Displaying 1-30 of 234 results
INSIGHTS VIEWPOINT
How to deal with furnished holiday lets in 2025/26 tax return
- Jun 2026
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Tax changes proposed for UK-resident members of overseas entities
- Jun 2026
- ICAEW Insights
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).
INSIGHTS VIEWPOINT
HMRC contacts final group of taxpayers within MTD income tax
- Jun 2026
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
ICAEW CHART
Chart of the week: OBR forecast evaluation
- Jun 2026
- ICAEW Insights
Our chart this week looks at the Office of Budget Responsibility’s (OBR) forecast evaluation for the year ended 31 March 2025, showing the very large differences between the OBR’s pre-election March 2024 one-year forecast and the 2024/25 outturn.
Tax news in brief 3 June 2026
- Jun 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 3 June 2026, including a reminder from HMRC for agents not to use clients’ log-in details.
INSIGHTS VIEWPOINT
MTD income tax and claims for averaging relief
- Jun 2026
- ICAEW Insights
In a change to HMRC’s guidance, not all taxpayers who claimed averaging relief in their 2024/25 self assessment (SA) tax return are automatically exempt from Making Tax Digital (MTD) for income tax for 2026/27.
INSIGHTS VIEWPOINT
Tax news highlights from May 2026
- May 2026
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in May 2026 and explains where you can find further information.
Tax news in brief 26 May 2026
- May 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 26 May 2026, including the introduction of an income tax exemption for kinship allowances.
INSIGHTS VIEWPOINT
New tax return requirements for directors cause uncertainty
- May 2026
- ICAEW Insights
Taxpayers carrying on a trade and directors of close companies may find it difficult to comply with new requirements to provide additional information in their self assessment (SA) tax return for 2025/26.
INSIGHTS VIEWPOINT
Tax news highlights from April 2026
- May 2026
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in April 2026 and explains where you can find further information.
INSIGHTS VIEWPOINT
Taxpayers encouraged to sign up to Making Tax Digital
- Apr 2026
- ICAEW Insights
ICAEW is encouraging taxpayers who are required to use Making Tax Digital (MTD) for income tax from April 2026 to sign up now if they have not done so already.
INSIGHTS VIEWPOINT
How to get help with MTD quarterly updates
- Apr 2026
- ICAEW Insights
The first quarterly updates for Making Tax Digital (MTD) for income tax are due for submission to HMRC by 7 August 2026. Join ICAEW’s Tax Faculty at a webinar on 9 July 2026 to learn more.
INSIGHTS VIEWPOINT
End-of-year numbers show UK deficit lower than expected
- Apr 2026
- ICAEW Insights
The Office for National Statistics reports that UK sector net borrowing at the end of the 2025/26 financial year came in £1bn under the Spring Forecast estimate but remained £14bn more than budgeted.
INSIGHTS VIEWPOINT
HMRC updates its guidance on Making Tax Digital exemptions
- Apr 2026
- ICAEW Insights
ICAEW’s Tax Faculty explains the implications of recent changes to HMRC’s guidance on exemptions from Making Tax Digital (MTD) for income tax, including for taxpayers who complete the SA109 supplementary pages to the tax return.
INSIGHTS VIEWPOINT
Give your views on the tax issues facing small businesses
- Apr 2026
- ICAEW Insights
Small businesses and agents can provide feedback on a range of areas, including Making Tax Digital (MTD) for income tax, by completing the Administrative Burdens Advisory Board’s (ABAB) annual survey.
INSIGHTS VIEWPOINT
HMRC clarifies position on Making Tax Digital and cessations
- Apr 2026
- ICAEW Insights
The taxpayer or their agent should notify HMRC by phone or webchat where the taxpayer is within Making Tax Digital (MTD) for income tax from April 2026 but all of their sources of income for MTD income tax ceased before that date.
Tax news in brief 31 March 2026
- Mar 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 31 March 2026, including updates on Making Tax Digital (MTD) for income tax and the Carbon Border Adjustment Mechanism (CBAM).
INSIGHTS VIEWPOINT
HMRC updates its guidance for childminders
- Mar 2026
- ICAEW Insights
Childminders must follow the normal rules for claiming tax relief for expenses and keeping business records from the date that they first come within Making Tax Digital (MTD) for income tax.
Tax news in brief 24 March 2026
- Mar 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 24 March 2026, including updates on Making Tax Digital (MTD) for income tax and the construction industry scheme (CIS).
INSIGHTS VIEWPOINT
Public budget overrun in February pales compared with what is coming
- Mar 2026
- ICAEW Insights
The year-to-date budget overrun jumped to £21bn in February, an unhelpful development for a Chancellor trying to calculate just how much extra she might be able to borrow to bail out households facing large rises in their energy bills.
INSIGHTS VIEWPOINT
Penalty regime for MTD for income tax becomes clearer
- Mar 2026
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Getting help from HMRC with Making Tax Digital
- Mar 2026
- ICAEW Insights
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
- Mar 2026
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Taxpayers asked to update provisional and rounded tax return figures
- Mar 2026
- ICAEW Insights
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.
COMMERCIAL PARTNERSHIPS
Why Accountants Matter More Than Ever in the Age of AI and MTD
- Mar 2026
- Katie Greet, Principal Professional Services Consultant at Intuit QuickBooks
The convergence of Making Tax Digital (MTD) for Income Tax and the accelerated adoption of Artificial Intelligence (AI) by clients is not a threat, but a pivotal moment, forcing the elevation of the accounting profession. This transformation positions accountants as strategic advisors, auditors of AI-assisted data, and guides through digital change.
INSIGHTS VIEWPOINT
Return obligation relaxed for short-term business visitors
- Mar 2026
- ICAEW Insights
The obligation to report non-tax advantaged employment related securities (ERS) data for short-term business visitors (STBV) has been removed where no UK income tax or national insurance contributions (NIC) would be due.
INSIGHTS VIEWPOINT
MTD for income tax: ‘sign up your clients now’
- Mar 2026
- ICAEW Insights
Accountancy practices are encouraged to get moving with client sign-ups as the start date for Making Tax Digital (MTD) for income tax approaches.
INSIGHTS VIEWPOINT
MTD for income tax: delays in changing VAT periods
- Mar 2026
- ICAEW Insights
Businesses and agents who are considering changing VAT accounting periods to align with Making Tax Digital (MTD) for income tax should be aware that HMRC may take longer than normal to approve the change.
Exclusive
TAX FACULTY
HMRC clarifies tax treatment of deferred remuneration
- Feb 2026
- ICAEW
- Taxline
In the second of two articles on deferred remuneration paid to globally mobile or cross-border workers, Adelle Greenwood looks at new HMRC guidance on applying the charge to income tax.
INSIGHTS VIEWPOINT
Prepare for 2026/27: Businesses
- Feb 2026
- ICAEW Insights
April 2026 sees the start of Making Tax Digital (MTD) for income tax, changes to capital allowances and the construction industry scheme (CIS), and the introduction of a new VAT relief for qualifying donations of goods to charities.
Displaying 1-30 of 234 results
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