Trump tariffs update and HMRC service standards

In this episode, we discuss the latest developments in President Trump’s tariffs rollout and how they may affect UK businesses. We also explore a new joint report by ICAEW and the Chartered Institute of Taxation into HMRC service standards, which includes research findings from 31 agent firms.

Philippa Lamb is joined in the studio by ICAEW’s Iain Wright, Managing Director of Reputation and Influence, and Ed Saltmarsh, Technical Manager for VAT and Customs.

Time codes

• 00:52 Trump tariffs update
• 15:17 HMRC service standards 

Links

• ICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor 
• ICAEW-CIOT event: 20 years of HMRC – reflections and looking ahead: https://events.icaew.com/pd/30211/
• ICAEW podcast: The Tax Track: https://www.icaew.com/insights/podcast/the-tax-track 

Host

Philippa Lamb

Guests

• Iain Wright, Managing Director, Reputation and Influence, ICAEW
• Ed Saltmarsh, Technical Manager, VAT and Customs, ICAEW

Producer

Natalie Chisholm 

Episode first published: 13 February 2025
Podcast recorded: 6 February 2025