In this episode, we discuss how the Trump administration’s tariffs will hamper the government’s growth plans, the progress made towards Making Tax Digital on its tenth birthday, and how changes to FRS 102 and 105 will affect the nation’s small businesses.

Philippa Lamb is joined in the studio by Iain Wright, Chief Policy and Communications Officer; Caroline Miskin, Senior Technical Manager, Digital Taxation; and Sally Baker, Head of Corporate Reporting Strategy.

Time codes

• 00:41 Trump administration tariffs
• 14:07 Making Tax Digital at 10
• 20:48 Changes to FRS 102 and 105

Links

• ICAEW Insights: https://www.icaew.com/insights
• ICAEW events: https://events.icaew.com 
• ICAEW: Making Tax Digital: https://www.icaew.com/technical/tax/making-tax-digital
• ICAEW: Periodic review of UK GAAP: https://www.icaew.com/technical/corporate-reporting/uk-gaap/periodic-review-of-uk-gaap 
• ICAEW Corporate Reporting Conference (9 June 2025): https://www.icaew.com/learning-and-development/events/corporate-reporting-conference

Host

Philippa Lamb

Guests

• Iain Wright, Chief Policy and Communications Officer, ICAEW
• Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW
• Sally Baker, Head of Corporate Reporting Strategy, ICAEW

Producer

Natalie Chisholm 

Episode first published: 8 April 2025
Podcast recorded: 3 April 2025