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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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To succeed digital tax systems must work for all

28 October: The digitalisation of tax offers significant potential benefits for taxpayers and agents, as well as administrations, but these will not be achieved without collaboration agree industry experts at the Wyman Symposium.

Are you planning a virtual Christmas party?

27 October: Organisations wanting to provide some festive cheer for their staff this winter face some difficult challenges. ICAEW’s Tax Faculty outlines the tax considerations that employers will need to think about.

Changes to the third and fourth SEISS grants

22 October 2020: Rishi Sunak has announced that the third SEISS grant will now be based on 40% of average trading profits and businesses temporarily unable to trade due to coronavirus will be eligible.

OTS makes practical suggestions on claims and elections

20 October 2020: The Office of Tax Simplification (OTS) has recommended improvements to tax accounts and the functionality of HMRC’s online forms, alongside backing wider tax agent access to systems in its latest report. ICAEW’s Tax Faculty outlines the key suggestions.

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