Displaying 1-30 of 137 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.
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
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
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).
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.
INSIGHTS VIEWPOINT
New process for paying the high income child benefit charge
- Sep 2025
- ICAEW Insights
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.
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.
INSIGHTS VIEWPOINT
Taxpayers encouraged to ensure returns are correct and complete
- Sep 2025
- ICAEW Insights
HMRC has published guidance setting out what it expects of taxpayers who are considering applying novel or improbable interpretations of the law, or are uncertain how the law applies when submitting a tax return or similar document.
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
First corporate criminal offence prosecution
- Sep 2025
- ICAEW Insights
Media reports suggest that an accountancy firm has been charged with failure to prevent the facilitation of UK tax evasion in connection with an alleged research and development (R&D) tax credit repayment fraud.
INSIGHTS VIEWPOINT
ICAEW urges government to reconsider tax changes for charities
- Sep 2025
- ICAEW Insights
ICAEW believes that some of the changes proposed by the government could cause uncertainty and may even discourage potential donors from leaving gifts to charities in their will.
INSIGHTS VIEWPOINT
Temporary non-residents asked to check tax returns
- Aug 2025
- ICAEW Insights
HMRC is writing to taxpayers who ceased to be UK resident for a short period of time and may have failed to declare all of their income and gains on their return to the UK.
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
Companies may have claimed marginal relief in error
- Aug 2025
- ICAEW Insights
HMRC is writing to companies that may have failed to include the correct number of associated companies in their corporation tax return and as a result claimed marginal relief in error.
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
HMRC questions claims for investors’ relief
- May 2025
- ICAEW Insights
HMRC is writing to taxpayers who made a claim for investors’ relief on their 2023/24 income tax self assessment return and do not appear to meet the conditions for relief.
Tax news in brief 13 May 2025
- May 2025
Highlights from the broader tax news for the week ending 13 May 2025, including: tips from HMRC for completing the 2024/25 self assessment tax return; and a HMRC one-to-many campaign relating to research and development (R&D) tax relief.
INSIGHTS VIEWPOINT
MPs call on HMRC to address challenges in tax administration
- May 2025
- ICAEW Insights
Parliament’s Public Accounts Committee’s report reveals the challenges faced by HMRC in administering the increasingly complicated tax system, emphasising the need for simplification, improving trust among taxpayers and learning lessons from the implementation of MTD.
Tax news in brief 7 May 2025
- May 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 6 May 2025, including: a HMRC one-to-many campaign focusing on wealthy individuals; and new and updated tools from HMRC.
Exclusive
TAX FACULTY
Get ahead with 2024/25 tax returns
- May 2025
- ICAEW
- Taxline
Are you aware of the key changes to income tax self assessment (ITSA) returns for 2024/25? From the extension of the cash basis to new tax return boxes for cryptoassets, ICAEW’s Tax Faculty provides a guide, and looks ahead to 2025/26.
INSIGHTS VIEWPOINT
Government announces raft of tax simplification measures
- Apr 2025
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of the key measures announced by the government on 28 April 2025 as part of a tax administration and simplification update, including a welcome delay to plans for mandatory payrolling of benefits in kind (BIK).
Displaying 1-30 of 137 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.