Mandation letters will be sent to taxpayers who filed their 2024/25 self assessment tax return after the 31 January 2026 deadline or amended their return, taking their qualifying income above £50,000.

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.

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).

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.

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.

Last year CEO pay rose 20 times faster than workers’ pay, according to new research from Oxfam and the International Trade Union Confederation. At the most extreme end of that pay scale, investors approved an executive package for Elon Musk worth a potential $1tn.

The government’s proposals for close companies to report transactions with participators to HMRC will increase the administrative burden on compliant businesses while doing little to close the tax gap, says ICAEW.

Scope 3 emissions can be very difficult for financial services firms to calculate, given they supply services to businesses across all sizes and sectors. ICAEW has published a series of case studies to help.

ICAEW is urging members to share their experiences of the regulatory burdens facing small and medium-sized businesses in the UK, as it works with government to improve legislation and support growth.

Do boards need to shelve box ticking in favour of boosting profits? ICAEW’s inaugural Boardroom Debate will explore this topical issue.