ICAEW podcasts

The government has confirmed that taxpayers who are due to join Making Tax Digital (MTD) for income tax from April 2027 will not be given penalty points for late submission of quarterly updates for 2027/28.

For 2027/28 onwards, individuals who are above the state pension age may receive the pension tax allowance in addition to their personal allowance, increasing the amount of income they can receive without having to pay income tax.

There was mixed news for entrepreneurs in the budget, with the announcement of a new capital gains tax relief (CGT) for founders of innovative companies and a cut in the lifetime limit for business asset disposal relief (BADR).

The budget included a range of VAT measures affecting businesses, from e-invoicing and online marketplaces to social housing and electric vehicle charging.

From April 2029, income tax self assessment (ITSA) taxpayers will be required to make automated in-year tax payments (such as through direct debit), with eligible taxpayers being able to opt-in to payments through pay as you earn (PAYE).

Employment tax announcements at budget 2026 included changes to the approved mileage allowance payments, increases to the national living and minimum wages and a reform of the benchmark scale and overseas scale rate payments.

Budget 2026 includes changes to environmental taxes, excise duties and other indirect taxes. ICAEW highlights some of the key measures businesses and advisers should be aware of.

The government announced several changes to income tax at the budget 2026, including a further increase in the rates of tax on savings and property income, effective from April 2027.

Key announcements include changes in the rates of capital allowances, improvements to the process for claiming research and development tax relief and confirmation that the government will not proceed with new reporting requirements for close companies.

Alongside a 20% reduction in business rates liabilities in England for pubs, music venues and social clubs, more generous reliefs have been announced that will bring a further 70,000 businesses out of business rates from April 2027.

With little room for manoeuvre due to global supply challenges and low growth, the Chancellor focused on keeping all stakeholders – especially the markets – calm.

Cyber attacks have become a constant source of concern for organisations, with the use of AI increasing the scale and sophistication of cyber crime.

The UK government has announced plans to further streamline small business reporting requirements and extend suspensions to import tariffs, following recommendations from the Small Business Regulatory Taskforce.

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 the 1st of January 2027.

Saving prompts can provide you with a host of shortcuts, but you should always monitor your prompt library to ensure it is effectively serving your business.

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.

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.

In this episode, recorded from ICAEW’s Annual Conference, we speak to the biggest speakers from across the day about the challenges facing businesses in a variety of sectors, and what can be done about them. From the economy to cybercrime and growing in unpredictable environments, we cover a lot of ground.

On the first ever episode of our new podcast series, The Audit Report – the podcast that looks at the factors shaping modern audit – we’re discussing the long-awaited consultation on Modernising Corporate Reporting. The Department for Business, Innovation, Science and Trade is consulting on what it should look like. What could it mean for auditors?

Identity theft has become one of the most lucrative enterprises for cyber criminals in 2026, according to recent cyber trends reports. With more information about ourselves online than ever, how can we stay protected from identity theft?