ICAEW.com works better with JavaScript enabled.

TAX NEWS

Join ICAEW’s latest basis period reform webinar

Article

Published: 10 May 2022 Update History

ICAEW’s Tax Faculty is hosting a webinar to explore HMRC’s options for easing the burden on business owners who may need to submit tax returns from the 2024/25 tax year using estimated figures.

When business owners subject to income tax move to a tax year basis of taxation, there may be a need to use estimated figures for businesses with accounting year end dates that differ from the tax year end. HMRC is currently consulting on potential easements that might remove the need for estimates or reduce the administrative burden involved in correcting them. ICAEW’s Tax Faculty is taking part in the consultation and would love to hear your views on the options being considered and any other ideas you may have.

During the webinar on 16 May, you will have a chance to ask questions and give feedback on the proposals. Richard Jones and Anita Monteith from the Tax Faculty will be joined by Tom Brown, a Senior Policy Adviser in HMRC’s Small Business and Trading Policy Team.

The webinar is open to all ICAEW members. Register here

 
ICAEW Know-How from the Tax Faculty

This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

More support on tax

ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.

Sign up for TAXwireJoin the Tax Faculty
The future of tax after COVID

As digital technologies transform society, the UK government is grappling with balancing the books while ensuring its tax system is fit for purpose. Join us as we take a look at the issues and challenges facing the tax system.

Read more

More from the Tax Faculty

Latest news
Making tax digital image
TAXwire

Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly enewsletter

Practical guidance
Cover
TAXline

Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.

Technical support
Tax Faculty image
Webinars

Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.