Week 8
More tax return tips for sole traders
- Article
- 17 Nov 2025
- ICAEW Insights
In the run up to the 31 January 2026 deadline for filing the 2024/25 tax return, ICAEW’s Tax Faculty highlights key points for applying the tax year basis, non-business expenditure and Making Tax Digital (MTD) for income tax.
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Week 7
Tax return tips for sole traders: the cash basis
- Article
- 06 Nov 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains why changes to the cash basis should not be overlooked when completing the self-employment pages of the 2024/25 tax return.
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Week 6
Help with paying tax and claiming tax repayments
- Article
- 03 Nov 2025
- ICAEW Insights
Millions of taxpayers will have tax to pay on submitting their self assessment (SA) tax return for 2024/25, or will be due a tax refund. ICAEW’s Tax Faculty explains how to avoid interest and penalties on late payments and avoid repayment delays.
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Other articles in series
Displaying 1-5 of 5 results
Making the most of capital losses
- Article
- 27 Oct 2025
ICAEW’s Tax Faculty provides a step-by-step guide to capital losses, highlighting areas where mistakes can be made and opportunities may be missed, in the run-up to the income tax self assessment (ITSA) filing deadline.
Student loan repayments and payrolled benefits
- Article
- 21 Oct 2025
ICAEW is reminding taxpayers to complete a new box on their 2024/25 income tax self assessment (ITSA) tax return where their employment income includes payrolled benefits in kind (BIKs) and they make student loan repayments.
CGT tips for 2024/25 tax returns
- Article
- 09 Oct 2025
Avoid errors on 2024/25 self assessment (SA) tax returns with three tips from ICAEW’s Tax Faculty on reporting capital gains and losses and paying capital gains tax (CGT).
£500 tax-free amount for trusts and estates causes confusion
- Article
- 06 Oct 2025
In the second of a series of articles leading up to the 31 January 2026 deadline for submission of self assessment (SA) tax returns, ICAEW’s Tax Faculty highlights changes to the rules for low-income trusts and estates for 2024/25.
Do you need to do a tax return?
- Article
- 26 Sep 2025
In the first of a series of articles leading up to the 31 January 2026 deadline for submission of income tax self assessment (ITSA) tax returns, ICAEW’s Tax Faculty explains why it’s important to check if a tax return is needed for 2024/25.
Displaying 1-5 of 5 results
Useful resources
Displaying 1-9 of 9 results
HMRC working on solution for class 2 NIC issue
- Article
- 13 Jun 2025
HMRC has issued self assessment calculations for 2024/25 collecting class 2 national insurance contributions (NIC) in error. ICAEW’s Tax Faculty explains how the issue has arisen and the action that taxpayers and agents should take.
Taxpayers encouraged to ensure returns are correct and complete
- Article
- 08 Sep 2025
HMRC has published guidance setting out what it expects of taxpayers who are considering applying novel or improbable interpretations of the law, or are uncertain how the law applies when submitting a tax return or similar document.
HMRC targets personal expenditure
- Article
- 11 Aug 2025
HMRC will run a digital campaign to ensure that income tax self assessment (ITSA) taxpayers do not claim tax relief for personal expenditure when completing tax returns for 2024/25.
New process for paying the high income child benefit charge
- Article
- 30 Sep 2025
HMRC’s online service for paying the high income child benefit charge (HICBC) through pay as you earn (PAYE), which was previously announced at the Spring Statement 2025, is now live.
Tax returns and Finance Bill concerns
- Podcast
- 01 Oct 2025
In this episode of The Tax Track, we look ahead to the 2024/25 tax return season, highlighting areas to watch out for, and explain our concerns with draft legislation for Finance Bill 2025/26 that promises to make significant changes to the tax system, particularly for agents.
Paying tax outside self assessment
- Podcast
- 02 Jul 2025
Simple assessment and real-time reporting for capital gains tax (CGT) are two ways for HMRC and taxpayers to sidestep self assessment for income and gains.
Taxing times: cryptoassets in the spotlight
- Podcast
- 01 Apr 2025
Ownership of cryptoassets may be on the rise, but many myths persist when it comes to how they taxed. This episode looks at how accountants can help clients to meet their tax obligations.
Exclusive
Get ahead with 2024/25 tax returns
- Article
- 01 May 2025
Are you aware of the key changes to income tax self assessment (ITSA) returns for 2024/25? From the extension of the cash basis to new tax return boxes for cryptoassets, ICAEW’s Tax Faculty provides a guide, and looks ahead to 2025/26.
Follow the numbers: Frozen personal tax thresholds
- Article
- 01 May 2025
The Office of Budget Responsibility’s latest economic and fiscal outlook, published alongside the Spring Statement on 26 March 2025, shows how the policy to freeze personal tax thresholds is affecting tax revenues and the tax system.
Displaying 1-9 of 9 results