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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.

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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.
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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.
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Spring Budget 2023

On 15 March 2023, Chancellor Jeremy Hunt delivered the Spring Budget, accompanied by a forecast from the Office for Budget Responsibility. Read ICAEW's analysis and reaction.
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Tax Faculty analysis of UK Budget and fiscal events

Tax administration and maintenance day proposals: share your views
  • Article
  • 03 May 2023
ICAEW’s Tax Faculty is seeking input from members on consultations on a range of issues including IR35, cryptoassets, and reform of stamp taxes on shares. Read the full list of consultations and find out who to contact with your views.
Tax administration and maintenance day: summary of announcements
  • Article
  • 27 Apr 2023
Simplifying and modernising the tax system and tackling the tax gap – this framed the consultations, calls for evidence and next steps announced on tax administration and maintenance day (TAM day). ICAEW’s Tax Faculty highlights the key points.
Key measures in Spring Finance Bill 2023
  • Article
  • 23 Mar 2023
The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.
Budget for growth: ICAEW's Tax Faculty assesses key tax measures
  • Article
  • 15 Mar 2023
ICAEW’s Tax Faculty summarises the key tax announcements from the Chancellor’s Budget speech, including pension and capital allowance reforms.
VAT and duties changes in the Spring Budget
  • Article
  • 16 Mar 2023
Find out more about changes to rates, DIY housebuilder claims and the VAT healthcare exemption.
Spring Budget 2023: Tax administration and simplification
  • Article
  • 16 Mar 2023
ICAEW’s Tax Faculty outlines proposals announced at Spring Budget 2023 that aim to improve and simplify tax administration. Disappointingly, there is no additional funding to improve HMRC’s service performance.
Significant changes ahead for business rates
  • Article
  • 21 Mar 2023
ICAEW’s Tax Faculty explains the technical changes to the business rates system announced alongside the Spring Budget.
Exclusive Tax Faculty Budget 2023 update
  • Webinar
  • 17 Mar 2023
The Tax Faculty's essential Budget 2023 round-up webinar.

Tax representations

ICAEW REP 100-23 Draft Finance Bill 2023-24
  • Representation
  • 21 Nov 2023
  • PDF (251kb)
ICAEW welcomes the opportunity to provide evidence on the Draft Finance Bill 2023-24 to the House of Lords Economic Affairs Finance Bill Sub-Committee.
ICAEW REP 107-23 Autumn Statement 2023
  • Representation
  • 16 Oct 2023
  • PDF (266kb)
A representation dated 13 October 2023 to a consultation published by HM Treasury ahead of the Autumn Statement taking place on 22 November 2023.
ICAEW REP 104-23 Evidence to PAC Inquiry
  • Representation
  • 11 Oct 2023
  • PDF (220kb)
Evidence submitted to the Public Accounts Committee on 11 October 2023, following the call for evidence published on 27 July 2023.
ICAEW REP 103-23 Tax incentives for occupational health
  • Representation
  • 11 Oct 2023
  • PDF (274kb)
A representation dated 11 October 2023 to a consultation published by HM Treasury and HM Revenue & Customs on 20 July 2023.
ICAEW REP 101-23 Salary advances - Proposed amendments to regulations
  • Representation
  • 10 Oct 2023
  • PDF (141kb)
A representation dated 4 October 2023 to a consultation published by HMRC on 11 September 2023.
ICAEW REP 102-23 Plastic packaging tax - Chemical recycling and adoption of a mass balance approach
  • Representation
  • 10 Oct 2023
  • PDF (144kb)
A representation dated 10 October 2023 to a consultation published by HM Revenue & Customs on 18 July 2023.
ICAEW REP 096-23 EOTs consultation
  • Representation
  • 28 Sep 2023
  • PDF (175kb)
A representation dated 27 September 2023 to a consultation published by HMRC on 18 July 2023.
ICAEW REP 095-23 R&D Tax reliefs reform
  • Representation
  • 14 Sep 2023
  • PDF (168kb)
A representation dated 14 September 2023 to a consultation published by HMRC on 18 July 2023.

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.
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