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
Hardman Lecture shines spotlight on ‘shadow’ tax advisers
- Article
- 29 Nov 2024
Government efforts to regulate the tax profession will only work if action is taken to target those advisers who don’t interact with HMRC – and don’t want to, says Ray McCann.
HMRC nudges taxpayers to declare property income and gains
- Article
- 28 Nov 2024
In its latest one-to-many campaign, HMRC is writing to taxpayers it suspects of failing to declare taxable income from property lettings and/or a taxable profit on the sale of a property.
HMRC warns against managed service company products
- Article
- 28 Nov 2024
In its latest Spotlight, HMRC warns individuals against using managed service company (MSC) products, and explains the differences between MSC providers and traditional accountants.
Lessons on VAT from New Zealand and Australia
- Article
- 27 Nov 2024
For UK tax policy stakeholders, fascinating case studies of how other countries are approaching VAT can be found on the other side of the world.
Data suggests improvement on HMRC call handling
- Article
- 26 Nov 2024
The latest HMRC performance statistics show some improvement following the investment made in May 2024, as ICAEW continues to press for HMRC to be adequately funded.
Economy explainers: what is MTD?
- Article
- 26 Nov 2024
ICAEW's Tax Faculty sets out the key things taxpayers and agents need to know about Making Tax Digital (MTD), including the timeline for the phased introduction of MTD for income tax self assessment (ITSA).
Free CPD: the latest developments in tax
- Article
- 26 Nov 2024
Keeping up to date with tax policy and practice is a key part of many accountants’ professional development. Whether you’re analysing the implications of the Budget or planning for MTD ITSA, ICAEW has content that can support your CPD.
Tax news in brief 27 November 2024
- Article
- 26 Nov 2024
Highlights from the broader tax news for the week ending 27 November 2024, including: updated HMRC advisory fuel rates; new HMRC guidance on Pillar 2; and developments with regard to land transaction tax.