ICAEW’s CPD requirements changed with effect from 1 November 2023. Members must identify which of three CPD categories they fall into and complete the minimum number of CPD hours for that category. Category 3 has the lowest number of minimum hours (for those working in practice this is 20 hours, of which 10 must be verifiable) and Category 1 the highest (for those working in practice 40 hours, of which 30 must be verifiable). See here for further guidance.  

ICAEW’s Tax Faculty provides a range of content that can help members keep up to date, and which may count as CPD depending on the circumstances. This includes news; practical articles and more in TAXline; detailed guidance in TAXguides; webinars; and The Tax Track Podcast, which launched in January 2024. 

In case you missed it, the most popular content over the last few months includes: 

• the Spring Budget 2024 announcement that furnished holiday let treatment will be abolished from April 2025. More Budget news can be accessed here; 
• the TAXline article setting out the key changes taking effect from 1 April 2024 for companies and 6 April 2024 for businesses;
• the TAXguides covering the taxation of cryptoassets for businesses and individuals;
• the webinar on the taxation of company cars. If you missed it live the recording is available to watch on demand; and
• The Tax Track Podcast where Tax Faculty staff discuss the recent VAT case involving Walker’s Sensations Poppadoms 

ICAEW members have unrestricted access to these materials and can join the Tax Faculty for no additional cost. It is possible to register now for webinars coming-up in April on recent and upcoming changes to payroll, rewards and employment taxes, expanding the cash basis and making tax digital (MTD).  

Eligible ICAEW member firms also have free access to Bloomsbury Professional’s comprehensive online library, which comprises of around 80 titles from some of the country’s leading tax and accounting experts. The service provides integrated and up-to-date legislation, HMRC manuals, case summaries and current awareness to support firms in advising clients. 

If you have feedback on ICAEW’s tax content, or suggestions for areas you would like to see covered in future articles, TAXguides or webinars, please contact Stephen Relf.