The Tax Track

ICAEW

In this podcast series from the Institute of Chartered Accountants in England and Wales, experts from the Tax Faculty discuss the biggest tax stories of the month, with advice for professionals in the sector to keep their knowledge and skills sharp.

  1. Oct 13

    CGT on cryptoassets and payrolling of benefits

    Cuts to the capital gains tax (CGT) annual exempt amount have brought more individuals within scope of CGT. In this episode we explain how to avoid common errors made when applying the rules to disposals of cryptoassets.  From April 2027, employers will be required to process some of the more common types of benefit in kind through the payroll. We explain what is changing and what employers can do now to prepare. Links  ICAEW: Follow the numbers: capital gains tax - https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2026/follow-the-numbers-cgtICAEW: Avoiding common errors with tax and cryptoassets - https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2026/avoiding-common-errors-with-tax-and-cryptoassetsICAEW: How to: CGT reporting and the self assessment tax return - https://www.icaew.com/insights/tax-news/2026/sep-2026/how-to-cgt-reporting-and-the-self-assessment-tax-returnICAEW: Economy explainers: what is payrolling of benefits? - https://www.icaew.com/insights/tax-news/2026/sep-2026/payrolling-of-benefits-explainedICAEW: Globally mobile employees can be excluded from mandatory payrolling - https://www.icaew.com/insights/tax-news/2026/sep-2026/globally-mobile-employees-can-be-excluded-from-mandatory-payrollingHost Stephen Relf, Tax Technical Manager, ICAEW Guests Katherine Ford, Tax Technical Manager, ICAEWAdelle Greenwood, Tax Technical Manager, ICAEWProducer Ed Adams Series lead Mark Rowland Episode published: 13 October 2026 Episode recorded: 21 September 2026

  2. Aug 12

    Why tax complexity matters

    In this episode, we consider the pain points for businesses in meeting their tax reporting obligations and we explore the causes and implications of tax complexity, including what the UK stands to gain from addressing it.    Links   ICAEW How to fix VAT | ICAEW - https://www.icaew.com/technical/tax/vat/how-to-fix-vatHow to build a better tax system | ICAEW - https://www.icaew.com/technical/tax/tax-reform/how-to-build-a-better-tax-systemBusiness tax compliance costs £15bn a year | ICAEW - https://www.icaew.com/insights/tax-news/2025/feb-2025/business-tax-compliance-costs-15bn-a-yearExternal Office of Tax Simplification - GOV.UK - https://www.gov.uk/government/organisations/office-of-tax-simplificationCompetitiveness review: final report https://assets.publishing.service.gov.uk/media/5a7d8aafe5274a676d532aca/competitiveness_review_final_report.pdfBrunel University Research Archive: Tax complexity: impact on UK competitiveness and growth - https://bura.brunel.ac.uk/handle/2438/33569 Host Stephen Relf, Tax Technical Manager, ICAEW  Guests Professor Peter Jelfs, Brunel University of LondonAndy Richens, formerly of the Office of Tax Simplification Producer Ed Adams Series lead Mark Rowland Episode recorded: 29 July 2026 Episode published: 12 August 2026 All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

  3. Jul 7

    New tax requirements for companies and directors

    Close companies and their directors are in HMRC’s sights as it attempts to close the small business tax gap. In this episode, we look at the challenges posed by new information requirements for directors completing their self assessment tax return for tax year 2025/26 and at the government’s proposals to impose additional reporting requirements on close companies. Links  ICAEW: New tax return requirements for directors cause uncertainty - https://www.icaew.com/insights/tax-news/2026/may-2026/new-tax-return-requirements-for-directors-cause-uncertainty ICAEW: ICAEW warns against new requirements for close companies - https://www.icaew.com/insights/tax-news/2026/jun-2026/icaew-warns-against-new-requirements-for-close-companies ICAEW: Tax gap widens to 6.4% of total tax liabilities - https://www.icaew.com/insights/tax-news/2026/jun-2026/tax-gap-widens-to-6-point-4-percent-of-total-tax-liabilities#:~:text=Percentage%20tax%20gap,6.4%25%20for%202024%2F25. HMRC's company taxation manual - close companies - https://www.gov.uk/hmrc-internal-manuals/company-taxation-manual/ctm60050 Host Stephen Relf, Tax Technical Manager, ICAEW Guests Angela Clegg, Tax Technical Manager – Business Taxes, ICAEW Katherine Ford, Tax Technical Manager – Personal Taxes, ICAEW Producer Ed Adams Episode recorded: 24 June 2026 Episode published: 8 July 2026

