Displaying 1-30 of 93 results
INSIGHTS VIEWPOINT
Member reaction to the Budget: ‘Nothing for growth’
- Nov 2025
- ICAEW Insights
ICAEW members deliver a muted response to the Chancellor’s raft of announcements, but express relief that there were no unexpected surprises for business.
INSIGHTS VIEWPOINT
Budget: Key changes to income tax administration, payments and penalties
- Nov 2025
- ICAEW Insights
Easements for Making Tax Digital (MTD) for income tax, penalty reform announcements and changes to self assessment payments.
INSIGHTS VIEWPOINT
Budget: businesses dodge tax bullet, but costs will still bite
- Nov 2025
- ICAEW Insights
The Chancellor delivered a raft of small tax changes, rather than any big tax increases. But despite no increases in business taxes, the Budget offered few reasons to be cheerful.
INSIGHTS VIEWPOINT
Budget: Taxes on property, savings and dividends increased
- Nov 2025
- ICAEW Insights
The rates of income tax on savings, property and dividend income will increase by two percentage points and owners of high value homes will face a new council tax surcharge.
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
UK continues to disappoint in tax competitiveness study
- Oct 2025
- ICAEW Insights
The UK has ranked 32nd overall, and 37th on property taxes, out of the 38 OECD-member countries in the 2025 International Tax Competitiveness Index (ITCI).
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
Economy explainers: how is property taxed?
- Oct 2025
- ICAEW Tax Faculty
Taxes on transactions in, and income from, land and buildings are a frequent topic for pre-Budget speculation. ICAEW’s Tax Faculty explains the rules currently in place for taxing property.
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).
INSIGHTS VIEWPOINT
Welsh Government consults on new legislative process
- Oct 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains how you can have your say on the legislative process for making changes to land transaction tax (LTT) and landfill disposals tax (LDT), including the possible introduction of a finance bill process in Wales.
Exclusive
TAX FACULTY
When is a building a dwelling for SDLT purposes?
- Sep 2025
- Sean Randall
- Taxline
Sean Randall picks out the key points from the stamp duty land tax (SDLT) case of Mudan and highlights areas where advisers should take particular care.
INSIGHTS VIEWPOINT
“Major win” for HMRC in SDLT case
- Aug 2025
- ICAEW Insights
Following a recent court decision, HMRC is warning homebuyers to take care if they are considering claiming a repayment of stamp duty land tax (SDLT) on the basis that the property is in need of repair.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: April 2025
- Apr 2025
- ICAEW Insights
This month’s top stories feature new sanctions for tax advisers; a warning for couples with furnished holiday lets; and a dip in HMRC performance.
Tax news in brief 29 April 2025
- Apr 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 29 April 2025, including: updates to HMRC’s guidance on, and software page for Making Tax Digital (MTD) for income tax; and new guidance on VAT grouping in the care industry.
INSIGHTS VIEWPOINT
Tips for preparing for MTD for income tax
- Apr 2025
- ICAEW Insights
Making Tax Digital (MTD) for income tax will be phased in from April 2026 for many individuals with self employment and/or property income. ICAEW’s Tax Faculty explains the steps that agents can take now to prepare for the changes ahead.
INSIGHTS VIEWPOINT
Don’t forget 30 April ATED deadline, says ICAEW
- Apr 2025
- ICAEW Insights
Companies owning high-value residential property have until 30 April 2025 to comply with their obligations under the annual tax on enveloped dwellings (ATED), including filing returns, claiming reliefs and paying any tax due.
INSIGHTS VIEWPOINT
Warning for couples with furnished holiday lets
- Apr 2025
- ICAEW Insights
Spouses and civil partners that jointly own furnished holiday lets (FHLs) may face increased tax bills from April 2025. ICAEW’s Tax Faculty explains why couples in this position may wish to consider using form 17.
Tax news in brief 19 March 2025
- Mar 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 19 March 2025, including: HMRC guidance on the implications of the abolition of furnished holiday lettings treatment; and help from HMRC with preparing for Making Tax Digital for income tax.
Tax news in brief 12 February 2025
- Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 12 February 2025, including: a reduction in the rates of interest on tax; the publication of help cards for employers; and changes to land transaction tax.
INSIGHTS VIEWPOINT
HMRC contacts companies owning residential property
- Jan 2025
- ICAEW Insights
HMRC is writing to companies that may need to disclose liabilities to the annual tax on enveloped dwellings (ATED), possibly because they have relied on a relief that is not due.
INSIGHTS VIEWPOINT
Buyers of residential property to pay more in land tax, warns ICAEW
- Jan 2025
- ICAEW Insights
ICAEW explains why buyers of residential property could face increased liabilities to stamp duty land tax (SDLT), and similar taxes in Scotland and Wales, and highlights an area where mistakes could be made.
Exclusive
TAX FACULTY
Double the SDLT trouble
- Dec 2024
- Sean Randall
- Taxline
Referring to a recent case in which two lots of stamp duty land tax were paid on a single amount of consideration, Sean Randall cautions advisers to take care when it comes to SDLT.
INSIGHTS VIEWPOINT
Guidance on making claims for foreign tax credit relief
- Dec 2024
- ICAEW Insights
HMRC is writing to taxpayers who claimed relief for foreign tax paid on employment or other income in their self assessment return for 2022/23 and may be considering making a similar claim for 2023/24.
INSIGHTS VIEWPOINT
Residential land tax hike in Wales
- Dec 2024
- ICAEW Insights
In its Budget for 2025-26, the Welsh government has announced that the rates of land transaction tax (LTT) for some purchases of residential property will increase by 1 percentage point.
TAX FACULTY
Tax news in brief 11 December 2024
- Dec 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 11 December 2024, including: an evaluation of rent-a-room relief; a new HMRC tool relating to umbrella companies; and an update on freeports.
INSIGHTS VIEWPOINT
Scottish Budget makes income tax changes
- Dec 2024
- ICAEW Insights
The Scottish government has set out its tax plans for 2025 to 2026, announcing changes to the income tax starter and basic rate bands and an increase in the rate of the additional dwelling supplement for land and building transaction tax (LBTT).
INSIGHTS VIEWPOINT
HMRC nudges taxpayers to declare property income and gains
- Nov 2024
- ICAEW Insights
In its latest one-to-many campaign, HMRC is writing to taxpayers it suspects of failing to declare taxable income from property lettings and/or a taxable profit on the sale of a property.
TAX FACULTY
Tax news in brief 27 November 2024
- Nov 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 27 November 2024, including: updated HMRC advisory fuel rates; new HMRC guidance on Pillar 2; and developments with regard to land transaction tax.
INSIGHTS VIEWPOINT
HMRC provides further guidance on FHL abolition
- Nov 2024
- ICAEW Insights
HMRC has published guidance to clarify issues raised during the consultation on the draft legislation to abolish tax rules for furnished holiday lets (FHLs).
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
Furnished holiday let reform – the last gasp from the March 2024 Budget!
- Nov 2024
- David Missen
- Farming and Rural Business Community News
The recently published details of forthcoming reforms to the tax treatment of Furnished Holiday Lettings (FHL) income, which were initially announced in the 2024 Budget but omitted from the Finance Bill, signal significant changes effective from the end of the 2024/5 tax year. These reforms, which were announced on 30 July, were confirmed as part of the 2024 Budget package.
INSIGHTS VIEWPOINT
CGT and SDLT rates increased in Budget
- Oct 2024
- ICAEW Insights
From 30 October 2024, the main rates of capital gains tax (CGT) will be increased to 18% and 24%. The 10% rate of CGT for disposals attracting business asset disposal relief (BADR) will increase to 14% (from April 2025) and to 18% (from April 2026).
Displaying 1-30 of 93 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.