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Accountancy Insights: Collecting unpaid taxes and revisions to the Code of Ethics
Manage episode 482254372 series 2944765
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 codes
00:28 Collecting unpaid taxes
06:04 Revisions to the Code of Ethics
Links
- HMRC: If you cannot pay your tax bill on time: https://www.gov.uk/difficulties-paying-hmrc
- ICAEW: 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-debt
- ICAEW: 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-ethics
- ICAEW: 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
Host
Philippa Lamb
Guests
- Stephen Relf, Technical Manager, Tax, ICAEW
- Laura Hough, Director, Trust and Ethics, ICAEW
Producer
Natalie Chisholm
Episode first published: 12 May 2025
Podcast recorded: 1 May 2025
106 episodes
Manage episode 482254372 series 2944765
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 codes
00:28 Collecting unpaid taxes
06:04 Revisions to the Code of Ethics
Links
- HMRC: If you cannot pay your tax bill on time: https://www.gov.uk/difficulties-paying-hmrc
- ICAEW: 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-debt
- ICAEW: 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-ethics
- ICAEW: 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
Host
Philippa Lamb
Guests
- Stephen Relf, Technical Manager, Tax, ICAEW
- Laura Hough, Director, Trust and Ethics, ICAEW
Producer
Natalie Chisholm
Episode first published: 12 May 2025
Podcast recorded: 1 May 2025
106 episodes
All episodes
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