  4. Jun 9

    How to prepare for a VAT enquiry

    HMRC is stepping up its compliance activities when it comes to VAT. In this episode, we explain what businesses can do to prepare for a VAT enquiry and we explore how HMRC and the government could better support businesses in meeting their VAT obligations. Links  ICAEW: VAT compliance controls: new guidance from HMRC - https://www.icaew.com/insights/tax-news/2025/feb-2025/vat-compliance-controls-new-guidance-from-hmrc ICAEW: Making sure a tax return is correct and complete - https://www.icaew.com/insights/podcast/the-tax-track/making-sure-a-tax-return-is-correct-and-complete ICAEW: Budget: Changes made to VAT rules and processes (e-invoicing) - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-changes-made-to-vat-rules-and-processes#4 ICAEW: How to fix VAT - https://www.icaew.com/technical/tax/vat/how-to-fix-vat Host Stephen Relf, Tax Technical Manager, ICAEW Guests Rob Janering, VAT partner, Crowe UK LLP Simon Atkins, Partner, RSM UK Producer Ed Adams Episode recorded: 21 May 2026 Episode published: 10 June 2026

  5. May 12

    Modernising and mandating agent registration

    Finance Act 2026 introduces a package of measures designed to drive up standards in the tax advice market, including mandatory agent registration with HMRC. In this episode, we explain how the process will work and discuss the consequences for advisers of having their registration suspended. Links  ICAEW: HMRC’s agent registration guidance lacks key details -  https://www.icaew.com/insights/tax-news/2026/feb-2026/hmrcs-agent-registration-guidance-lacks-key-details ICAEW: Government reassures agents on registration and sanctions - https://www.icaew.com/insights/tax-news/2026/feb-2026/government-reassures-agents-on-registration-and-sanctions ICAEW: TAXguide 05/25: Finance Act 2026 - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2025/taxguide-05-25 The HMRC standard for agents - GOV.UK - https://www.gov.uk/government/publications/hmrc-the-standard-for-agents/the-hmrc-standard-for-agents Host Stephen Relf, Tax Technical Manager, ICAEW Guests Lindsey Wicks, Senior Tax Technical Manager, ICAEW Frank Haskew, Tax Director, ICAEW Producer Ed Adams Episode recorded: 23 April 2026 Episode published: 13 May 2026

  6. Apr 7

    Making sure a tax return is correct and complete

    In recent months, the government has published guidance and announced policy changes that could significantly affect how tax returns are prepared and how HMRC enquiries are conducted. In this episode, we’ll explore the implications for taxpayers and agents, focusing on new HMRC guidelines for ensuring that a tax return is correct and complete and changes to the requirement to notify HMRC of an uncertain tax treatment.  Links ICAEW: Taxpayers encouraged to ensure returns are correct and complete - https://www.icaew.com/insights/tax-news/2025/sep-2025/taxpayers-encouraged-to-ensure-returns-are-correct-and-complete Individuals and trusts face new obligation under uncertain tax treatment proposals - https://www.icaew.com/insights/tax-news/2026/mar-2026/individuals-and-trusts-face-new-obligation-under-uncertain-tax-treatment-proposals Inaccuracy and failure to notify penalties must be simplified - https://www.icaew.com/insights/tax-news/2025/jun-2025/inaccuracy-and-failure-to-notify-penalties-must-be-simplified Suspension of penalties for a one-off tax error - https://www.icaew.com/insights/tax-news/2026/feb-2026/suspension-of-penalties-for-a-one-off-tax-error Tax gap falls slightly as a percentage of tax liabilities - https://www.icaew.com/insights/tax-news/2025/jun-2025/tax-gap-falls-slightly-as-a-percentage-of-tax-liabilities External:  GOV.UK: Help ensuring documents filed with HMRC are correct and complete — GfC13 -  https://www.gov.uk/government/publications/help-ensuring-documents-filed-with-hmrc-are-correct-and-complete-gfc13 GOV.UK: Opportunities to Extend Uncertain Tax Treatment - https://www.gov.uk/government/consultations/consultation-extend-notification-of-uncertain-tax-treatment-utt-regime/opportunities-to-extend-uncertain-tax-treatment Host: Stephen Relf, Technical Manager, Tax, ICAEW  Guests:  Richard Jones, Senior Technical Manager, Business Tax, ICAEW Annis Lampard, Partner, Deloitte Producer: Ed Adams Episode recorded: 25 March 2026 Episode published: 7 April 2026

  7. Mar 3

    MTD Live: are you (and HMRC) ready for MTD?

