2018 news releases

ICAEW ready to embrace change in the audit market

Commenting on the audit related announcements by the CMA, Sir John Kingman and Government, Michael Izza, ICAEW Chief Executive.

Power between HMRC and tax-payers is unbalanced, says ICAEW

Tuesday 4th December 2018, Frank Haskew, Head of ICAEW Tax Faculty, comments on the House of Lords Economic Affairs Committee report issued today on The Powers of HMRC: Treating Taxpayers Fairly

Save for your tax bill this Christmas

28 November 2018, Christmas might be getting more expensive for some as this year many people are also having to save for the self assessment payment deadline in the New Year. ICAEW is reminding everyone that, as of 13 January 2018, HMRC no longer accepts personal credit cards.

Government drive to increase exports has a long way to go, says ICAEW

Tuesday 27 November 2018, Research by ICAEW has revealed that just 3% of all businesses and only 7% of SMEs have started exporting in the last two years – despite Governments attempts to encourage more firms to sell internationally and not just to the EU, the UK’s biggest overseas market.

Making Tax Digital should not be mandatory, says ICAEW

Anita Moneith, ICAEW Tax Manager, shares her comments on the House of Lords Economic Affairs Committee report issued today (Thursday 22nd November 2018) on Making Tax Digital for VAT.

Increasing growth celebrated at ICAEW awards

Friday 16 November 2018, The ICAEW Corporate Finance Faculty’s Annual Reception, held last night at Goldsmiths’ Hall in London, presented Coats Group plc with the Corporate Development Award for its outstanding achievements in increasing growth and shareholder value.

Increase in probate fees an abuse of MoJ powers says ICAEW

Thursday 22 November 2018, Plans by the UK Ministry of Justice (MoJ) to drastically raise the fees paid by families to wind up the estate of someone who has died are an abuse of constitutional powers according to ICAEW. Increasing probate fees through statutory instrument (SI), and not through the Finance Bill and ultimately HM Treasury, means that there is a lack of transparency and accountability in a process that will raise funds for the Exchequer.

ICAEW Publish Financial Modelling Code

Wednesday 14 November 2018, Financial modelling drives decision-making throughout the business world, but still there is no universally accepted set of agreed principles for best practice.

ICAEW wins award for education and training provider of the year

12 November 2018, ICAEW has won education and training provider of the year at the Turnaround, Restructuring and Insolvency (TRI) awards.

Deck the halls with tax-free Christmas cheer

13 November 2018, ICAEW is once again reminding employers that they can spread the Christmas joy this year – thanks to the Christmas party tax break. Businesses are able to spend up to £150 per employee each year on entertainment completely tax free. However, when it comes to gifts for staff, only presents which are deemed ‘trivial’ are exempt from tax.