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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

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.

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

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

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

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

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

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

In this episode, we rate the Budget against ICAEW’s ten tenets for a better tax system, focusing on the government’s decision to freeze the personal allowance and tax thresholds for an additional three years, the new tax on electric vehicles and changes to the NIC treatment of salary sacrificed pension contributions.  Budget: Freeze on personal allowance extended - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-freeze-on-personal-allowance-extendedBudget: New levies include charge on electric vehicles - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-new-levies-include-charge-on-electric-vehiclesBudget: NIC saving on salary sacrifice pension contributions capped - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-nic-saving-on-salary-sacrifice-pension-contributions-cappedBudget: Taxes on property, savings and dividends increased - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-taxes-on-property-savings-and-dividends-increasedBudget: Changes made to VAT rules and processes - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-changes-made-to-vat-rules-and-processesBudget: Government will not regulate tax advisers - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-government-will-not-regulate-tax-advisersTax Faculty Budget update 2025 - https://www.icaew.com/technical/tax/tax-faculty/webinars-and-recordings/tax-webinars/2025/28-11-2025-budget-updateHow to fix VAT - https://www.icaew.com/technical/tax/vat/how-to-fix-vatHost Stephen Relf, Technical Manager, Tax, ICAEW Guests Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW Ed Saltmarsh, Technical Manager, Tax, ICAEW Producer Ed Adams Episode published 1 December 2025 Episode recorded 28 November 2025

From April 2026, an estimated 864,000 sole traders and landlords will need to comply with Making Tax Digital (MTD) for income tax. In this episode, we look at recent developments, including HMRC’s plans to contact taxpayers, and we draw on the experience of special guest Rebecca Benneyworth to explain what you can do to prepare for the challenges ahead. Making Tax Digital - https://www.icaew.com/technical/tax/making-tax-digitalTAXguide 01/25: MTD income tax - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2025/taxguide-01-25Digitally excluded can now apply for MTD exemption -  https://www.icaew.com/insights/tax-news/2025/sep-2025/digitally-excluded-can-now-apply-for-mtd-exemptionHow to avoid errors when signing up clients to MTD income tax - https://www.icaew.com/insights/tax-news/2025/oct-2025/how-to-avoid-errors-when-signing-up-clients-to-mtd-income-taxHMRC offers agents support with MTD for income tax - https://www.icaew.com/insights/tax-news/2025/aug-2025/hmrc-offers-agents-support-with-mtd-for-income-taxUp to 3 million individuals may need to comply with MTD - https://www.icaew.com/insights/tax-news/2025/aug-2025/up-to-3-million-individuals-may-need-to-comply-with-mtdHow to keep HMRC agent account details safe - https://www.icaew.com/insights/tax-news/2025/sep-2025/how-to-keep-hmrc-agent-account-details-safeHow to complete your tax return - https://www.icaew.com/technical/tax/personal-tax/how-to-complete-your-tax-returnHost Stephen Relf, Technical Manager, Tax, ICAEW Guests Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW Rebecca Benneyworth, sole practitioner and a board member of ICAEW’s Tax Faculty Producer Ed Adams Episode published 31 October 2025 Episode recorded 24 October 2025

In this episode of The Tax Track, we look ahead to the 2024/25 tax return season, highlighting areas to watch out for, and explain our concerns with draft legislation for Finance Bill 2025/26 that promises to make significant changes to the tax system, particularly for agents.   Links  ICAEW has major concerns about draft Finance Bill legislation - https://www.icaew.com/insights/tax-news/2025/sep-2025/icaew-has-major-concerns-about-draft-finance-bill-legislationGovernment’s plans for agents may harm the tax system - https://www.icaew.com/insights/tax-news/2025/sep-2025/governments-plans-for-agents-may-harm-the-tax-systemTaxpayers 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-completeIn-year CGT rate changes cause tax return errors - https://www.icaew.com/insights/tax-news/2025/aug-2025/in-year-cgt-rate-changes-cause-tax-return-errorsHMRC targets personal expenditure - https://www.icaew.com/insights/tax-news/2025/aug-2025/hmrc-targets-personal-expenditureGet ahead with 2024/25 tax returns - https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2025/get-ahead-with-2024-25-tax-returnsHost Stephen Relf, Technical Manager, Tax, ICAEW Guests Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW Katherine Ford, Tax Manager, ICAEW Producer Ed Adams Episode recorded: 23 September 2025 Episode published: 1 October 2025