    In a special episode of The Tax Track, recorded at ICAEW’s MTD Live event on 23 February 2026, we speak to HMRC and practitioners on how they are preparing for Making Tax Digital (MTD) for income tax, which is due to start from April 2026.     Links  ICAEW: Making Tax Digital - https://www.icaew.com/technical/tax/making-tax-digital ICAEW: TAXguide 01/25: MTD income tax - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2025/taxguide-01-25 ICAEW: HMRC to send final batches of MTD mandation letters - https://www.icaew.com/insights/tax-news/2026/feb-2026/hmrc-to-send-final-batches-of-mtd-mandation-letters ICAEW: MTD: How to prepare your clients - https://www.icaew.com/insights/tax-news/2026/jan-2026/mtd-how-to-prepare-your-clients ICAEW: MTD: how to deal with digital refusers - https://www.icaew.com/insights/tax-news/2025/dec-2025/mtd-how-to-deal-with-digital-refusers ICAEW: MTDtalk 2026 webinar series - https://www.icaew.com/technical/tax/tax-faculty/webinars-and-recordings/tax-webinars/2026/mtdtalk-2026 MTD for Income Tax: your 30-day readiness plan with Sage - https://events.icaew.com/pd/32831 MTD for Income Tax: compliance simplified with Zoho Books - https://events.icaew.com/pd/32838/mtd-for-income-tax-compliance-simplified-with MTD for Income Tax: from onboarding to filing with Xero - https://events.icaew.com/pd/32819/mtd-for-income-tax-from-onboarding-to-filing Get MTD done with FreeAgent - https://events.icaew.com/pd/32837/get-mtd-done-with-freeagent Host Stephen Relf, Technical Manager, Tax, ICAEW Guests Craig Ogilvie, Director – MTD, HMRCHannah Miller, Director, Chipperfield AccountingNikhil Sangani, Chartered Accountant, Sage & CoRebecca Benneyworth, sole practitioner and a board member of ICAEW’s Tax FacultyReporter Mark Rowland Producer Ed Adams Episode recorded 23 February 2026 Episode published 3 March 2026

  8. Feb 3

    Finance Bill changes for individuals and businesses

    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.   Links  ICAEW: https://www.icaew.com/technical/tax/tax-faculty/taxguides/2025/taxguide-05-25 ICAEW: https://www.icaew.com/insights/tax-news/2025/dec-2025/government-makes-further-concessions-on-iht-reforms ICAEW: https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-further-changes-made-to-cgt-iht-and-residence-rules ICAEW: https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-taxes-on-property-savings-and-dividends-increased ICAEW: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2026/budget-changes-to-capital-allowances ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/tax-changes-require-new-approach-to-corporate-reconstructions ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/have-your-say-on-business-rates-reform ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/scottish-budget-makes-changes-to-income-tax-thresholds ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/welsh-businesses-to-get-more-support-for-non-domestic-rates ICAEW: https://www.icaew.com/insights/podcast/the-tax-track/budget-25-do-the-tax-changes-meet-the-tenets Postscript ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/additional-business-rates-support-announced-for-pubs ICAEW: https://www.icaew.com/insights/tax-news/2026/jan-2026/extend-inheritance-tax-payment-deadline-to-12-months-says-lords Host Stephen Relf, Technical Manager, Tax, ICAEW Guests Richard Jones, Senior Technical Manager, Business Tax, ICAEW Katherine Ford, Technical Manager, Personal Tax, ICAEW Producer Ed Adams Episode recorded 26 January 2026 Episode published 3 February 2026

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About

In this podcast series from the Institute of Chartered Accountants in England and Wales, experts from the Tax Faculty discuss the biggest tax stories of the month, with advice for professionals in the sector to keep their knowledge and skills sharp.

Information

  • Creator
    ICAEW
  • Years Active
    2024 - 2026
  • Episodes
    32
  • Rating
    Clean
  • Copyright
    © 2026 The Tax Track
  • Show Website
    The Tax Track

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