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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

Foreign branch exemption regime to be made mandatory
  • Article
  • 26 May 2026
The government is taking action to prevent UK-resident companies with foreign permanent establishments (PE) from offsetting losses made by the PE against profits subject to UK corporation tax (CT).
Tax news in brief 26 May 2026
  • Article
  • 26 May 2026
Highlights from the broader tax news for the week ending 26 May 2026, including the introduction of an income tax exemption for kinship allowances.
VAT rate reduced for families over the summer holidays
  • Article
  • 26 May 2026
The rate of VAT on children’s meals and certain activities and attractions will be reduced from 20% to 5% between 25 June and 1 September 2026. Although this may be welcomed by families, it could pose significant implementation challenges for businesses.
New targeted advance assurance service for R&D launched
  • Article
  • 26 May 2026
From 18 May 2026, small or medium-sized enterprises (SMEs) can apply to HMRC for advance assurance on specific, complex or high-risk areas before making a claim for research and development (R&D) tax relief.
Approved mileage rate increased for first time in 15 years
  • Article
  • 22 May 2026
The headline authorised mileage rate for approved mileage allowance payments (AMAPs) has increased to 55p per business mile from 6 April 2026. This is part of a government package of measures intended to address rising fuel prices.
HMRC warns taxpayers against using Bills of Exchange
  • Article
  • 22 May 2026
HMRC does not accept Bills of Exchange as payment of tax liabilities. Taxpayers who enter into arrangements that attempt to use Bills of Exchange in this way could face additional interest and penalties.
Give your views on the single trade window
  • Article
  • 21 May 2026
Stakeholders have until 3 June 2026 to provide feedback to help inform the next stage of HMRC’s work on the development of the UK’s single trade window.
HMRC reminds businesses to register for VAT
  • Article
  • 21 May 2026
Businesses that receive a letter from HMRC telling them they need to register for VAT should check their position carefully and register without delay if necessary.