Name: Trump tariffs update and HMRC service standards by ICAEW
Duration: 29 min 17 s
Description: 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.

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.

Trump tariffs update and HMRC service standards

From April 2026, an estimated 864,000 sole traders and landlords will need to comply with Making Tax Digital (MTD) for income tax. 

The latest on MTD income tax

In this episode of the ICAEW Student Insights podcast, host Orkhan Freeman explores what it’s like to be an accountant working in industry.

This episode covers:
•	The relevance of the ACA qualification to training or working in industry.
•	The transferable skills between practice and industry roles.
•	Building relationships with colleagues outside of finance teams.
•	How to make an informed career move.

Orkhan is joined in the studio by Amy Battrick, Management Accountant at EG Group; and Bronwyn Fitzgerald, Finance Team Manager at Gerald Edelman.



Building a career in industry

This episode focuses on the integration of AI in audit processes, emphasising the need for practical guidance from the Financial Reporting Council (FRC) to build industry confidence, especially with smaller firms.

How should audit firms use AI?

Even at a relatively nascent stage, agentic AI is showing that it has the capability to revolutionise how finance professionals manage a range of important tasks.

AI agents: four use cases for accountants

In this episode of the ICAEW Student Insights podcast, host Jag Dhaliwal talks to two experts about the way we learn and how we can all make the most of our time taking in and retaining information.

Why we should learn more about how we learn

The Chancellor delivered a raft of small tax changes, rather than any big tax increases. But despite no increases in business taxes, the Budget offered few reasons to be cheerful.

Budget 2025: businesses dodge tax bullet, but costs will still bite

The Chancellor included two measures designed to encourage more UK listings and investment in UK public markets.

Budget: are capital markets-boosting measures effective?

This episode is all about the Budget. What was in it? What are the implications? Was there anything positive to glean from it? 

Budget 25: where’s the growth?

In this episode, we rate the Budget against ICAEW’s ten tenets for a better tax system, focusing on the government’s decision to freeze the personal allowance and tax thresholds for an additional three years, the new tax on electric vehicles and changes to the NIC treatment of salary sacrificed pension contributions. 

Budget 25: Do the tax changes meet the tenets?

At best, landing in one of these pitfalls will trigger teeth-gnashing frustration. At worst, it will lead you into regulatory hot water. From any angle, they are best avoided. Adopting new software exposes businesses to a variety of pitfalls. Before we take a look at some of the worst, it is important to highlight the dangers of stumbling into them.
For more information, consult ICAEW’s checklist for implementing software solutions and check out our guide to cloud computing - both available at icaew.com .

How to avoid the five biggest software adoption pitfalls

ICAEW is a professional membership organisation that provides insight and leadership to the global accountancy and finance profession.

Trump tariffs update and HMRC service standards

ICAEW

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