Accountancy Insights

• Accountancy Insights: Collecting unpaid taxes and revisions to the Code of Ethics

  In this episode, we discuss the government’s new measures to collect billions of pounds in unpaid taxes, as well as covering the key changes to ICAEW’s Code of Ethics, which come into effect on 1 July 2025. Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax; and Laura Hough, Director of Trust and Ethics. This episode refers to penalty rates based on the Bank of England base rate, correct as of 1 May 2025. Make sure you check the current rates. Time codes00:28 Collecting unpaid taxes06:04 Revisions to the Code of Ethics LinksHMRC: If you cannot pay your tax bill on time: https://www.gov.uk/difficulties-paying-hmrcICAEW: Government takes further action to reduce tax debt: https://www.icaew.com/insights/tax-news/2025/mar-2025/government-takes-further-action-to-reduce-tax-debtICAEW: HMRC increases interest rates for tax paid late: https://www.icaew.com/insights/tax-news/2025/mar-2025/hmrc-increases-interest-rates-for-tax-paid-late ICAEW Code of Ethics: https://www.icaew.com/technical/trust-and-ethics/ethics/code-of-ethicsICAEW: Keep on top of developments in ethics: https://www.icaew.com/insights/viewpoints-on-the-news/2025/apr-2025/keep-on-top-of-developments-in-ethics Accountancy Insights: Regulating tax advice, plus new professional behaviour wording: https://www.icaew.com/insights/podcast/accountancy-insights/regulating-tax-advice-plus-new-professional-behaviour-wording HostPhilippa Lamb GuestsStephen Relf, Technical Manager, Tax, ICAEWLaura Hough, Director, Trust and Ethics, ICAEW ProducerNatalie Chisholm  Episode first published: 12 May 2025Podcast recorded: 1 May 2025

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• Behind the numbers: The professional pitfalls of social media

  In this episode of Behind the Numbers, we discuss how professionals should approach social media. Social media can be a minefield, particularly when personal and professional lives are closely interwoven. Online debate has become increasingly polarised, including how people use professional networks such as LinkedIn. We cover some common pitfalls and explain how ethical principles should be informing the behaviour of chartered accountants online. Host Philippa Lamb is joined by Lucy Penrose, Director of Ethics, Risk and Compliance at RSM UK; Junaidy Ab-Mutalib, Managing Partner at JM & Co Chartered Accountants in Kuala Lumpur; and Hannah Macdonald, Founder of Accountancy Hub. Links ICAEW Code of Ethics: https://www.icaew.com/technical/trust-and-ethics/ethics/code-of-ethics ICAEW ethics helpsheets: Using social media: https://www.icaew.com/technical/tas-helpsheets/ethics/using-social-media  HostPhilippa Lamb GuestsLucy Penrose, Director, Ethics, Risk and Compliance, RSM UKJunaidy Ab-Mutalib, Managing Partner, JM & Co Chartered AccountantsHannah Macdonald, Founder, Accountancy Hub ProducerNatalie Chisholm Episode first published: 29 April 2025Podcast recorded: 22 April 2025

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• Accountancy Insights: Adapting post-tariffs, MTD at 10, UK GAAP changes

  In this episode, we discuss how the Trump administration’s tariffs will hamper the government’s growth plans, the progress made towards Making Tax Digital on its tenth birthday, and how changes to FRS 102 and 105 will affect the nation’s small businesses. Philippa Lamb is joined in the studio by Iain Wright, Chief Policy and Communications Officer; Caroline Miskin, Senior Technical Manager, Digital Taxation; and Sally Baker, Head of Corporate Reporting Strategy. Time codes00:41 Trump administration tariffs14:07 Making Tax Digital at 1020:48 Changes to FRS 102 and 105 LinksICAEW Insights: https://www.icaew.com/insightsICAEW events: https://events.icaew.com ICAEW: Making Tax Digital: https://www.icaew.com/technical/tax/making-tax-digitalICAEW: Periodic review of UK GAAP: https://www.icaew.com/technical/corporate-reporting/uk-gaap/periodic-review-of-uk-gaap ICAEW Corporate Reporting Conference (9 June 2025): https://www.icaew.com/learning-and-development/events/corporate-reporting-conference HostPhilippa Lamb GuestsIain Wright, Chief Policy and Communications Officer, ICAEWCaroline Miskin, Senior Technical Manager, Digital Taxation, ICAEWSally Baker, Head of Corporate Reporting Strategy, ICAEWProducerNatalie Chisholm Episode first published: 8 April 2025Podcast recorded: 3 April 2025

