Explore every episode of the podcast The Tax Track
| Title | Pub. Date | Duration | |
|---|---|---|---|
| Taxing times: cryptoassets in the spotlight | 01 Apr 2025 | 00:21:09 | |
Ownership of cryptoassets may be on the rise, but many myths persist when it comes to how they taxed. This episode looks at how accountants can help clients to meet their tax obligations. We look at the tax treatment of cryptoassets and discuss what HMRC is doing to improve compliance and raise awareness, from adding a new box in the tax return to implementing the cryptoasset reporting framework. Links
Producer Ed Adams Episode first published: 1 April 2025 | |||
| Why professional conduct matters | 25 Feb 2025 | 00:19:41 | |
Maintaining high professional standards is essential, both for individual accountants and for the profession as a whole. This episode of The Tax Track looks at the importance of protecting your professional reputation and, importantly, what members can do to ensure they get things right in the first place. Tax is complicated – and constantly changing – so CPD is important, as well as being an integral part of your ICAEW membership. Meanwhile, Professional Conduct in Relation to Taxation (PCRT), prepared jointly by seven professional bodies and associations (including ICAEW) and endorsed by HMRC, sets out the fundamental principles and standards for tax planning that all members, affiliates and students who practise in tax must follow. Links
Panelists
Producer Ed Adams Episode first published: 11 February 2025 | |||
| Pros and cons of payrolling benefits | 30 May 2024 | 00:22:49 | |
In this episode of The Tax Track, we discuss HMRC’s plans to mandate the payrolling of benefits in kind, and look at the implications of a recent tax case. With the payrolling of all benefits in kind set to be mandatory from 2025/26, we examine whether this really is the simplification it’s meant to be, and what employers and agents can do now to smooth the way. Plus, a recent tax tribunal case highlighted the importance of documentation and how it can severely impact the amount of tax due. Lindsey Wicks, Senior Technical Manager for Tax Policy at ICAEW, discusses the issues with Stephen Relf, Technical Manager, Tax, and Peter Bickley, Technical Manager, Tax.
Links
Panel
Producer Episode first published: 30 May 2024 | |||
| Associated companies: a family affair | 29 Apr 2024 | 00:21:47 | |
What is an associated company and how can this affect business taxation? This episode of The Tax Track looks at how to spot an associated company and apply the rules, particularly in relation to corporation tax. ‘Associated’ has a broad definition in tax terms, which can give rise to surprising results when it comes to family relationships and other businesses. As well as talking about how this affects the rate of corporation tax, and when corporation tax is payable, we also look at the impacts for other areas of business tax, including national insurance contributions, annual investment allowance and VAT disaggregation.
Panel
Producer Ed Adams | |||
| New tax year, new developments in R&D | 03 Apr 2024 | 00:27:30 | |
The Tax Track is the podcast series from ICAEW that explores the latest developments in the world of tax, and what they mean for members and tax professionals alike.
In this episode, we look at the implications behind the new tax measures introduced in the Spring Budget and delve into the new research and development tax reliefs that are coming into effect this month.
Links
Panel
Producer Ed Adams | |||
| Crunch time: VAT (or not) on poppadoms | 29 Feb 2024 | 00:29:02 | |
Why would a food producer argue that its product is not ready for human consumption? And why does the tax year start on 6 April? Find out the answers in the latest episode of The Tax Track podcast from ICAEW.
As the start of the new tax year approaches, we look at what’s changing – and what’s not – in personal and business taxation in the coming year. We also journey back in time to find out why the tax year starts when it does.
Panellists
Producer | |||
| Capital allowances: the curious case of camping pods | 01 Feb 2024 | 00:26:20 | |
The Tax Track is the new podcast series from ICAEW where we explore the latest from the tax world, and what it means for tax professionals, accountants, taxpayers and businesses.
In this episode, we take a look at the wider implications of an unusual capital allowance case regarding camping pods that went to tribunal. You often hear the phrase, “it’s what’s on the inside that counts”. That certainly proved to be true in this case. We also discuss the changes that are being introduced to the cash basis this April and the potential implications for businesses of all sizes.
Links
Panellists
Producer | |||
| A taxing year ahead? | 10 Jan 2024 | 00:27:19 | |
The Tax Track is the new podcast series from ICAEW where we explore the latest from the tax world and what it means for tax professionals, accountants, taxpayers and businesses. In this first episode, we look ahead to what’s coming down the line in 2024.
Lindsey Wicks, ICAEW’s Senior Technical Manager for Tax Policy, talks about the forthcoming UK general election – a case of when, not if – and its potential impacts in terms of policies, timings, and the number of fiscal events throughout the year. Caroline Miskin, Senior Technical Manager for Digital Taxation, talks about the thorny issue of HMRC service standards – what are the pressures on HMRC’s services and how can they be alleviated? Finally, Frank Haskew, Head of Taxation Strategy, looks at the issue of tax agents and why the government considers there is a need for greater regulation and oversight to help prevent bad practices.
Panellists
Producer
Episode first published: 11 January 2024 | |||
| R&D tax relief: where are we now? | 05 Feb 2025 | 00:25:29 | |
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 determining whether or not a claim is correct. Links
Panelists
Producer Ed Adams Episode first published: 5 February 2025 | |||
| Time to prepare for MTD and BIK | 07 Jan 2025 | 00:25:18 | |
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 employers. In this episode we look at what taxpayers and their agents can do in the coming months to prepare.
Ed Adams | |||
| A year of two halves | 02 Dec 2024 | 00:27:35 | |
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.
Ed Adams | |||
| How to fix VAT | 29 Oct 2024 | 00:33:45 | |
In this episode we’ll be talking about the problems with VAT and why ICAEW is launching a new campaign, How to Fix VAT.
Ed Adams Episode first published: 29 October 2024 | |||
| Checkout time for furnished holiday lets | 02 Oct 2024 | 00:27:39 | |
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.
Ed Adams Episode first published: 2 October 2024 | |||
| MTD: what you should do now | 29 Aug 2024 | 00:22:45 | |
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.
Ed Adams | |||
| Time to act on basis period reform | 31 Jul 2024 | 00:26:19 | |
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.
Links
Ed Adams | |||
| HMRC on hold | 02 Jul 2024 | 00:25:31 | |
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.
Links
Panellists
Producer Ed Adams Episode first published: 2 July 2024 | |||