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Latest ICAEW Insights and accountancy news for April 2020

All the latest news about ICAEW and the accountancy profession.

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ICAEW takes action to shape the future of audit

Wednesday 2 December 2020: Chartered accountancy body ICAEW has today set out its vision for the future of audit in a Manifesto based on extensive research among the profession and beyond.

Deadlines for tax consultations extended

30 April: The government has announced new timelines for a number of consultations, including on raising standards in the tax advice market, in the light of the coronavirus pandemic.

ICAEW calls for withdrawal of Finance Bill clauses

27 April: ICAEW has urged government to withdraw and consult on changes to inheritance tax rules on excluded property and the tax liabilities of company directors. It’s also called for the delay to changes to capital gains tax relief for private residences and raised concerns over the recovery of taxes in insolvency cases.

HMRC updates CJRS guidance again

27 April: Updated guidance from HMRC includes how to report wages using RTI, a new calculator and more explanation about who qualifies. ICAEW’s Tax Faculty outlines the changes and shares a new downloadable template.

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