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  29:01
• Behind the numbers: What Britain needs to grow

  In this episode of Behind the Numbers, we discuss the necessary ingredients to support economic growth. It’s a clear priority for the government. An industrial strategy is due to be published in the coming months – with eight key sectors for the UK already identified – and reviews of taxation and regulation are also taking place. As the Spring Statement arrives on 26 March, our panel explores whether government policy is pulling all the right levers. Host Philippa Lamb is joined by John Boulton, ICAEW Director of Policy; John Godfrey, Managing Director of Public Affairs and Research at TheCityUK; Anne Allibone, fractional CFO; and Peter Arnold, EY UK Chief Economist. Links ICAEW: Economy: https://www.icaew.com/technical/economy  HostPhilippa Lamb GuestsJohn Boulton, Director, Policy, ICAEWJohn Godfrey, Managing Director, Public Affairs and Research, TheCityUK Peter Arnold, Chief Economist, EY UKAnne Allibone, fractional CFO, Allibone Consulting ProducerNatalie Chisholm Episode first published: 25 March 2025Podcast recorded: 21 March 2025

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• Accountancy insights: Happy birthday, HMRC

  In this episode, we have a report by Mark Rowland from the ’20 Years of HMRC’ event held on 11 March at Chartered Accountants’ Hall, in which he speaks to James Murray, Exchequer Secretary to the Treasury, and Lord O’Donnell, former Permanent Secretary to the Treasury, among others, about the future of digitisation and HMRC. Tax changes announced at the budget are coming into effect in April and one of the biggest concerns is the revisions to employers’ national insurance contributions and thresholds, as well as to NI employment allowances. Also changing is the way that double cab pick-ups are treated for tax purposes.  Auditing of SMEs has come under FRC’s spotlight recently, and it has launched a market study to determine what is working and what it not under the current regulation, including the complexity and cost of auditing standards. Philippa Lamb explores the latter two subjects with Stephen Relf, Technical Manager, Tax, ICAEW, and Catherine Hardinge, Partner, Technical, Price Bailey LLP. Links The future of a tax administration authority: https://www.icaew.com/insights/tax-news/2025/mar-2025/the-future-of-a-tax-administration-authorityTen tax changes taking effect from April 2025: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2025/ten-tax-changes-taking-effect-from-april-2025 Don’t forget April tax changes for double cab pick-ups, says ICAEW: https://www.icaew.com/insights/tax-news/2025/feb-2025/dont-forget-april-tax-changes-for-double-cab-pick-ups-says-icaewIs the FRC doing enough to support small audits?: https://www.icaew.com/insights/viewpoints-on-the-news/2025/feb-2025/is-the-frc-doing-enough-to-support-small-auditsHostPhilippa Lamb GuestsStephen Relf, Technical Manager, Tax, ICAEWCatherine Hardinge, Partner, Technical, Price Bailey LLPJames Murray, Exchequer Secretary to the Treasury and chair of HMRC boardLord O’Donnell, former Permanent Secretary to the TreasuryHeather Self, Consultant, Blick RothenbergPaul Aplin, Vice-President, Chartered Institute of TaxationDavid Gauke, former Treasury ministerAmanda Tickel, Head of Tax and Trade Policy, Deloitte ProducerNatalie Chisholm  Episode first published: 17 March 2025Podcast recorded: 6 March 2025

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