ICAEW’s CPD requirements changed with effect from 1 November 2023. Members must identify which of the three CPD categories they fall into and complete the minimum number of CPD hours for that category for the year. 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 keeping members up-to-date on the new government’s plans for the tax system, including: Budget to be delivered on 30 October; Delay charging VAT on private school fees, urges ICAEW; and Chancellor promises to improve the tax system;
• a TAXline article looking at a recent case where a software company was successful in challenging HMRC’s decision to reject its claim for research and development (R&D) tax relief;
• TAXguide 02/22: Basis period reform which has been updated to include recent developments and include answers to questions raised by participants on a recent webinar;
• webinars covering international trade and R&D tax relief. Recordings of the webinars are available to watch on demand; and
• The Tax Track Podcast episode where Tax Faculty staff were joined by Rebecca Benneyworth to discuss making tax digital income tax self assessment.    

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, including the webinars on payrolling benefits in kind and the Budget.  

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.