Don't miss out on what is happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered directly to your mailbox.
Displaying 1-10 of 64 results
HMRC warns agents to review excepted estates
- Article
- 25 Jun 2026
Agents are being encouraged to check that the criteria for excepted estates are met and to consider submitting an IHT 400 where there is doubt as to the valuation of assets and liabilities or the application of allowances.
Significant changes announced at Tax Update 2026
- Article
- 24 Jun 2026
The government launched a raft of consultations on 23 June 2026, including proposals to allow HMRC to recover low value tax debts by deducting instalment payments directly from the taxpayer’s bank account.
Tax news in brief 24 June 2026
- Article
- 24 Jun 2026
Highlights from the broader tax news for the week ending 24 June 2026, including a warning from HMRC for companies claiming the creative industry tax reliefs.
Tax gap widens to 6.4% of total tax liabilities
- Article
- 23 Jun 2026
Based on provisional figures published by HMRC, the tax gap for 2024/25 is £59.2bn (6.4% of total tax liabilities), compared to £52.8bn (6%) for 2023/24. ICAEW’s Tax Faculty gives its initial reaction to the key figures.
HMRC clarifies formal and informal reporting for estates
- Article
- 22 Jun 2026
HMRC has reminded agents of the correct approach when reporting the income received and gains realised during the administration period of a deceased’s estate.
Tax news in brief 17 June 2026
- Article
- 17 Jun 2026
Highlights from the broader tax news for the week ending 17 June 2026, including an update from the government on HMRC’s efforts to tackle high street tax fraud.
Plans for mandatory payrolling of benefits in kind revised
- Article
- 16 Jun 2026
Only company car, van, fuel and medical benefits in kind (BIK) will be subject to mandatory payrolling from April 2027, with most other benefits not coming within scope until April 2028.
How to deal with furnished holiday lets in 2025/26 tax return
- Article
- 16 Jun 2026
Following the abolition of special tax treatment for furnished holiday lets (FHL) with effect from 5 April 2025, ICAEW’s Tax Faculty explains what you need to keep in mind when preparing the self assessment tax return for tax year 2025/26.
Tax changes proposed for UK-resident members of overseas entities
- Article
- 16 Jun 2026
The government is seeking views on proposed changes aimed at reducing the high effective tax rate suffered by UK-resident members of reverse hybrid entities, including the United States (US) limited liability company (LLC).
Three things that may surprise you about the summer holiday VAT cut
- Article
- 16 Jun 2026
As businesses struggle to get to grips with the temporary reduced rate of VAT applying over the summer holidays, ICAEW’s Tax Faculty highlights three areas which could cause confusion for restaurants, venues and families.
Displaying 1-10 of 64 results