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icaew.bsky.social
ICAEW
@icaew.bsky.social
240 followers 71 following 81 posts
Providing insight and leadership to our members and to the global accountancy and finance profession.
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icaew.bsky.social
New this week on the Insights Hub 🧵:

➡️ Pro-growth tax reforms to support small businesses - ow.ly/YbtI50WVFwA
The Insights Hub is free for ICAEW members to access.

#icaewDaily #tax #finance
September 12, 2025 at 10:31 AM
icaew.bsky.social
New news on the ICAEW Insights hub > New in the M&S Foodhall: a VAT dilemma: www.icaew.com/insights/tax...
July 4, 2025 at 3:08 PM
icaew.bsky.social
The ICAEW Code of Ethics 2025 takes effect today. Get your team up to speed with a few quick activities. Watch a video, take a quiz and discuss an ethical dilemma here: ow.ly/j4sP50WiRRa

#icaewDaily #ethics
July 2, 2025 at 10:57 AM
icaew.bsky.social
The government is consulting on the first two draft UK Sustainability Reporting Standards, plus proposals on assurance and climate transition plans. Have your say by 17 September. Read more: ow.ly/4pFW50WieTG

#icaewDaily #sustainability
June 30, 2025 at 10:48 AM
Reposted by ICAEW
martinwheatcroft.bsky.social
My #icaewchartoftheweek for @icaew.bsky.social illustrates the relative shares of economic activity around the world compared with population on both a market-exchange rate and purchasing power basis.

Read more: bit.ly/46fES1l
A three column chart each adding up to 100% with the central bar showing percentages of the global population, the left-hand bar showing percentages of market GDP. and the right-hand bar showing percentage of power-purchasing-parity (PPP) GDP. The bars are linked with lines to emphasise the relative proportions. US & Canada: Market GDP 29% - Population 5% - PPP GDP 16%. Europe: Market GDP 23% - Population 7% - PPP GDP 18%. China: Market GDP 17% - Population 17% - PPP GDP 20%. Rest of the world: Market GDP 24% - Population 28% - PPP GDP 30%. South Asia & China: Market GDP 7% - Population 43% - PPP GDP 16%. 27 Jun 2025. Chart by Martin Wheatcroft. Design by Sunday. Source: IMF, 'World Economic Outlook Database, Apr 2025'.
June 27, 2025 at 12:06 PM
Reposted by ICAEW
martinwheatcroft.bsky.social
My #icaewchartoftheweek for @icaew.bsky.social is on how quarterly GDP has increased by 21% over the last three years. Most of that has been inflation, with economic growth of just 2.8% - a fall of 0.5% on a per person basis.

Read more: bit.ly/3HhsHGW
A step chart showing the change in quarterly GDP over three years. Quarterly GDP in 2022 Q1 of £610.3bn + Inflation (GDP deflator) of £108.0bn (+17.7%) + Economic growth of £20.3bn (+2.8%) = £738.6bn in 2025 Q1. Shaded box in the middle shows population growth of +£23.7bn (+3.3%) - per capita growth of £3.4bn (-0.5%) = +£20.3bn (+2.8%) for economic growth. 30 May 2025. Chart by Martin Wheatcroft FCA. Design by Sunday. Source: ONS, 'GDP first quarterly estimate, UK: Jan-Mar 2025'.
May 30, 2025 at 8:22 AM
icaew.bsky.social
Retail is under cyber threat. The M&S attack cost £300m and exposed major risks in supply chains and incident response. Read more on what happened, why it matters, and key lessons for every business: ow.ly/jITB50W0eZW

#icaewDaily #cybersecurity
May 29, 2025 at 10:45 AM
Reposted by ICAEW
martinwheatcroft.bsky.social
My #icaewchartoftheweek for @icaew.bsky.social is on UK-EU trade in 2024 in the light of Monday's deal to reduce trade barriers put in place since Brexit.

Read more: bit.ly/4kwUb9N

@ukgovernment.bsky.social @eudelegationuk.bsky.social
Step chart on UK-EU trade in 2024. Left hand column: UK imports from EU of £454bn (agriproducts £50bn + goods £264bn + services £140bn). Steps: Less trade deficit on agriproducts of £33bn less trade deficit on goods of £107bn plus trade surplus on services of £47bn = an overall trade deficit of £93bn. Right hand column: UK exports to EU of £361bn (agriproducts £17bn + goods £157bn + services £187bn). 23 May 2025. Chart by Martin Wheatcroft. Source: ONS, 'UK trade: goods and services publication tables'. (c) ICAEW 2025.
May 24, 2025 at 11:17 AM
icaew.bsky.social
HMRC collected or protected £5.2bn in tax from wealthy individuals in 2023-24 – up from £2.2bn in 2019-20. Discover what’s driving the spike in tax revenue and what it means for high-net-worth taxpayers: www.icaew.com/insights/tax...
May 23, 2025 at 3:39 PM
icaew.bsky.social
We are pleased that the UK-EU summit recognised the importance of professional qualifications, addressing barriers faced by UK service providers: ow.ly/V6vo50VVtxP

