ICAEW’s CPD requirements changed with effect from 1 November 2023. Members must identify which of three CPD categories they fall into and complete the minimum number of CPD hours for that category. Category 3 has the lowest number of minimum hours (for those working in practice this is 20 hours, of which 10 must be verifiable) and category 1 the highest (for those working in practice 40 hours, of which 30 must be verifiable). See here for further guidance.  

ICAEW’s Tax Faculty provides a range of content that can help members keep up to date, and which may count as CPD depending on the circumstances. This includes news; practical articles and more in TAXline; detailed guidance in TAXguides; webinars; and The Tax Track Podcast, which launched in January 2024.  

In case you missed it, the most popular content over the last few months includes: 

• tax news articles alerting members to the passage of Finance (No.2) Act 2024, contact from HMRC ruling out a brightline test for furnished holiday lets and a warning from HMRC relating to VAT bank details fraud; 
• a TAXline article explaining how basis period reform may affect tax returns for 2023/24;
• new TAXguides answering the questions raised at recent webinars on the cash basis, payroll and reward issues for 2024/25 and the taxation of company cars, vans and fuel;
• a webinar covering the latest position on Making Tax Digital income tax self assessment. If you missed it live, the recording is available to watch on demand; and
• The Tax Track Podcast episode where Tax Faculty staff discuss the corporation tax associated companies rules.   

ICAEW members have unrestricted access to these materials and can join the Tax Faculty for no additional cost. 

It is possible to register now for webinars coming-up later in the year. These include a webinar on basis period reform and a webinar on the implications of payrolling benefits in kind.  

Eligible ICAEW member firms also have free access to Bloomsbury Professional’s comprehensive online library, which comprises of  around 80 titles from some of the country’s leading tax and accounting experts. The service provides integrated and up-to-date legislation, HMRC manuals, case summaries and current awareness to support firms in advising clients. 

If you have feedback on ICAEW’s tax content, or suggestions for areas you would like to see covered in future articles, TAXguides or webinars, please contact Stephen Relf.