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Income tax - articles

Features and articles from ICAEW related to income tax in the UK personal tax regime.

Displaying 1-30 of 232 results
INSIGHTS VIEWPOINT ECONOMIC UPDATE Economy explainers: How student loans work
  • Oct 2026
  • ICAEW Tax Faculty
ICAEW’s Tax Faculty explains the scale of student debt, the different types of student loan plans and how repayments are calculated and made.
INSIGHTS VIEWPOINT Top up your CPD with these free resources
  • Oct 2026
  • ICAEW Insights
Alongside articles, podcasts and technical guidance, ICAEW members can now access specialist e-learning courses. As the CPD year comes to an end, we share a host of free resources to ensure you meet your goals.
INSIGHTS VIEWPOINT Preparing for 2027/28: changes to the calculation of income tax
  • Oct 2026
  • ICAEW Insights
The way in which income tax is calculated will change from April 2027, as separate rates of tax are introduced for property income and changes are made to the beneficial ordering rule for allowances and reliefs.
INSIGHTS VIEWPOINT Tax news highlights from September 2026
  • Oct 2026
  • ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in September 2026 and explains where you can find further information.
INSIGHTS VIEWPOINT Review the roll-out of MTD, says ICAEW
  • Oct 2026
  • ICAEW Insights
In its budget submission, ICAEW has urged the government to conduct a full review of the first reporting cycle under Making Tax Digital (MTD) for income tax before proceeding with the planned roll-out to more taxpayers from April 2027.
Tax news in brief 30 September 2026
  • Sep 2026
  • ICAEW Insights
Highlights from the broader tax news for the week ending 30 September 2026, including HMRC's latest one-to-many campaign, focusing on consultants in the medical sector.
INSIGHTS VIEWPOINT How to: CGT reporting and the self assessment tax return
  • Sep 2026
  • ICAEW Insights
ICAEW is reminding taxpayers and agents completing the self assessment (SA) tax return for 2025/26 to include details of gains that have already been reported, and capital gains tax (CGT) that has already been paid to HMRC. 
INSIGHTS VIEWPOINT Government proposals for distributions risk stifling growth, says ICAEW
  • Sep 2026
  • ICAEW Insights
ICAEW is concerned that the government’s proposals to reform the tax rules applying where a company carries out a reduction or return of share capital could have negative implications for commercial transactions.
INSIGHTS VIEWPOINT Survey reveals mixed views on MTD and HMRC performance
  • Sep 2026
  • ICAEW Insights
The Administrative Burdens Advisory Board’s (ABAB’s) latest annual survey suggests that some improvements are being made in how the tax system is administered, although significant challenges remain.
INSIGHTS VIEWPOINT HMRC promises client lists in the agent services account
  • Sep 2026
  • ICAEW Insights
Responding to feedback from ICAEW and others, HMRC says that it is developing client list functionality within the agent services account (ASA) and aims to complete the work in time for summer 2027.
Exclusive TAX FACULTY Follow the numbers: capital gains tax
  • Sep 2026
  • ICAEW
  • Taxline
ICAEW’s Tax Faculty considers the extent to which changes in the annual exempt amount (AEA) announced in 2022 have contributed to the record amount of capital gains tax (CGT) paid for 2024/25.
INSIGHTS VIEWPOINT HMRC to send 1.8m simple assessment letters for 2025/26
  • Sep 2026
  • ICAEW Insights
Taxpayers may have received a simple assessment letter for 2025/26 over the summer. ICAEW explains why simple assessments are needed, why so many letters are now sent each year, and how taxpayers should respond if they receive one.
INSIGHTS VIEWPOINT Autumn deadlines approach for opting out of the winter fuel payment
  • Sep 2026
  • ICAEW Insights
Pensioners who wish to opt out of receiving the winter fuel payment for winter 2026/27, or the equivalent payment in Scotland, must take action soon, explains ICAEW’s Tax Faculty.
INSIGHTS VIEWPOINT Tax news highlights from August 2026
  • Sep 2026
  • ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in August 2026 and explains where you can find further information.
Tax news in brief 2 September 2026
  • Sep 2026
  • ICAEW Insights
Highlights from the broader tax news for the two weeks ending 2 September 2026, including ICAEW’s response to the government’s consultation on HMRC’s use of data on interest income and card sales.
