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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

Tax news in brief 17 June 2026
  • Article
  • 17 Jun 2026
Highlights from the broader tax news for the week ending 17 June 2026, including an update from the government on HMRC’s efforts to tackle high street tax fraud.
Plans for mandatory payrolling of benefits in kind revised
  • Article
  • 16 Jun 2026
Only company car, van, fuel and medical benefits in kind (BIK) will be subject to mandatory payrolling from April 2027, with most other benefits not coming within scope until April 2028.
How to deal with furnished holiday lets in 2025/26 tax return
  • Article
  • 16 Jun 2026
Following the abolition of special tax treatment for furnished holiday lets (FHL) with effect from 5 April 2025, ICAEW’s Tax Faculty explains what you need to keep in mind when preparing the self assessment tax return for tax year 2025/26.
Tax changes proposed for UK-resident members of overseas entities
  • Article
  • 16 Jun 2026
The government is seeking views on proposed changes aimed at reducing the high effective tax rate suffered by UK-resident members of reverse hybrid entities, including the United States (US) limited liability company (LLC).
Three things that may surprise you about the summer holiday VAT cut
  • Article
  • 16 Jun 2026
As businesses struggle to get to grips with the temporary reduced rate of VAT applying over the summer holidays, ICAEW’s Tax Faculty highlights three areas which could cause confusion for restaurants, venues and families.
HMRC contacts final group of taxpayers within MTD income tax
  • Article
  • 15 Jun 2026
Mandation letters will be sent to taxpayers who filed their 2024/25 self assessment tax return after the 31 January 2026 deadline or amended their return, taking their qualifying income above £50,000.
ICAEW warns against new requirements for close companies
  • Article
  • 15 Jun 2026
The government’s proposals for close companies to report transactions with participators to HMRC will increase the administrative burden on compliant businesses while doing little to close the tax gap, says ICAEW.
Tax news in brief 10 June 2026
  • Article
  • 10 Jun 2026
Highlights from the broader tax news for the week ending 10 June 2026, including the publication of detailed guidance on HMRC’s new advance tax certainty service.