Features and articles
Budget 2024 verdict: big and bold, but borne by business
- Article
- 31 Oct 2024
Chancellor Rachel Reeves focused on delivering economic stability with her wide-ranging first Budget – but short-term tax raising measures worth £40bn fall primarily on the shoulders of business.
Businesses need more time to implement CBAM, says ICAEW
- Article
- 17 Jun 2024
ICAEW believes that businesses will need more time, comprehensive guidance and support if a UK carbon border adjustment mechanism (CBAM) is to be implemented effectively.
UK Export Academy has sustainability in its sights
- Article
- 15 May 2024
A programme of free sustainability-related training during May offers help on dealing with the growing complexity of international trade, particularly for smaller UK-based businesses.
Corporate Reporting Faculty Events 2024
- Listing
- 19 Apr 2024
View upcoming webinars and events from the Corporate Reporting Faculty.
Carbon border adjustment mechanisms: a tool for global decarbonisation
- Article
- 27 Mar 2024
While we track emissions generated within the UK's borders, this often reveals an incomplete picture of the environmental impacts of the goods we consume.
Have your say on the UK's carbon import tax
- Article
- 22 Mar 2024
The government has asked for feedback on the scope, calculation and implementation of its new carbon border adjustment mechanism.
Exclusive
The EU Carbon Border Adjustment Mechanism
- Webinar
- 13 Mar 2024
What will the EU's Carbon Border Adjustment Mechanism mean for UK businesses exporting to the EU?
Taxing carbon
Including carbon border adjustment mechanism (CBAM), climate change levy and carbon price floor.
Businesses need more time to implement CBAM, says ICAEW
- Article
- 17 Jun 2024
ICAEW believes that businesses will need more time, comprehensive guidance and support if a UK carbon border adjustment mechanism (CBAM) is to be implemented effectively.
HMRC confirms VAT treatment of voluntary carbon credits
- Article
- 13 May 2024
With effect from 1 September 2024, the sale of voluntary carbon credits will be standard-rated where the place of supply is the UK.
Have your say on the UK's carbon import tax
- Article
- 22 Mar 2024
The government has asked for feedback on the scope, calculation and implementation of its new carbon border adjustment mechanism.
UK announces introduction of carbon border adjustment mechanism
- Article
- 19 Dec 2023
A carbon pricing mechanism for imports will be implemented by 2027 to support decarbonisation.
How will the EU carbon border adjustment mechanism affect UK businesses?
- Article
- 20 Sep 2023
The EU's carbon border adjustment mechanism enters its transitional phase on 1 October 2023, meaning that UK businesses exporting to the EU must prepare for the changes.
Plastic packaging tax
ICAEW concerned by burden of plastic packaging tax
- Article
- 11 Oct 2023
In its response to HMRC’s consultation regarding plastic packaging tax, ICAEW noted that compliance costs often exceed the tax liability.
HMRC consults on changes to plastic packaging tax
- Article
- 07 Aug 2023
The consultation explores the application of a mass balance approach to determine the amount of chemically recycled plastic in plastic packaging.
Plastic packaging tax: detailed HMRC guidance on penalties
- Article
- 18 Apr 2023
The penalties cover failing to register, submitting a late return, late payments and failing to meet other requirements of plastic packaging tax.
Exclusive
New tax measures for 2022
- Article
- 28 Feb 2022
Angela Clegg outlines changes scheduled for April 2022 involving uncertain tax treatments, plastic packaging tax, residential property developer tax, MTD for VAT, trading licences, QAHCs, reliefs for the creative sector, tonnage tax, and national insurance.
Plastic Packaging Tax: all you need to know before April
- Article
- 13 Jan 2022
The Plastic Packaging Tax comes into force in less than three months. ICAEW, in partnership with RSM, outlines the essentials.
Plastic packaging tax to be introduced in 2022
- Article
- 06 Dec 2021
Just months out from new plastic packaging taxes, businesses need to be ready for government measures to reduce plastic use and pollution. Prinal Nathwani, Holly Grantham and Jayne Harrold take a look at the proposed regimes in the UK and in Spain and Italy.
Impact of COVID dominates HMRC annual report
- Article
- 09 Nov 2021
HMRC’s annual report for 2020-21 confirms that the pandemic impacted not only its day-to-day work, tax revenues and customer service, but has potentially put delivery of the new plastic packaging tax and updating HMRC’s telephony services, at risk. The Tax Faculty outlines the key takeaways.
Autumn Budget 2021: Environmental taxes
- Helpsheets and support
- 02 Nov 2021
ICAEW's Tax Faculty's provides a summary of the announcements on environmental taxes in the Autumn Budget 2021, including landfill tax, plastic packaging tax, aggregates levy and carbon price support mechanism.
Landfill tax
Autumn Budget 2021: Environmental taxes
- Helpsheets and support
- 02 Nov 2021
ICAEW's Tax Faculty's provides a summary of the announcements on environmental taxes in the Autumn Budget 2021, including landfill tax, plastic packaging tax, aggregates levy and carbon price support mechanism.
Spring Budget 2021: Environmental taxes
- Helpsheets and support
- 05 Mar 2021
ICAEW's Tax Faculty's provides a summary of the announcements on environmental taxes in the Spring Budget 2021, covering landfill taxes, the climate change levy, the aggregates levy and carbon price support.
