out of lockdown and start trading in earnest again, including employment taxes and understanding how the new EU VAT e-commerce Directive from 01 July 2021 will affect UK businesses that trade with EU B2C customers.
The pre-recorded sessions will cover:
1. Basic corporation tax mechanics as we head for the new April 2023 landscape – back to the future!
2. Non-Brexit VAT – a roundup of recent VAT issues including the Domestic Reverse Charge, MTD and the scope of the reduced rates for leisure and hospitality businesses;
3. Capital Allowances – a review of the AIA and the new super-deduction, first year allowances on Ultra Low Emission Vehicles, garden pods and the scope of the Structures and Buildings Allowance;
4. Capital Taxes – where are we now?
5. Recent tax cases;
6. Risk Management for ICAS Members.
Questions?
BPP | Tel: 0330 060 3303 | Email: ldicas@bpp.com
Ask ICAS and ICAS Insights webinar series
Ask ICAS is generally held on a Thursday morning at 11 am for a one-hour, topical webinar. Details and sign up can be found at ICAS webinars.
Dates for your diary:
- 9 September – VAT Update – RSM’s Ian Brown updates us on VAT matters
- 14 and 15 September – Insolvency & restructuring conference 2021
- 28 September - CA magazine webinar: How your firm can solve your clients’ 2 biggest problems in 2021, in association with Sage and Satago.
Attendees can take advantage of a live Q&A on all Ask ICAS webinars with the webinar presenters or send in their queries in advance to dmenzies@icas.com to be answered live.
Catch up on all previous Ask ICAS webinars.
Please note that all the feedback we have received from members during webinars, in Q&As and on a day-to-day basis is in turn being fed into Government insofar as it relates to policy and to HMRC insofar as it relates to operational and practical matters.
Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.
ICAS coronavirus hub
ICAS teams have been working across the board to bring you as much up-to-date information as possible in one convenient place. The hub is updated as and when anything develops – try taking a look for further information.
HMRC Technical Information
Agent Update: Issue 87 is out now – note that Agent Update is now produced monthly.
Employer Bulletin: August 2021 issue is out now – note the Employer Bulletin is still published once every two months.
HMRC Talking points: If you have missed one, you can usually catch up later.
Check Employment Status for Tax (CEST) Tool: This webinar is designed to help you understand how HMRC's Check Employment Status for Tax tool, or CEST for short, can help you make robust and accurate status determinations.
Basis Periods: During the webinar we will focus on basis periods. In particular we will look at the different rules that apply to commencement years, the effect on a basis period when there is a change of accounting date and overlapping periods. We also look at some pointers when dealing with a change from sole trader to partnership and vice versa.
The National Minimum Wage – unpaid and expenses-only work
Misunderstanding of whether the National Minimum Wage (NMW) applies to workers who are unpaid or reimbursed on an 'expenses only' basis is a common cause of underpayment.
HMRC is offering three sessions of the National Minimum Wage webinar, where we look at unpaid or expenses only work and the associated minimum wage risk for employers. We will cover internships, volunteers and trial work – looking at where and when the minimum wage should be paid. We will also cover HMRC NMW enforcement and how to put things right.
Register here to book your place
HMRC Community Forums
HMRC has an online customer forum where you can post questions on a range of tax topics that are answered by HMRC experts. The forum now includes “PAYE and Payroll for Employers”.
ICAS Members are encouraged to join this.
The Knowledge Base is a new feature which contains answers to FAQs on a variety of topics and where you can find information on a number of subjects to help with tax matters. Content is regularly updated and new material added.
Anyone can view the forum. To post a question, simply register and create a profile.
A registered forum member can:
- View posts
- Add or post topics / questions
Government consultations
The ICAS tax team responds to many consultations on tax issues and welcomes members’ views to assist in preparing responses. If you have any comments on open consultations let us know.
Details of current consultations on tax issues can be found here:
Fancy volunteering on an ICAS tax committee? Email tax@icas.com to let us know!