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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 starts in April - are your clients ready?

From April individuals with combined gross income from sole trades or property over £50,000 must 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

Close companies face additional reporting requirements
  • Article
  • 20 Mar 2026
Under new government proposals, close companies will have to report details of transactions with participators to HMRC, including the amount, date and details of the recipient for each transaction.
New duty on electric cars is too complex, says ICAEW
  • Article
  • 20 Mar 2026
ICAEW’s Tax Faculty believes that the new electric vehicle excise duty (eVED) risks creating unnecessary administrative complexity unless it is carefully designed around automation and simplicity from the outset.
Multi-factor authentication for tax agents
  • Article
  • 18 Mar 2026
HMRC is testing multi-factor authentication (MFA) with a small group of agent volunteers ahead of a wider roll-out by the end of June 2026. From 7 April 2026, HMRC will add a new page to the agent’s sign-in journey to help promote awareness of MFA.
Penalty regime for MTD for income tax becomes clearer
  • Article
  • 18 Mar 2026
ICAEW’s Tax Faculty highlights key points from HMRC guidance on the new penalty regime that applies to taxpayers who use Making Tax Digital (MTD) for income tax.
Getting help from HMRC with Making Tax Digital
  • Article
  • 17 Mar 2026
HMRC has informed ICAEW that agents can now resolve Making Tax Digital (MTD) for income tax queries by calling the agent dedicated line and using webchat, and has shared best practice on applying for an exemption.
Tax news in brief 17 March 2026
  • Article
  • 17 Mar 2026
Highlights from the broader tax news for the week ending 17 March 2026, including an update from HMRC on the corporate criminal offence (CCO) rules and a government call for evidence on business systems integration.
Trusts must register with HMRC before reporting a property disposal
  • Article
  • 17 Mar 2026
Updated HMRC guidance requires trusts to be registered with the Trust Registration Service before they can create a capital gains tax on UK property account or submit a paper return, even if the trust is usually exempt.
Taxpayers asked to update provisional and rounded tax return figures
  • Article
  • 16 Mar 2026
HMRC is writing to taxpayers who included provisional or rounded figures in their self assessment (SA) tax return for 2024/25 to ask them to take action within 35 days of the date of the letter.