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

There are no comments yet.

Please log in to write the first comment.