Whether it’s performance or policy, there’s rarely an episode of The Tax Track that doesn’t mention HMRC. In this special episode we talk to one of the senior leaders at HMRC, Jonathan Athow, Director General for Customer Strategy and Tax Design. The government’s stated priorities for HMRC are to modernise and reform the tax system, improve customer service and close the tax gap; Athow explains how HMRC intends to deliver on those priorities, and crucially, what this means for ICAEW members. Links  Tax software article (Sept Taxline) HMRC promises new digital solutions for taxpayers and agents | ICAEW https://www.icaew.com/insights/tax-news/2025/jul-2025/hmrc-promises-new-digital-solutions-for-taxpayers-and-agentsUp to 3 million individuals may need to comply with MTD | ICAEW https://www.icaew.com/insights/tax-news/2025/aug-2025/up-to-3-million-individuals-may-need-to-comply-with-mtdHave your say on draft Finance Bill legislation | ICAEW https://www.icaew.com/insights/tax-news/2025/jul-2025/have-your-say-on-draft-finance-bill-legislationHMRC is taking longer to respond to post | ICAEW https://www.icaew.com/insights/tax-news/2025/aug-2025/hmrc-is-taking-longer-to-respond-to-postHost Stephen Relf, Technical Manager, Tax, ICAEW Guest Jonathan Athow, Director General, Customer Strategy and Tax Design, HMRC Producer Natalie Chisholm Episode recorded 21 August 2025 Episode published 3 September 2025

July was a busy month for HMRC as it published its annual accounts and report for 2024/25, along with its transformation roadmap and draft legislation for Finance Bill 2025/26.  In this episode of The Tax Track we look at the challenges HMRC faces, from improving its services to taxpayers and agents to closing the tax gap; its plans for new and improved digital services; and the possible implications of the proposed changes for agents in particular as MTD and agent registration begin to take effect. Links HMRC continues to miss performance targets https://www.icaew.com/insights/tax-news/2025/jul-2025/hmrc-continues-to-miss-performance-targetsTax 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 HMRC promises new digital solutions for taxpayers and agents https://www.icaew.com/insights/tax-news/2025/jul-2025/hmrc-promises-new-digital-solutions-for-taxpayers-and-agents  Have your say on draft Finance Bill legislation https://www.icaew.com/insights/tax-news/2025/jul-2025/have-your-say-on-draft-finance-bill-legislationICAEW reiterates concerns about MTD threshold reduction https://www.icaew.com/insights/tax-news/2025/jul-2025/icaew-reiterates-concerns-about-mtd-threshold-reductionPanellists Stephen Relf, Technical Manager, Tax, ICAEWFrank Haskew, Head of Taxation Strategy, ICAEWLindsey Wicks, Senior Technical Manager, Tax Policy, ICAEWProducer: Ed Adams Episode recorded 24 July 2025 Episode published 1 August 2025

Simple assessment and real-time reporting for capital gains tax (CGT) are two ways for HMRC and taxpayers to sidestep self assessment for income and gains. HMRC sent out a record number of simple assessments for 2023/24. We explain what they are and explore some of the problem areas. We also explain how the often overlooked real-time reporting for CGT works and look at current issues with CGT reporting more generally. Links TAXguide 09/18: simple assessment - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2018/taxguide-0918-simple-assessment Simple Assessment guide for pensioners - https://www.gov.uk/government/publications/pensioners-and-tax-communications-materials/simple-assessment-guide-for-pensioners Agent Update: issue 131 - https://www.gov.uk/government/publications/agent-update-issue-131/issue-131-of-agent-update#simple Consider using the real-time CGT service to report gains - https://www.icaew.com/insights/tax-news/2024/apr-2024/consider-using-the-real-time-cgt-service-to-report-gains TAXguide 15/20: Capital gains tax UK property disposal reporting - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2020/taxguide-1520-capital-gains-tax-uk-property-disposal-reporting Panellists Stephen Relf, Technical Manager, Tax, ICAEWCaroline Miskin, Senior Technical Manager, Digital Tax, ICAEW Katherine Ford, Technical Manager, Personal Taxes, ICAEWProducer Ed Adams Episode first published: 2 July 2025 Podcast recorded: 24 June 2025

On 6 April 2025, the longstanding rules for UK-resident, non-UK domiciled individuals – non-doms – were abolished and replaced with a new regime for foreign income and gains (FIG) that is based on residence.  The abolition of domicile as a concept is one of the biggest changes in taxation for many years. In this episode of The Tax Track, we’ll get behind the headlines and consider the pros and cons of the new rules. Links Economy explainers: what is the non-dom regime? (valid up to 5/4/25) https://www.icaew.com/insights/tax-news/2024/sep-2024/non-dom-regime-explainedResidence and FIG Regime Manual https://www.gov.uk/hmrc-internal-manuals/residence-and-fig-regime-manual Panellists Stephen Relf, Technical Manager, Tax, ICAEWKatherine Ford, Technical Manager, Tax, ICAEWAdelle Greenwood, Technical Manager, Tax, ICAEWProducer  Ed Adams Episode first published: 30 May 2025 Podcast recorded: 19 May 2025