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Latest tax news

The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.

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Lessons from Ireland on changing the tax year

21-04-2021

If the UK’s tax system is to grasp the opportunities of digitalisation and simplification, it needs to consider moving the start of the tax year. ICAEW Insights spoke to Dr Brian Keegan from Chartered Accountants Ireland about how the Irish navigated the change in 2002.

Simplify late payment penalties and defer CIS changes, says ICAEW

20-04-2021

The new penalty regime for the late payment of income tax and VAT is “overly complex” and needs to be simplified, according to the Tax Faculty’s response to the Finance Bill. It’s also recommending the deferral of changes to the construction industry scheme.

ICAEW updates guidance on engagement letters

13-04-2021

ICAEW’s Technical Advisory Services has updated its support for practitioners on client engagement letters relating to tax services. The Tax Faculty highlight the key changes.

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