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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

940,000 employers to pay more NIC in 2025/26
  • Article
  • 19 Nov 2024
Legislation introduced to Parliament provides for the changes to employers’ national insurance contributions (NIC) announced at the Autumn Budget 2024.
Tax news in brief 20 November 2024
  • Article
  • 19 Nov 2024
Highlights from the broader tax news for the week ending 20 November 2024, including: an update on MTD ITSA; suggestions for HMRC on how to reduce the tax gap; and legislation to enact the changes to business rates announced at the Autumn Budget 2024.
HMRC provides further guidance on FHL abolition
  • Article
  • 12 Nov 2024
HMRC has published guidance to clarify issues raised during the consultation on the draft legislation to abolish tax rules for furnished holiday lets (FHLs).
Tax news in brief 13 November 2024
  • Article
  • 12 Nov 2024
Highlights from the broader tax news for the week ending 13 November 2024, including: the publication of Finance Bill 2024/25; new guidelines for compliance from HMRC; and an update on the single trade window.
Budget measures you may have missed
  • Article
  • 06 Nov 2024
ICAEW’s Tax Faculty picks out some important measures announced at Autumn Budget 2024 which didn’t make the headlines on the day.
Changes to indirect taxes made in Autumn Budget 2024
  • Article
  • 05 Nov 2024
ICAEW’s Tax Faculty provides a round-up of indirect tax measures announced in the Budget on 30 October 2024, including VAT, duties and the carbon border adjustment mechanism (CBAM).
Tax Faculty Autumn Budget Update 2024
  • Webinar
  • 01 Nov 2024
The Tax Faculty's essential Autumn Budget 2024 update.
ICAEW welcomes increased funds for HMRC in Autumn Budget
  • Article
  • 30 Oct 2024
HMRC has received additional investment, with its budget for 2024/25 increasing from £4.7bn to £5.2bn, and its initial budget for 2025/26 set at £5.8bn. However, HMRC is expected to make savings of £107m in 2025/26 from continuous improvement.
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Tax representations

ICAEW REP 081/24 Industrial Strategy consultation response
  • Representation
  • 27 Nov 2024
  • PDF (446kb)
A representation dated 24 November 2024 to a consultation published by the Department for Business and Trade on 14 October 2024.
ICAEW REP 072/24 Update of HMRC capital allowances guidance
  • Representation
  • 15 Oct 2024
  • PDF (309kb)
ICAEW written comments relating to HMRC’s update of its capital allowances guidance.
ICAEW REP 071/24 TPC consultation on tribunal decision procedures
  • Representation
  • 15 Oct 2024
  • PDF (308kb)
A representation dated 10 October 2024 to a consultation published by The Tribunals Procedure Committee on 30 July 2024.
ICAEW REP 070/24 Business Tax Roadmap
  • Representation
  • 30 Sep 2024
  • PDF (162kb)
A letter sent from Frank Haskew, Head of Tax, ICAEW, to James Murray MP, Exchequer Secretary to the Treasury.
ICAEW REP 065/24 ICAEW Autumn Budget submission 2024
  • Representation
  • 18 Sep 2024
  • PDF (313kb)
Ahead of the Budget on 30 October, ICAEW has published its submission to the Chancellor. ICAEW urges the government to put incentivising growth at the heart of the Budget, with recommendations including: long-term fiscal planning, a fundamental review of the tax system and investment in skills and green technologies.
ICAEW REP 068/24 Furnished holiday lettings tax regime abolition
  • Representation
  • 13 Sep 2024
  • PDF (149kb)
A comment dated 13 September on the draft legislation, draft explanatory note and policy paper covering the furnished holiday lettings tax regime abolition published by HMRC on 29 July 2024.
ICAEW REP 067/24 Applying VAT to private school fees
  • Representation
  • 13 Sep 2024
  • PDF (266kb)
A comment dated 13 September on the Applying VAT to Private School Fees and Removing the Business Rates Charitable Rates Relief for Private Schools Technical Note published by HM Treasury on 29 July 2024.
ICAEW REP 066/24 R&D Briefing for MPs
  • Representation
  • 12 Sep 2024
  • PDF (211kb)
A update to the new government dated 29 July 2024.
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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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