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The latest coronavirus (COVID-19) articles from ICAEW

A list of all coronavirus-related articles from ICAEW, starting with the most recent.

Compliance and professional conduct

31-03-2020

During this uncertain time, we recognise there are unprecedented challenges facing ICAEW firms and members. We continue to expect the highest professional standards by all ICAEW firms and members. This includes abiding by ICAEW and statutory regulations and to continue to meet the high standards expected by the public

Regulated areas and quality assurance monitoring

31-03-2020

The Professional Standards Department (the department responsible for carrying out ICAEW’s regulatory and disciplinary roles) recognise that COVID-19 has and is creating exceptional circumstances.

COVID-19: Directors on PAYE can furlough

31-03-2020

31 March: Company directors that receive salaries through PAYE can be furloughed and apply for a grant of 80% of their salary during the coronavirus pandemic, ICAEW understands.

COVID-19: Digital options to communicate with HMRC

27-03-2020

27 March: ICAEW has been inundated with queries around how businesses should manage communications with HMRC in light of the new restrictions. The Tax Faculty has put together this update on where HMRC is now accepting digital communications.

COVID-19: increased support available through tax credits and universal credits

26-03-2020

Updated 1 April 2020: the government has announced measures to support the incomes of employees and the self-employed but some will not be eligible for these schemes. For those that do not qualify the government has made some changes to the support available through working tax credits and universal credit which will provide some help.

COVID-19: VAT and self assessment payment deferral

24-03-2020

Updated March 31: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self assessment payments. ICAEW's Tax Faculty outlines how the deferral will work.

COVID-19: Support through the benefits system

24-03-2020

Updated 1 April: ICAEW members may need to help clients, friends or family to access support through the benefits system during the coronavirus outbreak. Benefits may be something on which they would not usually advise. The Tax Faculty has created this basic guide on which benefits to consider, together with sources of support.

The Coronavirus Business Interruption Loan Scheme

23-03-2020

2 April 2020: the Coronavirus Business Interruption Loan Scheme (CBILS), introduced on 23 March and revised on 2 April, provides support for businesses to access funding if certain eligibility criteria are met.

Coronavirus and ICAEW exams

20-03-2020

Guidance on ICAEW exams for all ICAEW CFAB and ACA students, employers and tutors during the Coronavirus (COVID-19) pandemic. Your health and well-being are of the utmost importance to us and we want to support you all at this uncertain time. This page has been designed to update you with the information you need and will be updated regularly.

COVID-19: How to manage HMRC and tax compliance

19-03-2020

19 March 2020: we anticipate and hope that HMRC will apply a more relaxed approach in the way it interacts with ordinarily complaint businesses who are facing difficulties as a result of COVID-19. However, an understanding of the basic rules around managing disputes with HMRC will be helpful when navigating the ramifications of COVID-19. The Tax Faculty share questions that may be useful to consider.

COVID-19: Support on negotiating time to pay

18-03-2020

18 March 2020: as the Tax Faculty seeks further clarification from HMRC on the support for businesses which are having difficulty paying tax bills due to COVID-19, it shares useful tips on how to negotiate with HMRC.

Coronavirus: ICAEW events and offices

17-03-2020

Given the recent announcements by the UK government, we have decided not to host any face-to-face events, conferences or meetings with immediate effect.

Highlights of HMCR’s latest Employer Bulletins

17-03-2020

17 March 2020: ICAEW’s Tax Faculty summarises HMRC’s latest Employer Bulletins, which included commentary on the Budget announcements and information on the changes to off-payroll working.

ICAEW reaction to the Budget

11-03-2020

11 March 2020: ICAEW chief executive Michael Izza believes Rishi Sunak’s first Budget as Chancellor was a remarkable one, delivered in volatile times, but the longer-term goal of improving public infrastructure on a fiscally sustainable footing is a very different challenge.

Budget 2020: ICAEW welcomes spending measures

11-03-2020

11 March 2020: ICAEW has welcomed today’s Budget announcements, which were intended to shore up the UK economy against the coronavirus crisis and invest in long-term infrastructure projects and sustainability. However, it sounded a note of caution about how any additional spend will be funded.