Working in tax
Members working in tax need to be aware of the fundamental principles and the standards for tax planning contained in Professional Conduct in Relation to Taxation (PCRT), ICAEW’s Code of Ethics and their anti-money laundering responsibilities and obligations.
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Tax
Personal tax
Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.
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Tax
Business tax
Practical guidance, commentary and support on the taxation of businesses, including: capital allowances, corporation tax, the taxation of partnerships, the self-employed and charities.
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Tax
Making Tax Digital
Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It affects how businesses and other organisations, agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC. MTD has two key elements, MTD for VAT and MTD for income tax self assessment (ITSA).
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Budgets and legislation
Autumn Budget 2024
On 30 October 2024, Chancellor Rachel Reeves delivered the Autumn Budget. Read ICAEW's reaction and analysis.
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Tax administration
Support for agents on the day-to-day practicalities of tax administration with support on HMRC contacts, filing tax returns and making complaints.
Find out moreTax compliance and investigation
Expert commentary and practical guidance from ICAEW related to tax compliance, as defined by HMRC. This includes appeals and investigations, avoidance, evasion, and penalties.
Find out moreTax reform
As part of its strategy to support a world of sustainable economies, ICAEW draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators.
Find out moreTax Faculty
Tax is a fast-moving and ever-changing world. Our expert staff and volunteers, and consultation work with government, means we can bring you the latest developments and expert opinions. Join today to access our resources and keep on top tax form.
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Latest tax news
Deadline for providing agent codes extended
- Article
- 20 Nov 2024
Agents now have until 6 December 2024 to send HMRC details of the codes they use for self assessment, VAT and corporation tax.
Why previous efforts to simplify VAT have failed
- Article
- 19 Nov 2024
Fifty years on from its introduction, VAT is a complex tax that taxpayers struggle to understand. Despite attempts at simplification, including by the Office of Tax Simplification itself, VAT remains notoriously complicated. Experts explain why this is the case.
940,000 employers to pay more NIC in 2025/26
- Article
- 19 Nov 2024
Legislation introduced to Parliament provides for the changes to employers’ national insurance contributions (NIC) announced at the Autumn Budget 2024.
Tax news in brief 20 November 2024
- Article
- 19 Nov 2024
Highlights from the broader tax news for the week ending 20 November 2024, including: an update on MTD ITSA; suggestions for HMRC on how to reduce the tax gap; and legislation to enact the changes to business rates announced at the Autumn Budget 2024.
Request overlap information from HMRC by 31 December
- Article
- 18 Nov 2024
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.
HMRC cuts interest rates for tax
- Article
- 18 Nov 2024
The rates at which HMRC charges and pays interest on tax have been reduced to reflect the recent fall in the base rate. As announced in the Autumn Budget 2024, the rates for late payments will increase by 1.5 percentage points from April 2025.
Help ICAEW tackle PAYE liabilities and payments discrepancies
- Article
- 15 Nov 2024
ICAEW’s Tax Faculty is asking employers to provide details on a confidential basis of discrepancies between their records and HMRC’s pay as you earn (PAYE) liabilities and payments records.
Government tests AI chatbot for tax and other questions
- Article
- 12 Nov 2024
Following an initial phase of testing, up to 15,000 people will now be able to ask the government’s generative artificial intelligence (AI) chatbot for help and information on business rules and support, including tax, as part of the current testing phase.