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Displaying 1-7 of 7 results
Economy explainers: what is income tax?
- Helpsheets and support
- 07 Nov 2025
Income tax is a common topic for pre-Budget speculation. ICAEW experts explain why income tax is important, how it is calculated and what is meant by "fiscal drag".
Tax return tips for sole traders: the cash basis
- Article
- 06 Nov 2025
ICAEW’s Tax Faculty explains why changes to the cash basis should not be overlooked when completing the self-employment pages of the 2024/25 tax return.
Most businesses and agents see no benefits to MTD income tax
- Article
- 04 Nov 2025
A recent survey of businesses and agents found that while awareness of Making Tax Digital (MTD) for income tax has improved, it is expected to increase costs and time pressures without having any benefits for businesses.
Tax news in brief 4 November 2025
- Article
- 04 Nov 2025
Highlights from the broader tax news for the week ending 4 November 2025, including: improvements to HMRC’s MTD software choices tool; and new tax exemptions for compensation payments made to postmasters.
Help with paying tax and claiming tax repayments
- Article
- 03 Nov 2025
Millions of taxpayers will have tax to pay on submitting their self assessment (SA) tax return for 2024/25, or will be due a tax refund. ICAEW’s Tax Faculty explains how to avoid interest and penalties on late payments and avoid repayment delays.
House of Lords highlights concerns with Finance Bill legislation
- Article
- 03 Nov 2025
Having heard evidence on the draft legislation for Finance Bill 2025-26, including legislation providing for IHT reform, the House of Lords has questioned the government on its proposals to clamp down on promoters of tax avoidance schemes.
First MTD mandation letters to be sent this month
- Article
- 03 Nov 2025
Sole traders and landlords who filed their 2024/25 self assessment (SA) tax return by the end of August 2025 will be the first to be notified by HMRC that they must comply with Making Tax Digital (MTD) for income tax from April 2026.
Displaying 1-7 of 7 results