Accountancy Insights

• 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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• 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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• Behind the Numbers: Succession planning - is employee ownership the answer?

  In this episode of Behind the Numbers, we discuss the appropriateness of employee ownership trusts (EOTs) for accountancy practices. The majority of mid-tier accountancy and audit firms are still structured as limited liability partnerships. But, with nearly half of firms citing succession planning as a critical talent challenge, and private equity investors taking more interest in the sector, some firms are now looking at other options. Philippa Lamb explores the key issues with Graeme Nuttall OBE, author of 2012’s Nuttall Review into employee ownership and International Ambassador for the Employee Ownership Association; Simon Blake, Head of Strategic Corporate Finance at Price Bailey; and Peter Hollis, whose firm recently became an EOT. Links ICAEW: Employee ownership: https://www.icaew.com/technical/business/business-start-up-and-finance/employee-ownership Insight: employee ownership trusts: https://www.icaew.com/technical/corporate-finance/corporate-finance-resources/corporate-financier/2025/articles/february/insight-employee-ownership-trusts  HostPhilippa Lamb GuestsGraeme Nuttall OBE, International Ambassador, Employee Ownership AssociationSimon Blake, Head of Strategic Corporate Finance, Price BaileyPeter Hollis, Principal, Hollis & Co ProducerNatalie Chisholm Episode first published: 3 March 2025Podcast recorded: 24 February 2025

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  27:36
• Trump tariffs update and HMRC service standards

  In this episode, we discuss the latest developments in President Trump’s tariffs rollout and how they may affect UK businesses. We also explore a new joint report by ICAEW and the Chartered Institute of Taxation into HMRC service standards, which includes research findings from 31 agent firms. Philippa Lamb is joined in the studio by ICAEW’s Iain Wright, Managing Director of Reputation and Influence, and Ed Saltmarsh, Technical Manager for VAT and Customs. Time codes00:52 Trump tariffs update15:17 HMRC service standards  LinksICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor ICAEW-CIOT event: 20 years of HMRC – reflections and looking ahead: https://events.icaew.com/pd/30211/ICAEW podcast: The Tax Track: https://www.icaew.com/insights/podcast/the-tax-track  HostPhilippa Lamb GuestsIain Wright, Managing Director, Reputation and Influence, ICAEWEd Saltmarsh, Technical Manager, VAT and Customs, ICAEW ProducerNatalie Chisholm  Episode first published: 13 February 2025Podcast recorded: 6 February 2025

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