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Tax

The Tax area has information and guidance on technical and practical tax matters. Under each of the topic headings are links to events, the latest tax news and the Tax Faculty’s publications, including guides, webinars and representations.

MTD for income tax is here

Individuals with combined gross income from sole trades or property over £50,000 must now keep digital accounting records and submit quarterly updates to HMRC. 

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Working in tax

Members working in tax need to be aware of the fundamental principles and the standards for tax planning contained in Professional Conduct in Relation to Taxation (PCRT), ICAEW’s Code of Ethics and their anti-money laundering responsibilities and obligations.
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Tax

Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.
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Tax

Business tax

Practical guidance, commentary and support on the taxation of businesses, including: capital allowances, corporation tax, the taxation of partnerships, the self-employed and charities.
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Tax

Making Tax Digital

Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It affects how businesses and other organisations, agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC. MTD has two key elements, MTD for VAT and MTD for income tax.
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Budgets and legislation

Autumn Budget 2025

Chancellor Rachel Reeves delivered her 2025 Budget on 26 November. Read ICAEW's reaction and analysis to the announcements, measures in the Finance Bill 2025/26 and the subsequent Spring Forecast in March 2026.
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Tax administration

Support for agents on the day-to-day practicalities of tax administration with support on HMRC contacts, filing tax returns and making complaints.

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Tax compliance and investigation

Expert commentary and practical guidance from ICAEW related to tax compliance, as defined by HMRC. This includes appeals and investigations, avoidance, evasion, and penalties.

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Tax reform

As part of its strategy to support people everywhere to do business with confidence, ICAEW draws on its members’ expertise to examine hot topics in tax and provide practical solutions to challenges faced by policymakers and regulators.

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Support and content from ICAEW's Tax Faculty

Tax Faculty

Tax is a fast-moving and ever-changing world. Our expert staff and volunteers, and consultation work with government, means we can bring you the latest developments and expert opinions. Join today to access our resources and keep on top tax form.
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Latest tax news

How to estimate your Carbon Border Adjustment Mechanism liability
  • Article
  • 22 Oct 2026
ICAEW explains how new HMRC guidance on the rates and default values for the Carbon Border Adjustment Mechanism (CBAM) should help businesses to estimate their liabilities ahead of CBAM’s introduction on 1 January 2027.
Economy explainers: e-invoicing
  • Article
  • 22 Oct 2026
The UK government has announced that e-invoicing must be used for all VAT invoices from April 2029. ICAEW's experts explain what e-invoicing is and its implications for businesses.
Economy explainers: what is income tax?
  • Helpsheets and support
  • 22 Oct 2026
Income tax is a common topic for pre-Budget speculation. ICAEW experts explain why income tax is important, how it is calculated and what is meant by "fiscal drag".
Agents encouraged to sign in to HMRC online accounts
  • Article
  • 22 Oct 2026
Now that the roll-out of multi factor authentication (MFA) is complete, HMRC is recommending that agents sign into their agent services account (ASA) and online services account (OSA) to ensure that MFA is working correctly and to protect their accounts.
Tax news in brief 21 October 2026
  • Article
  • 21 Oct 2026
Highlights from the broader tax news for the week ending 21 October 2026, including the publication of a new webpage for checking for issues with HMRC services.
Tax relief for travel and accommodation costs: temporary workplaces
  • Article
  • 20 Oct 2026
HMRC is contacting individuals who have come to the UK for a limited period of time to explain the conditions for claiming tax relief for travel and accommodation costs incurred in connection with duties at a temporary workplace.
How to get help ahead of the next MTD deadline on 7 November
  • Article
  • 20 Oct 2026
ICAEW highlights some key points for agents to consider when preparing to submit the second quarterly update under Making Tax Digital (MTD) for income tax, including how to access support from HMRC.
HMRC contacts parents about the high-income child benefit charge
  • Article
  • 20 Oct 2026
In its latest one-to-many campaign, HMRC is writing to taxpayers it thinks should have paid the high-income child benefit charge (HICBC) for 2024/25 and have yet to do so.