ICAEW.com works better with JavaScript enabled.

Tax reform

ICAEW’s Tax Faculty draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators. This is underpinned by the faculty’s Ten Tenets for a Better Tax System that set out the characteristics against which it evaluates tax systems and tax policies.

Contents
Back to top
Empty office
Man in business suit
Two people in an office

Ten Tenets for a Better Tax System

The Tax Faculty has formulated Ten Tenets for a Better Tax System. This comprises 10 key characteristics against which to evaluate tax systems and tax policies, which include: simplicity, certainty and reasonableness.
Read more

Building a better UK tax system

As HMRC embarks on a 10-year review of tax administration, ICAEW examines the potential opportunities and challenges to reforming the UK's tax system to be fit for a digital future.
Read more

Autumn Budget 2024

On 30 October 2024, Chancellor Rachel Reeves delivered the Autumn Budget. Read ICAEW's reaction and analysis.
Read more

Tax Faculty analysis of UK Budget and fiscal events

Tax news in brief 4 November 2025
  • Article
  • 04 Nov 2025
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.
Help with paying tax and claiming tax repayments
  • Article
  • 03 Nov 2025
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.
Wealthy taxpayers asked to check if tax return required
  • Article
  • 27 Oct 2025
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.
UK continues to disappoint in tax competitiveness study
  • Article
  • 24 Oct 2025
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).
Draft Welsh Budget sets out changes to land transaction tax
  • Article
  • 21 Oct 2025
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).
HMRC encourages good taxpayer intermediation
  • Article
  • 17 Oct 2025
HMRC has published a statement explaining the standards it expects of intermediaries, including accountants, employers and financial advisers, and the steps it will take to tackle the minority of intermediaries who cause harm to the tax system.
Tax news in brief 7 October 2025
  • Article
  • 08 Oct 2025
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.
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.
View all

Tax representations

ICAEW Rep 082/25 Finance Bill Sub-Committee - Call For Evidence on Draft Finance Bill Clauses For Reforming Inheritance Tax
  • Representation
  • 06 Nov 2025
  • PDF (275kb)
A representation dated 7 October 2025 to a consultation published by House of Lords Economic Affairs Finance Bill Sub-Committee on 17 September 2025.
ICAEW Representation 089/25 SME Audit Market Study Emerging Findings
  • Representation
  • 05 Nov 2025
  • PDF (253kb)
A representation dated 17 October 2025 to a consultation published by the Financial Reporting Council on 17 July 2025.
ICAEW Rep 91/25 Autumn Budget 2025
  • No content type
  • 15 Oct 2025
  • PDF (536kb)
An ICAEW representation to HM Treasury ahead of the Autumn Budget on 26 November 2025.
ICAEW REP 073/25 Policy paper Income Tax — changes to Employee Car Ownership Schemes
  • Representation
  • 15 Sep 2025
  • PDF (186kb)
A representation dated 15 September 2025 to a consultation published by HMRC on 21 July 2025.
ICAEW REP 072/25 Policy paper better use of new and improved third-party data
  • Representation
  • 15 Sep 2025
  • PDF (244kb)
A representation dated 15 September 2025 to a consultation published by HMRC on 21 July 2025.
ICAEW REP 071/25 Policy paper Proposals to close in on promoters of marketed tax avoidance
  • Representation
  • 15 Sep 2025
  • PDF (177kb)
A representation dated 15 September 2025 to a consultation published by HMRC on 21 July 2025.
ICAEW REP 070/25 Policy paper Enhancing HMRC’s powers: tackling tax adviser facilitated non-compliance
  • Representation
  • 15 Sep 2025
  • PDF (227kb)
A representation dated 15 September 2025 to a consultation published by HMRC on 21 July 2025.
ICAEW REP 068/25 Draft Finance Bill 2025/26 Legislation: Reforms to Agricultural and Business Property Reliefs
  • Representation
  • 15 Sep 2025
  • PDF (274kb)
A representation dated 15 September 2025 to a consultation published by HMRC Treasury on 21 July 2025.
View more

Watch a Tax Faculty webinar

Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
Register now
Cameraman filming