INSIGHTS VIEWPOINT First MTD income tax submission: how did it go?
  • Aug 2026
  • ICAEW Insights
Tax advisers have started to report back on their experiences of completing Making Tax Digital (MTD) income tax Q1 submissions, and the verdict is mixed.
INSIGHTS VIEWPOINT UK net debt in touching distance of £3.0tn
  • Aug 2026
  • ICAEW Insights
Latest data confirms that the UK’s public finances remain weak, despite taxpayers facing the highest tax burden since the 1960s. The Chancellor faces significant challenges if he is to increase public spending, says ICAEW.
INSIGHTS VIEWPOINT HMRC uses information from third parties to target landlords
  • Aug 2026
  • ICAEW Insights
During August, HMRC sent letters to taxpayers to encourage them to disclose any income from let property and reminds them that they may have responsibilities to meet under Making Tax Digital (MTD) for income tax.
INSIGHTS VIEWPOINT HMRC to begin signing up taxpayers for MTD income tax
  • Aug 2026
  • ICAEW Insights
From September 2026, HMRC will sign up taxpayers within scope of MTD income tax from April 2026 that have not done so themselves. Taxpayers – and agents on their behalf – are encouraged to take action before HMRC does.
INSIGHTS VIEWPOINT Significant concerns raised over plans for earlier payment of income tax
  • Aug 2026
  • ICAEW Insights
In its response to the government’s consultation on more timely payment of income tax self assessment (ITSA), ICAEW has warned that the policy may overburden employers and cause hardship for taxpayers.
Exclusive TAX FACULTY Significant changes proposed to the taxation of distributions
  • Aug 2026
  • ICAEW
  • Taxline
The government’s proposals, set out in a consultation document published on 23 June 2026, have implications across a wide range of areas, including corporate restructuring and the loans to participators and purchase of own shares rules.
Tax news in brief 29 July 2026
  • Jul 2026
  • ICAEW Insights
Highlights from the broader tax news for the week ending 29 July 2026, including guidance from HMRC on student loans and Making Tax Digital (MTD) for income tax.
INSIGHTS VIEWPOINT ONS data revisions see UK deficit fall by £5bn
  • Jul 2026
  • ICAEW Insights
Public sector finance data for June offers positive news for incoming Chancellor John Healey as he searches for money to pay for Andy Burnham’s initial flurry of spending.
MTD-ready software: what ‘recognised’ really means for your practice
  • Jul 2026
  • Sage
With Making Tax Digital (MTD) for Income Tax now underway, many accountants and their clients are asking a simple question: are we ready?
INSIGHTS VIEWPOINT Government publishes draft Finance Bill legislation
  • Jul 2026
  • ICAEW Insights
The government has published draft legislation confirming several policy announcements made at tax update 2026 and earlier, as well as new consultations on a range of areas, including the taxation of predevelopment costs.
INSIGHTS VIEWPOINT 31 July deadline approaches for payments on account
  • Jul 2026
  • ICAEW Insights
ICAEW is reminding taxpayers that they may need to make a payment on account (POA) against their income tax self assessment (ITSA) and class 4 national insurance contributions (NIC) liability for 2025/26 by 31 July 2026.
Tax news in brief 1 July 2026
  • Jul 2026
  • ICAEW Insights
Highlights from the broader tax news for the week ending 1 July 2026, including an update from HMRC on penalties for the late filing of Pillar Two returns.
INSIGHTS VIEWPOINT Tax news highlights from June 2026
  • Jun 2026
  • ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in June 2026 and explains where you can find further information.
INSIGHTS VIEWPOINT Millions of taxpayers face having to pay tax earlier
  • Jun 2026
  • ICAEW Insights
ICAEW’s Tax Faculty explains the government’s proposals for individuals to pay tax due under income tax self assessment (ITSA) in regular instalments during the tax year from April 2029.
INSIGHTS VIEWPOINT Latest numbers confirm UK deficit is up and is £7.7bn overbudget
  • Jun 2026
  • ICAEW Insights
Data for the first two months of the financial year confirm that the government is under significant fiscal, as well as political, pressure. At the end of May the UK deficit was £8.9bn higher than in 2025 and spending was well over budget.
Displaying 1-30 of 232 results
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