The Tax Track

ICAEW
  • 0.0 (0)
  • BUSINESS
  • UPDATED MONTHLY
The Tax Track

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. R&D tax relief: where are we now?

    FEB 5

    R&D tax relief: where are we now?

    In recent years we’ve seen changes to the rules, to processes and to HMRC’s approach to policing claims for research and development (R&D) tax relief. In this episode we map out the current landscape to help you navigate your way through it. In an attempt to clamp down on fraud, more R&D claims are being checked, but is this deterring genuine claims? We also look at a new HMRC facility to disclose errors made in claims – who can disclose, how to disclose and the points to consider in ...

    25 min
  2. Time to prepare for MTD and BIK

    JAN 7

    Time to prepare for MTD and BIK

    Two significant changes will take place from April 2026: Making Tax Digital for Income Tax (MTD IT) and mandatory payrolling of benefits in kind. While April 2026 is over a year away, these changes will require a lot of planning including how workflows and information flows will need to change. MTD IT will require many individuals to keep digital records and send quarterly updates to HMRC, while mandatory payrolling of benefits in kind will see the end of the form P11D process for many ...

    25 min
  3. A year of two halves

    12/02/2024

    A year of two halves

    Bookended by a Conservative Budget in the spring and a Labour Budget in the autumn, 2024 was a busy year in politics and in tax. In this episode of The Tax Track, we reflect on key measures from the recent Budget and consider areas that kept us busy during 2024 and will do again in 2025, including regulation of tax agents and HMRC service levels. Links Autumn Budget 2024 https://www.icaew.com/technical/economy/autumn-budget-2024Tax regulation: change must be in the public interest https://ww...

    28 min

  4. 10/29/2024

    How to fix VAT

    In this episode we’ll be talking about the problems with VAT and why ICAEW is launching a new campaign, How to Fix VAT. Introduced in the UK some 50 years ago, VAT is now the UK’s third largest source of tax revenue, behind income tax and national insurance contributions. But, it can be costly and complicated to comply with, and that’s despite previous efforts at simplification. Links The complicated and costly world of VAT https://www.icaew.com/insights/tax-news/2024/oct-2024/the-complicat...

    34 min
  5. Checkout time for furnished holiday lets

    10/02/2024

    Checkout time for furnished holiday lets

    The abolition of the furnished holiday lettings (FHL) rules from April 2025 was announced in the Spring Budget. Following the general election, the Labour government confirmed that it would proceed with the measure, and provided more details in the form of draft legislation, an explanatory note and a policy paper. While some of the detail may change as the legislation is finalised, there will be tax implications for those affected – we discuss the potential issues. Links Why furnished holida...

    28 min

  6. 08/29/2024

    MTD: what you should do now

    Making Tax Digital income tax self assessment (MTD ITSA) will start in April 2026 for the self-employed and those with income from property with gross income of more than £50,000. It has been described as the biggest change to affect tax agents and their clients since 1996/97 when self assessment was introduced. This episode of The Tax Track looks at what agents need to do now to ensure that their practice and their clients are ready. Discussing the issues involved are Lindsey Wicks, Senior ...

    23 min

  7. 07/31/2024

    Time to act on basis period reform

    Basis period reform is an important issue at the moment, with 2023/24 a transitional year. We look at the impact of this for businesses filling in their tax returns. Where an individual’s accounting date deviates from the tax year, there are additional boxes to complete on the tax return for 2023/24, and quite likely additional tax to pay too. The team also gazes into the Tax Faculty crystal ball to predict what might be in the first Budget of the new Labour government, now scheduled to tak...

    26 min

  8. 07/02/2024

    HMRC on hold

    A damning report from the National Audit Office in May this year concluded what many have long suspected, that customer service from HMRC is falling ‘far below’ expected levels. In this episode of The Tax Track, we look at the problem, its impact and potential solutions. The figures are damning, with call waiting times soaring by over 350% over the past five years and just 67% of calls being answered. While HMRC is striving to resolve issues, circumstances beyond its control are holding back...

    26 min
See All (14)

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 - 2025
  • Episodes
    14
  • Rating
    Clean
  • Copyright
    © 2025 The Tax Track
  • Show Website
    The Tax Track

You Might Also Like

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes, and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada