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Tax

The Tax area has information and guidance on technical and practical tax matters. Under each of the topic headings are links to events, the latest tax news and the Tax Faculty’s publications, including guides, webinars and representations.

MTD for income tax is here

Individuals with combined gross income from sole trades or property over £50,000 must now keep digital accounting records and submit quarterly updates to HMRC. 

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Working in tax

Members working in tax need to be aware of the fundamental principles and the standards for tax planning contained in Professional Conduct in Relation to Taxation (PCRT), ICAEW’s Code of Ethics and their anti-money laundering responsibilities and obligations.
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Tax

Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.
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Tax

Business tax

Practical guidance, commentary and support on the taxation of businesses, including: capital allowances, corporation tax, the taxation of partnerships, the self-employed and charities.
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Tax

Making Tax Digital

Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It affects how businesses and other organisations, agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC. MTD has two key elements, MTD for VAT and MTD for income tax.
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Budgets and legislation

Autumn Budget 2025

Chancellor Rachel Reeves delivered her 2025 Budget on 26 November. Read ICAEW's reaction and analysis to the announcements, measures in the Finance Bill 2025/26 and the subsequent Spring Forecast in March 2026.
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Tax administration

Support for agents on the day-to-day practicalities of tax administration with support on HMRC contacts, filing tax returns and making complaints.

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Tax compliance and investigation

Expert commentary and practical guidance from ICAEW related to tax compliance, as defined by HMRC. This includes appeals and investigations, avoidance, evasion, and penalties.

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Tax reform

As part of its strategy to support people everywhere to do business with confidence, ICAEW draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators.

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Support and content from ICAEW's Tax Faculty

Tax Faculty

Tax is a fast-moving and ever-changing world. Our expert staff and volunteers, and consultation work with government, means we can bring you the latest developments and expert opinions. Join today to access our resources and keep on top tax form.
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Latest tax news

How can accountants help to simplify the tax system?
  • Article
  • 06 Jul 2026
At this year’s Hardman Lecture, Bill Dodwell, former Tax Director at the Office of Tax Simplification, examined the complexity of the UK tax system and explained how accountants can help to tackle it.
Tax news in brief 1 July 2026
  • Article
  • 01 Jul 2026
Highlights from the broader tax news for the week ending 1 July 2026, including an update from HMRC on penalties for the late filing of Pillar Two returns.
Tax news highlights from June 2026
  • Article
  • 30 Jun 2026
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in June 2026 and explains where you can find further information.
Most VAT and PAYE payments to be made by direct debit
  • Article
  • 30 Jun 2026
The government is seeking feedback from businesses and other stakeholders on its plans to require VAT and pay as you earn (PAYE) payments to be made by direct debit.
Millions of taxpayers face having to pay tax earlier
  • Article
  • 30 Jun 2026
ICAEW’s Tax Faculty explains the government’s proposals for individuals to pay tax due under income tax self assessment (ITSA) in regular instalments during the tax year from April 2029.
Details emerge of new recklessness offence for taxpayers and agents
  • Article
  • 30 Jun 2026
Taxpayers and agents who recklessly make a statement or declaration to HMRC in relation to a direct tax matter face a custodial sentence and/or a fine under the government’s proposals.
How can we fix HMRC?
  • Video
  • 29 Jun 2026
HMRC has made improvements to its service in recent years, but dealing with the administrator can be a frustrating experience. As part of its work on rebuilding the UK’s tax system, ICAEW’s Tax Faculty has outlined changes it believes will create a better service.
What is wrong with the UK tax system? Have your say
  • Video
  • 29 Jun 2026
ICAEW wants to hear from members on what isn’t working with the tax system and how it can be improved. Share your views and inform ICAEW’s advice on how the UK can build a better tax system.