VAT registration threshold to increase
- Article
- 06 Mar 2024
Among the indirect tax Budget announcements is the increase to the VAT registration threshold from 1 April 2024. A new duty on vaping products will also be introduced as well as changes to airport passenger duty and landfill tax rates.
Air passenger duty
These two policy reversals could help close the tax gap
- Article
- 28 Aug 2024
Martyn E Jones, ICAEW past-president and Chair of the Advisory Board, Department of Economics and Finance, Brunel University London, explains the simple decision that could bring in more tax revenues for the UK government.
HMRC drops decision to close self-assessment helpline
- Article
- 20 Mar 2024
HMRC has reversed a decision to close its self-assessment telephone helpline for half of the year. The tax authority announced on Tuesday that the line would be closed between April and September, with taxpayers directed to online services instead. But less than a day later it said the phone line would stay open this summer, the BBC reported. "The pace of this change needs to match the public appetite for managing their tax affairs online," its CEO Jim Harra said.
HMRC’s VAT online service for agents to be decommissioned
- Article
- 26 Mar 2024
Agents should use their agent services account to manage the VAT affairs of all clients going forward.
HMRC corrects advice given on tax relief for boiler repairs
- Article
- 19 Mar 2024
In 2023, HMRC issued a letter stating that boiler upgrades did not constitute a repair. However, HMRC is now contacting affected taxpayers acknowledging that this advice was incorrect.
Committee examines R&D, promoters and data proposals
- Article
- 01 Nov 2023
The House of Lords Economic Affairs committee inquiry into the draft Finance Bill 2023-24 received 19 written responses and has heard from five representative bodies, including ICAEW.
HMRC prompts taxpayer action on register of overseas entities
- Article
- 21 Jul 2023
Following the creation of the register of overseas entities (ROE), beneficial owners of UK properties must now be reported to Companies House. HMRC is now using this new information to identify failures to notify, or errors in individual’s tax affairs.
Treasury Committee Chair shares her priorities with ICAEW tax experts
- Article
- 14 Jul 2023
ICAEW hosts Treasury Committee Chair Harriett Baldwin MP for a discussion on the Committee's upcoming work and the future of tax simplification.
Killer proposition: compliance and advisory services in accountancy
- Article
- 27 Jun 2023
Eric Clapton, Chair of ICAEW’s personal financial planning advisory group, explains how advisory work can make you indispensable to clients.
Aggregates levy
Autumn Budget 2021: Environmental taxes
- Helpsheets and support
- 02 Nov 2021
ICAEW's Tax Faculty's provides a summary of the announcements on environmental taxes in the Autumn Budget 2021, including landfill tax, plastic packaging tax, aggregates levy and carbon price support mechanism.
Spring Budget 2021: Environmental taxes
- Helpsheets and support
- 05 Mar 2021
ICAEW's Tax Faculty's provides a summary of the announcements on environmental taxes in the Spring Budget 2021, covering landfill taxes, the climate change levy, the aggregates levy and carbon price support.
Articles and books in the ICAEW Library collection
The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on environmental taxes. A selection of books on this topic is set out below.
Tolley's orange tax handbook, 2024-25
- Library book
- 2024
- R. Cordara (ed.)
- LexisNexis
Annual two-volume work containing the latest indirect tax legislation. It includes up-to-date legislation and technical material relating to value added tax, stamp taxes, insurance premium tax, landfill tax, aggregates levy and climate change levy.
Tax and sustainability
- Library book
- 2022
- Dan Dickinson [and others]
- LexisNexis
A digest exploring tax's role in helping your organisation to meet its sustainability targets. Covers the plastic packaging tax, R&D and incentives, carbon taxes, green financing, and more.
- View a list of books in our collection on environmental taxes
- View a list of articles in our collection on environmental taxes
To find out how you can borrow books from the Library please see our guide to borrowing books.
You can obtain copies of articles or extracts of books and reports through our document supply service.
Useful links
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
Aggregates Levy
- Website
- 16 Mar 2018
Guidance on the Aggregates Levy for businesses covering rates, reliefs, Tax Information and Impact Notes (TIINs), and the HMRC internal manual.
Air passenger duty for plane operators
- Website
- 16 Mar 2018
Official guidance on Air Passenger Duty including current and historic rates, calculating what you owe, reporting, penalties and appeals, and HMRC internal manuals.
Car fuel data, CO2 and vehicle tax tools
- Website
- 19 Jun 2018
Range of calculators including tools to work out vehicle tax costs for a new or used car, tax costs for all vehicle types, and emissions information on a new or used car.
Climate Change Levy
- Website
- 16 Mar 2018
Guidance on the Climate Change Levy for businesses covering rates, allowances, exemptions, and Tax Information and Impact Notes (TIINs).
Landfill Tax
- Website
- 16 Mar 2018
Guidance on Landfill Tax for businesses covering rates, exemptions, taxable activities, and Tax Information and Impact Notes (TIINs).
Plastic Packaging Tax
- Website
- 14 Jan 2022
A collection of guidance relating to Plastic Packaging Tax, which came into force on 1 April 2022.
UK Emissions Trading Scheme (UK ETS)
- Website
- 10 Sep 2022
Technical guidance and tools to assist relevant parties in complying with their obligations under the UK ETS.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
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