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Tax reform

ICAEW’s Tax Faculty draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators. This is underpinned by the faculty’s Ten Tenets for a Better Tax System that set out the characteristics against which it evaluates tax systems and tax policies.

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Ten Tenets for a Better Tax System

The Tax Faculty has formulated Ten Tenets for a Better Tax System. This comprises 10 key characteristics against which to evaluate tax systems and tax policies, which include: simplicity, certainty and reasonableness.
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Building a better UK tax system

As HMRC embarks on a 10-year review of tax administration, ICAEW examines the potential opportunities and challenges to reforming the UK's tax system to be fit for a digital future.
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Autumn Budget 2024

On 30 October 2024, Chancellor Rachel Reeves delivered the Autumn Budget. Read ICAEW's reaction and analysis.
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Tax Faculty analysis of UK Budget and fiscal events

Prepare for 2026/27: Individuals
  • Article
  • 16 Feb 2026
ICAEW’s Tax Faculty provides a summary of some of the key changes affecting individuals from 6 April 2026, including increases to some of the rates of income tax and capital gains tax (CGT), as well as reforms to inheritance tax (IHT).
Carbon Border Adjustment Mechanism begins to take shape
  • Article
  • 12 Feb 2026
The government has published draft regulations for technical consultation setting out how the Carbon Border Adjustment Mechanism (CBAM) will work when it is introduced from 1 January 2027.
Tax news in brief 10 February 2026
  • Article
  • 10 Feb 2026
Highlights from the broader tax news for the week ending 10 February 2026, including: new guidance from HMRC on sharing group structure information; and details of new investment zone tax sites.
Prepare for 2026/27: Employees
  • Article
  • 10 Feb 2026
There is good and bad news for employees for 2026/27 as more low-value benefits can be provided by employers without incurring a tax charge, however the ability to make a claim for tax relief for homeworking expenses is withdrawn.
Government reassures agents on registration and sanctions
  • Article
  • 09 Feb 2026
Statements made by government ministers in the House of Commons provide some comfort that the Finance Bill 2025-26 measures directly affecting agents will be implemented in a reasonable and proportionate manner.
How 2025 winter fuel payments will be taxed
  • Article
  • 05 Feb 2026
ICAEW’s Tax Faculty explains the circumstances in which 2025 winter fuel payments are taxable and how the tax will be collected by HMRC.
Prepare for 2026/27: Employers
  • Article
  • 03 Feb 2026
In the first of a series of articles looking ahead to 2026/27, the Tax Faculty highlights five changes affecting employers from April 2026 including new rules for supply chains and increases in the national minimum wage (NMW).
Winners and losers from capital allowances changes
  • Article
  • 02 Feb 2026
The new 40% first year allowance (FYA) may benefit some businesses, including those in the leasing sector. However, more businesses could lose out because of the cut in the main rate of the writing down allowance (WDA).
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Tax representations

ICAEW REP 013/26 Finance (No. 2) Bill 2025-26 Clauses 163 – 173, Promoter Action Notices
  • Representation
  • 18 Feb 2026
  • PDF (189kb)
A briefing for MP's dated 2 February 2026 on the Finance Bill 2025-26.
ICAEW REP 018/26 Visitor levy in England
  • Representation
  • 18 Feb 2026
  • PDF (307kb)
ICAEW welcomes the opportunity to comment on the Visitor Levy in England published by the Ministry of Housing, Communities and Local Government and HM Treasury on 26 November 2025.
ICAEW REP 017/26 Proposed Regulatory Regime for Sterling-Denominated Systemic Stablecoins
  • Representation
  • 10 Feb 2026
  • PDF (409kb)
A representation dated February 10 2026 to a consultation published by the Bank of England on 10 November 2025.
ICAEW REP 011/26 Finance (No. 2) Bill 2025-26 Clauses 220 –246 and Schedules 19 & 20, Registration of Tax Advisers
  • Representation
  • 28 Jan 2026
  • PDF (208kb)
A briefing for MP's dated 28 January 2026 on the Finance Bill 2025-26.
ICAEW REP 010/26 Finance (No. 2) Bill 2025-26 Clauses 247 – 250 and schedule 21, Conduct of Tax Advisers
  • Representation
  • 28 Jan 2026
  • PDF (203kb)
A briefing for MP's dated 28 January 2026 on the Finance Bill 2025-26.
ICAEW REP 012/26 Finance (No. 2) Bill 2025-26 Clauses 156 - 162 Prohibition of promotion of Certain Tax Avoidance Arrangements
  • Representation
  • 28 Jan 2026
  • PDF (185kb)
A briefing for MP's dated 28 January 2026 on the Finance Bill 2025-26.
ICAEW REP 004/26 Finance Bill 2025-26 Clause 62 and Schedule 12 Inheritance Tax: Agricultural Property Relief and Business Property Relief
  • Representation
  • 08 Jan 2026
  • PDF (265kb)
A briefing for MPs on the Finance Bill 2025-26, dated 8 January 2026.
ICAEW REP 005/26 Finance Bill 2025-26 Clauses 63 – 68 Inheritance Tax: Pension interests
  • Representation
  • 08 Jan 2026
  • PDF (300kb)
A briefing for MPs on the Finance Bill 2025-26, dated 8 January 2026.
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Watch a Tax Faculty webinar

Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
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