Displaying 1-30 of 205 results
INSIGHTS VIEWPOINT
Tax return tips for sole traders: the cash basis
- 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.
INSIGHTS VIEWPOINT
Most businesses and agents see no benefits to MTD income tax
- Nov 2025
- ICAEW Insights
A recent survey of businesses and agents found that while awareness of Making Tax Digital (MTD) for income tax has improved, it is expected to increase costs and time pressures without having any benefits for businesses.
Tax news in brief 4 November 2025
- Nov 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 4 November 2025, including: improvements to HMRC’s MTD software choices tool; and new tax exemptions for compensation payments made to postmasters.
INSIGHTS VIEWPOINT
Help with paying tax and claiming tax repayments
- 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.
INSIGHTS VIEWPOINT
First MTD mandation letters to be sent this month
- Nov 2025
- ICAEW Insights
Sole traders and landlords who filed their 2024/25 self assessment (SA) tax return by the end of August 2025 will be the first to be notified by HMRC that they must comply with Making Tax Digital (MTD) for income tax from April 2026.
INSIGHTS VIEWPOINT
Navigating MTD: cyber threats, insurance, and practical protection
- Oct 2025
- ICAEW Insights
As Making Tax Digital (MTD) for Income Tax approaches, ICAEW’s Professional Standards Team is encouraging members to review their risk management and insurance arrangements.
INSIGHTS VIEWPOINT
Making the most of capital losses
- Oct 2025
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Wealthy taxpayers asked to check if tax return required
- Oct 2025
- ICAEW Insights
HMRC is writing to wealthy taxpayers it believes should have submitted an income tax self assessment (ITSA) tax return for the tax year ended 5 April 2023 but failed to do so.
INSIGHTS VIEWPOINT
Student loan repayments and payrolled benefits
- Oct 2025
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
Draft Welsh Budget sets out changes to land transaction tax
- Oct 2025
- ICAEW Insights
The Welsh Government has ruled out increases to the Welsh rates of income tax and the thresholds for land transaction tax (LTT) for 2026-27 and has announced changes to LTT multiple dwellings relief (MDR).
Tax news in brief 14 October 2025
- Oct 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 14 October 2025, including: an update on HMRC’s service performance; and guidance on the treatment of cryptoasset exchange traded notes.
INSIGHTS VIEWPOINT
Prepare for change with ICAEW’s tax content
- Oct 2025
- ICAEW Insights
Tax return season, the start of Making Tax Digital (MTD) for income tax and the prospect of significant changes to the tax system all pose challenges for the tax profession in the months ahead. Stay informed and earn CPD with ICAEW’s tax content.
INSIGHTS VIEWPOINT
How to avoid errors when signing up clients to MTD income tax
- Oct 2025
- ICAEW Insights
ICAEW’s Tax Faculty is reminding agents of the importance of linking existing authorisations to the agent services account (ASA) before signing up clients for Making Tax Digital (MTD) for income tax.
INSIGHTS VIEWPOINT
CGT tips for 2024/25 tax returns
- Oct 2025
- ICAEW Insights
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).
Tax news in brief 7 October 2025
- Oct 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 7 October 2025, including: an update on testing of Making Tax Digital (MTD) for income tax; and the publication of new HMRC guidance on umbrella companies and residence.
INSIGHTS VIEWPOINT
Taxpayers asked to check dividend income
- Oct 2025
- ICAEW Insights
HMRC is writing to taxpayers who may have failed to include all of their dividend income from shares in UK companies on their income tax self assessment (ITSA) tax return for 2023/24.
INSIGHTS VIEWPOINT
£500 tax-free amount for trusts and estates causes confusion
- Oct 2025
- ICAEW Insights
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.
Exclusive
TAX FACULTY
How to manage risk when taking on cryptoasset clients
- Sep 2025
- ICAEW
- Taxline
David Britton and Louise Lane explain why accountants should be cautious when taking on clients engaged in cryptoasset activities and the steps they can take to balance the opportunities this presents with managing the risks to their practice.
INSIGHTS VIEWPOINT
Digitally excluded can now apply for MTD exemption
- Sep 2025
- ICAEW Insights
HMRC has published guidance on how to apply for an exemption from Making Tax Digital (MTD) for income tax where the taxpayer is digitally excluded.
INSIGHTS VIEWPOINT
Do you need to do a tax return?
- Sep 2025
- ICAEW Insights
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.
Exclusive
TAX FACULTY
Time to talk about tax software
- Sep 2025
- Stephen Relf
- Taxline
In a recent report, the Tax Law Review Committee called on HMRC to take a more active role in setting standards for tax software. Stephen Relf looks at the case for change.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
ICAEW technical roundup: August 2025
- Aug 2025
- ICAEW Insights
HMRC updates on MTD and compliance risks, a tribunal warning on AI use, and ICAEW training on sustainability assurance and guidance on group audits.
INSIGHTS VIEWPOINT
Little comfort for Chancellor as public finances stay in line
- Aug 2025
- ICAEW Insights
Borrowing to fund the deficit in the first four months of the financial year of £60bn was in line with expectations.
INSIGHTS VIEWPOINT
Up to 3 million individuals may need to comply with MTD
- Aug 2025
- ICAEW Insights
ICAEW’s Tax Faculty highlights some of the key figures from HMRC’s latest statistics for Making Tax Digital (MTD) for income tax and explains what they mean for taxpayers, agents and HMRC.
INSIGHTS VIEWPOINT
HMRC offers agents support with MTD for income tax
- Aug 2025
- ICAEW Insights
Agents can now complete an online form to register for support from HMRC to help them prepare for Making Tax Digital (MTD) for income tax. Additionally, HMRC has published content that agents can use in their communications with clients.
INSIGHTS VIEWPOINT
HMRC targets personal expenditure
- Aug 2025
- ICAEW Insights
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.
INSIGHTS VIEWPOINT
In-year CGT rate changes cause tax return errors
- Aug 2025
- ICAEW Insights
HMRC is writing to taxpayers who have submitted their self assessment (SA) tax return for 2024/25 and may have failed to apply the correct rate of capital gains tax (CGT) on disposals made on or after 30 October 2024.
INSIGHTS VIEWPOINT
Have your say on draft Finance Bill legislation
- Jul 2025
- ICAEW Insights
ICAEW's Tax Faculty considers key measures from draft legislation published by the government for the Finance Bill 2025/26, including on MTD income tax, inheritance tax (IHT) reforms, enhanced HMRC powers to tackle tax advisers facilitating non-compliance and agent registration.
INSIGHTS VIEWPOINT
Class 2 NIC issue to continue until September
- Jul 2025
- ICAEW Insights
HMRC is continuing to work on a solution to a problem affecting 2024/25 self assessment tax returns where the person is a sole trader or partner with profits in excess of £12,570.
INSIGHTS VIEWPOINT
Warning: 31 July deadline for paying income tax and NIC
- Jun 2025
- ICAEW Insights
ICAEW’s Tax Faculty is reminding taxpayers to check if they need to make a second payment on account (POA) for 2024/25 by 31 July 2025, and if so, whether they can make a claim to reduce the amount due.
Displaying 1-30 of 205 results
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