ICB Member Technical Update

Key Details

Event Closed

14 May 2024
02:00 PM
Members only
ICB Online Events, Online Webinar, Online


ICB members and students are invited to join Tax Expert Amy Chin for a regular session that keeps you up to date with all the changes that impact the profession. For this session, Amy will cover important changes affecting the 2024-25 tax year (listed below) and will also take member questions. 

Basis Period Reform
  • Reminder of the basics
  • Transitional profits
  • How to fill in the SA return
  • Pitfalls and exclusions
Cash basis by default 
  • Why opt out?
  • Why opt in? 
(FYI Cash Basis vs Accruals will be covered in by Rebecca Benneyworth on Weds 22 May. Book here)
MTD beta
  • BETA (private testing) now live
  • Who can volunteer?
  • New penalties regime