Displaying 1-30 of 181 results
INSIGHTS VIEWPOINT
HMRC sets expectations for AI in tax software
- Jan 2026
- ICAEW Insights
HMRC has published guidance for developers on what good use of generative artificial intelligence (AI) looks like in commercial software products that help users to submit tax returns or other information to HMRC.
INSIGHTS VIEWPOINT
Tax code changes for employment expenses and gift aid relief
- Jan 2026
- ICAEW Insights
From April 2026, employment expenses and gift aid will be removed from the tax codes of some taxpayers where HMRC’s data shows that they are unlikely to be accurate or relevant.
Tax news in brief 20 January 2026
- Jan 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 20 January 2026, including: more correspondence from HMRC on Making Tax Digital (MTD) for income tax; and updated guidance from HMRC on the remittance basis.
INSIGHTS VIEWPOINT
Updated guidance on claims for overpayment relief
- Jan 2026
- ICAEW Insights
HMRC has published tips for making a valid claim for overpayment relief. This follows reports by ICAEW members that repayment requests were being rejected over minor administrative points, despite the substance of the claims being correct.
INSIGHTS VIEWPOINT
HMRC support for taxpayers and agents on 31 January
- Jan 2026
- ICAEW Insights
As the deadline for submitting the self assessment (SA) tax return for 2024/25 falls on a Saturday, taxpayers and agents who may need help from HMRC are advised to submit their returns on or before 30 January 2026.
INSIGHTS VIEWPOINT
Have your say on business rates reform
- Jan 2026
- ICAEW Insights
In a business rates call for evidence, the government has asked stakeholders for feedback on areas identified for reform and for their views on the role of business rates in investment decisions.
INSIGHTS VIEWPOINT
Taxpayers may have exceeded BADR lifetime limit
- Jan 2026
- ICAEW Insights
HMRC is writing to taxpayers who made a claim for business asset disposal relief (BADR) in their self assessment tax return for 2024/25 and may have exceeded the lifetime limit of £1m.
INSIGHTS VIEWPOINT
2026: MTD income tax is here and stricter rules for advisers
- Jan 2026
- ICAEW Insights
As always, expect a lot of changes in tax this year – more specifically, how tax advisers file income tax returns for clients, and new HMRC powers, says Lindsey Wicks, Senior Technical Manager, Tax Policy.
INSIGHTS VIEWPOINT
Taxpayers told to watch out for self assessment scams
- Dec 2025
- ICAEW Insights
In a warning to taxpayers, HMRC has revealed that more than 4,800 self assessment scams have been reported since February 2025. Separately, HMRC has launched a new tool for reporting suspicious activity in HMRC online accounts.
INSIGHTS VIEWPOINT
MTD: how to deal with digital refusers
- Dec 2025
- ICAEW Insights
With the watershed for Making Tax Digital (MTD) for income tax just a few months away, Aaron Patrick of Boffix explains how to help your digitally reluctant clients comply.
INSIGHTS VIEWPOINT
Using provisional figures in the tax return
- Dec 2025
- ICAEW Insights
In the run-up to the filing deadline for the 2024/25 self assessment tax return, ICAEW’s Tax Faculty explains why care should be taken when using provisional figures.
INSIGHTS VIEWPOINT
Early tax return filers asked to check claims for investors’ relief
- Dec 2025
- ICAEW Insights
HMRC is writing to taxpayers who submitted their self assessment tax return for 2024/25 before October 2025 where the return included a claim for investors’ relief that HMRC has reason to believe may be invalid.
INSIGHTS VIEWPOINT
Are you ready for MTD income tax?
- Dec 2025
- ICAEW Insights
The final countdown for Making Tax Digital (MTD) for income tax is underway, with the first wave of self‑employed clients and landlords coming into scope from April 2026, followed by further tranches in 2027 and 2028.
INSIGHTS VIEWPOINT
HMRC asks companies and agents to check tax returns
- Dec 2025
- ICAEW Insights
Letters are being sent where HMRC believes that the corporation tax liability declared by the company in its most recent company tax return is much lower than expected compared to similar companies.
INSIGHTS VIEWPOINT
Taxpayers reminded to ensure returns are correct and complete
- Dec 2025
- ICAEW Insights
Following the publication of guidance earlier this year, HMRC is asking wealthy taxpayers to ensure that any legal interpretation applied in a tax return or other document sent to HMRC is "correct in both fact and law”.
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: Key changes impacting business taxation
- Nov 2025
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the changes affecting businesses announced at the Budget, including capital allowances and business rates as well as adjustments to penalty rates for late corporation tax filings and increasing the limits for venture capital reliefs.
INSIGHTS VIEWPOINT
Claiming relief for a trade loss
- Nov 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains the options for claiming relief for a loss made by an individual in their trade and how to give effect to the claim in a tax return.
Tax news in brief 25 November 2025
- Nov 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 25 November 2025, including: the latest advisory fuel rates; and planned downtime for the agent services account and other HMRC services.
INSIGHTS VIEWPOINT
2023/24 tax returns and the remittance basis charge
- Nov 2025
- ICAEW Insights
HMRC is asking individuals who were long-term UK resident and not UK-domiciled (non-doms) to check if they should have included the remittance basis charge in their self assessment (SA) tax return for 2023/24.
INSIGHTS VIEWPOINT
Tax return class 2 NIC issue is resolved, says HMRC
- Nov 2025
- ICAEW Insights
HMRC has confirmed that SA302 tax calculations for 2024/25 issued since 29 September 2025 will show the correct class 2 national insurance contributions (NIC). This follows a fix implemented by HMRC on 27 and 28 September 2025.
INSIGHTS VIEWPOINT
Holding companies asked to check management expenses
- Nov 2025
- ICAEW Insights
HMRC has written to holding companies with overseas subsidiaries asking them to review the tax treatment of any management expenses claimed by the holding company where those expenses may benefit a connected party.
INSIGHTS VIEWPOINT
Employers warned to avoid payroll tax credits schemes
- Nov 2025
- ICAEW Insights
HMRC has published a briefing warning employers and recruitment agencies against using “fraudulent” schemes that claim to reduce employment taxes.
Tax news in brief 18 November 2025
- Nov 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 18 November 2025, including: new guidance from HMRC on the recovery of winter fuel payments; and a new tool for generating reports based on data held in the customs declaration service.
INSIGHTS VIEWPOINT
More tax return tips for sole traders
- Nov 2025
- ICAEW Insights
In the run up to the 31 January 2026 deadline for filing the 2024/25 tax return, ICAEW’s Tax Faculty highlights key points for applying the tax year basis, non-business expenditure and Making Tax Digital (MTD) for income tax.
INSIGHTS VIEWPOINT
Check claims for foreign tax credit relief, says HMRC
- Nov 2025
- ICAEW Insights
HMRC is asking wealthy taxpayers to ensure they meet the criteria for foreign tax credit relief (FTCR), and to consider the terms of the relevant double tax agreement (DTA), before making a claim in their self assessment (SA) tax return for 2024/25.
INSIGHTS VIEWPOINT
HMRC contacts agents about directors’ loan accounts
- Nov 2025
- ICAEW Insights
Agents are being asked to check if their clients’ company tax returns are correct where relief from tax has been claimed in the expectation that a loan made to a participator will be repaid.
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.
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.
Displaying 1-30 of 181 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.