#icaewDaily #brexit
May 20, 2025 at 1:18 PM
icaew.bsky.social
A number of taxpayers who appear to have claimed investors’ relief without a valid claim have been identified by
@HMRCgovuk
: ow.ly/Ug9U50VUNUv

#icaewDaily #tax
May 19, 2025 at 3:24 PM
icaew.bsky.social
We are reminding employers of the 6 July deadline to submit employment related securities returns.

Learn about the new process for transferring an employer’s national insurance contributions liability to an employee: ow.ly/Cwf450VT3HH

#icaewDaily #tax
May 15, 2025 at 12:55 PM
icaew.bsky.social
We have flagged weaknesses in government plans to tackle tax advisers facilitating non-compliance, and suggest a different approach: ow.ly/YKV350VRGE1

#icaewDaily #tax
May 13, 2025 at 3:01 PM
icaew.bsky.social
We believe e-invoicing is the future and recommend that people voluntarily adopt the electronic process: ow.ly/w21Q50VQ9Hy

#icaewDaily #tax
May 12, 2025 at 10:07 AM
icaew.bsky.social
Steel, farmers and cars to benefit from UK-US deal

www.icaew.com/insights/vie...

#economy #tariffs
May 9, 2025 at 6:55 PM
icaew.bsky.social
We are consulting on new Disciplinary Sanctions Guidance. For all the details, read the full article: ow.ly/22mR50VPQYW

#icaewDaily #sanctions
May 9, 2025 at 6:52 PM
icaew.bsky.social
We welcome the new free trade agreement between the UK and India as 'a highly significant deal': ow.ly/95uq50VOjFT

#icaewDaily #tariffs
May 7, 2025 at 1:25 PM
icaew.bsky.social
We have responded to the government’s proposed changes to inheritance tax, arguing against the scale and scope of the new plans: ow.ly/CBCl50VOiwQ

#icaewDaily #tax
May 7, 2025 at 9:49 AM
icaew.bsky.social
The administrative burdens imposed on smaller UK-listed companies may be holding businesses back: ow.ly/gluI50VNvsF

#icaewDaily #business
May 6, 2025 at 3:18 PM
Reposted by ICAEW
martinwheatcroft.bsky.social
My #icaewchartoftheweek for @icaew.bsky.social is on Canada this week, highlighting its trade surplus on energy sales to the US, and trade deficits on other goods and services.

Read more: bit.ly/3RLw7UE
A step chart illustrating the differences between Canadian imports and exports in 2024. Left hand column - US exports to Canada: C$601bn = C$36bn energy + C$442bn goods (excluding energy) + C$123bn services. Right hand column - Canada exports to the US: C$650bn = C$171bn energy + C$404bn goods (excluding energy) + C$75bn services. Step 1 - Trade surplus on energy +C$135bn. Step 2 - Trade deficit on goods -C£38bn. Step 3 - Trade deficit on services -C$48bn. 2 May 2025. Chart by Martin Wheatcroft FCA. Design by Sunday. Sources: US Bureau of Economic Analysis; US International Trade Commission. C$1.37 = US1.
May 2, 2025 at 1:47 PM
icaew.bsky.social
The FRC has released guidance for companies to help them enhance their digital annual reports: ow.ly/YToU50VKGgB

#icaewDaily #tax
May 1, 2025 at 8:51 AM
icaew.bsky.social
The introduction of enhanced US tariffs will inevitably strain UK-based and global businesses.

We look at the potential impact of Trump’s tariffs: ow.ly/IViR50VJwI7

#icaewDaily #tariffs
April 29, 2025 at 2:33 PM
icaew.bsky.social
Increased employment costs are hitting SMEs the hardest and elements of the Employment Rights Bill could make hiring harder still, say our members: ow.ly/LnFX50VHB9Z

#icaewDaily #government
April 25, 2025 at 3:03 PM
icaew.bsky.social
Taking your business to the next level can be extremely difficult.

We explore the common challenges and best strategies for scaling up: ow.ly/c22B50VCw3W

#icaewDaily #business
April 22, 2025 at 2:14 PM
icaew.bsky.social
A new survey on artificial intelligence reveals a willingness among chartered accountants to make use of it, but new skills are needed: ow.ly/hNQ950VzQh7

#icaewDaily #artificialintelligence
April 14, 2025 at 10:51 AM