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Displaying 1-10 of 68 results
Tax gap falls slightly as a percentage of tax liabilities
- Article
- 20 Jun 2025
Based on estimated figures published by HMRC, the tax gap for 2023/24 is £46.8bn, equal to 5.3% of total tax liabilities. ICAEW’s Tax Faculty looks at the key figures.
HMRC updates its guidance on capital allowances
- Article
- 18 Jun 2025
ICAEW’s Tax Faculty provides a summary of recent changes to HMRC’s guidance on capital allowances, including updated guidance on the meaning of “unused and not second-hand" for the purposes of first year allowances (FYAs).
Help write ICAEW’s MTD income tax engagement letter
- Article
- 18 Jun 2025
ICAEW’s Tax Faculty would like feedback from members on a draft engagement letter schedule for Making Tax Digital (MTD) income tax.
Measures to tackle promoters must be better targeted, says ICAEW
- Article
- 17 Jun 2025
ICAEW is concerned that compliant firms will bear the burden of the government’s proposals, not the 20-30 individuals and organisations that promote tax avoidance arrangements.
Have your say on revisions to ICAEW’s disciplinary sanctions
- Article
- 17 Jun 2025
ICAEW is consulting on changes to its Guidance on Sanctions, including the introduction of specific penalties for misconduct relating to professional conduct in relation to taxation (PCRT). The consultation closes on 23 June 2025.
Tax news in brief 17 June 2025
- Article
- 17 Jun 2025
Highlights from the broader tax news for the week ending 17 June 2025, including: the government’s tax policy making principles; and HMRC’s latest Spotlight, covering umbrella companies.
Watch out for winter fuel payment scams, say ICAEW
- Article
- 16 Jun 2025
ICAEW has seen evidence that fraudsters have already begun contacting individuals about winter fuel payments, just days after the government announced that all pensioners in England and Wales will receive the payments later this year.
HMRC working on solution for class 2 NIC issue
- Article
- 13 Jun 2025
HMRC has issued self assessment calculations for 2024/25 collecting class 2 national insurance contributions (NIC) in error. ICAEW’s Tax Faculty explains how the issue has arisen and the action that taxpayers and agents should take.
Employers have until 6 July to file P11Ds for 2024/25
- Article
- 13 Jun 2025
ICAEW’s Tax Faculty reminds employers of the deadline to file forms P11D and P11D(b) and explains how to correct errors.
HMRC given more money for digital services in Spending Review
- Article
- 11 Jun 2025
By 2029/30, nine out of ten customer interactions will be digital self-serve and outbound post will be all but eliminated as HMRC secures additional funding in the Spending Review 2025.
Displaying 1-10 of 68 results