An ambitious health startup launched in partnership with David Beckham, supplements brand IM8 is harnessing the power of artificial intelligence to achieve dynamic growth. ICAEW Insights talks to CFO Stephen Lo about how.

Storm clouds are gathering over the UK economy despite better-than-expected inflation and GDP growth figures. ICAEW’s Chief Economist Suren Thiru discusses the implications, what you need to know about current economic conditions and key points to watch.

In May, government research confirmed prevalence of cyber attacks on UK businesses, as well as their level of preparedness. Meanwhile, various national bodies and regulators have jointly published advice and guidance on AI agents and cyber security.

The government is taking action to prevent UK-resident companies with foreign permanent establishments (PE) from offsetting losses made by the PE against profits subject to UK corporation tax (CT).

Major consultancies and finance firms cite 'perpetual Know Your Customer (pKYC)' as the future of customer authentication, but ICAEW’s Head of AML, Michelle Giddings, says it may not translate to accountancy.

The rate of VAT on children’s meals and certain activities and attractions will be reduced from 20% to 5% between the 25th of June and the 1st of September 2026. Although this may be welcomed by families, it could pose significant implementation challenges for businesses.

New targeted advance assurance service for R&D launched by ICAEW

The headline authorised mileage rate for approved mileage allowance payments (AMAPs) has increased to 55p per business mile from the 6th of April 2026. This is part of a government package of measures intended to address rising fuel prices.

HMRC does not accept Bills of Exchange as payment of tax liabilities. Taxpayers who enter into arrangements that attempt to use Bills of Exchange in this way could face additional interest and penalties.

The impact of technology on the workforce and continued consolidation are the key factors shaping the future of mid-tier accountancy firms in the UK, confirms ICAEW research.