HMRC has informed ICAEW of an issue affecting taxpayers who have signed up to test Making Tax Digital (MTD) for income tax and are required to make payments on account for 2025/2026.

The Finance Bill 2025-26 is set to be the longest Finance Act in almost ten years, impacting on almost all areas of tax and posing significant challenges for taxpayers and agents. In this episode, we look at the implications for individuals and businesses, from the reform of inheritance tax to changes to capital allowances.

This episode covers AI and tax work and ISA 600 on group audits, following the release of two pieces of guidance on the topics.

The new 40% first year allowance (FYA) may benefit some businesses, including those in the leasing sector. However, more businesses could lose out because of the cut in the main rate of the writing down allowance (WDA).

HMRC has published guidance for developers on what good use of generative artificial intelligence (AI) looks like in commercial software products that help users to submit tax returns or other information to HMRC.

The House of Lords has urged the government to extend the deadline for paying inheritance tax (IHT) on pensions assets and for estates with qualifying agricultural and business assets from six months to 12 months.

The government estimates that the average pub in England will save £1,650 in business rates in 2026-27 as a result of measures announced on the 27th of January 2026.

Welsh business confidence fell into negative territory in the fourth quarter of 2025, following the UK-wide slump in growth and confidence.

Mirroring the rest of the country, business confidence in Scotland has dropped to its lowest level since 2022, with ongoing uncertainty and low economic growth, a survey of business leaders has found.

With GenAI use increasing among businesses and firms, some businesses are expecting it to replace junior hours.