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Tax reform

ICAEW’s Tax Faculty draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators. This is underpinned by the faculty’s Ten Tenets for a Better Tax System that set out the characteristics against which it evaluates tax systems and tax policies.

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Ten Tenets for a Better Tax System

The Tax Faculty has formulated Ten Tenets for a Better Tax System. This comprises 10 key characteristics against which to evaluate tax systems and tax policies, which include: simplicity, certainty and reasonableness.
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Building a better UK tax system

As HMRC embarks on a 10-year review of tax administration, ICAEW examines the potential opportunities and challenges to reforming the UK's tax system to be fit for a digital future.
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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 Faculty analysis of UK Budget and fiscal events

ICAEW marks making tax digital’s 10th birthday
  • Article
  • 18 Mar 2025
Ten years ago today, George Osborne laid the foundations for making tax digital (MTD), promising to “abolish the tax return altogether”. ICAEW’s Tax Faculty looks back at the key events and considers the future of MTD.
Ten tax changes taking effect from April 2025
  • Article
  • 28 Feb 2025
ICAEW’s Tax Faculty picks out 10 important changes applying from 1 April 2025 for companies and 6 April 2025 for individuals and unincorporated businesses.
Ten tax changes taking effect from April 2025
  • Article
  • 28 Feb 2025
ICAEW’s Tax Faculty picks out 10 important changes applying from 1 April 2025 for companies and 6 April 2025 for individuals and unincorporated businesses.
Exclusive Investors’ relief: stepping out of the shadows
  • Article
  • 06 Feb 2025
Although not as well known as business asset disposal relief, investors’ relief is just as generous and just as challenging. Stephen Relf and Katherine Ford explain why.
Buyers of residential property to pay more in land tax, warns ICAEW
  • Article
  • 20 Jan 2025
ICAEW explains why buyers of residential property could face increased liabilities to stamp duty land tax (SDLT), and similar taxes in Scotland and Wales, and highlights an area where mistakes could be made.
ICAEW comments on Finance Bill 2024-25
  • Article
  • 16 Dec 2024
ICAEW’s Tax Faculty monitors the progress of Finance Bill 2024-25 and sets out its concerns regarding some aspects of the legislation, including the impact of the mid-year changes to rates of capital gains tax (CGT) on tax returns.
Scottish Budget makes income tax changes
  • Article
  • 09 Dec 2024
The Scottish government has set out its tax plans for 2025 to 2026, announcing changes to the income tax starter and basic rate bands and an increase in the rate of the additional dwelling supplement for land and building transaction tax (LBTT).
Exclusive The tax benefits of employee ownership trusts
  • Article
  • 05 Dec 2024
In the second of two articles on employee ownership trusts (EOTs), Nick Wright explores the capital gains tax exemption for the shareholders of the trading company and the income tax exemption for employees receiving bonuses.
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Tax representations

ICAEW REP 022/25 Transforming business rates
  • Representation
  • 13 Mar 2025
  • PDF (220kb)
A representation dated 3 March 2025 to a consultation published by HM Treasury on 30 October 2024.
ICAEW REP 019/25 Mandatory Payrolling of Benefits in Kind
  • Representation
  • 19 Feb 2025
  • PDF (344kb)
Questions for HMRC submitted by ICAEW Tax Faculty on 19 February 2025.
ICAEW REP 020/25 Personal tax offshore anti-avoidance legislation call for evidence
  • Representation
  • 18 Feb 2025
  • PDF (540kb)
A representation dated 18 February 2025 to a consultation published by HMRC on 30 October 2024.
ICAEW REP 011/25 Carried interest qualifying conditions wef 6-4-2026
  • Representation
  • 31 Jan 2025
  • PDF (648kb)
A representation dated 30 January 2025 to a consultation published by HM Treasury on 30 October 2024.
ICAEW REP 008/25 Tackling the hidden economy expanding tax conditionality to new sectors
  • Representation
  • 28 Jan 2025
  • PDF (125kb)
A representation dated 28 January 2025 to a consultation published by HMRC on 30 October 2024.
ICAEW REP 006/25 Simplifying the taxation of offshore interest
  • Representation
  • 22 Jan 2025
  • PDF (578kb)
A representation dated 22 January 2025 to a consultation published by HMRC on 30 October.
ICAEW REP 005/25 IHT on pensions liability - reporting and payment
  • Representation
  • 22 Jan 2025
  • PDF (632kb)
A representation dated 22 January 2025 to a consultation published by HMRC on 30 October 2024.
ICAEW REP 002/25 New ways to tackle non-compliance
  • Representation
  • 21 Jan 2025
  • PDF (231kb)
A representation dated 17 January 2025 to a consultation published by HMRC on 30 October.
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Watch a Tax Faculty webinar

Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
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