Thursday, June 25, 2020

COVID Exams

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Wednesday, June 10, 2020

Izza Looks To an FCA's Wider Social Purpose

Michael Izza, ICAEW Chief Executive

The Sustainable Development Goals are an important framework to ensure governments and businesses are pursuing the long-term public interest, so we hope the Prime Minister will use them as a foundation for the UK’s post-Covid recovery plans.

As chartered accountants we think it’s vital businesses look beyond profit and have a wider social purpose, and we’re pleased to have so many organisations join our call to government to put these goals front and centre.


Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Monday, May 11, 2020

Happy Royal Charter Day



140 years ago today.


Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Monday, May 04, 2020

Become a Chartered Star

As per the ICAEW:

Become a Chartered Star

If you are a leader aged 18 – 35 with a passion for global issues and a track record of making a significant impact in your community, country or organisation, then you could be part of 2020’s One Young World delegation.

2019 Chartered Stars

Find out from last year’s winners why you should enter
Find out more

Entry criteria

We’re looking for young ICAEW members or ACA students who really stands out and who can demonstrate true leadership, has the ability to inspire and motivate others, and a vision of how they – and the profession – can have a positive impact on society. Our winners should demonstrate:
  • a genuine passion for the chartered accountancy profession and the key global challenges it faces;
  • the confidence to represent ICAEW and Chartered Accountants Worldwide on the world stage;
  • excellent communication skills and an active social media network, comfortable using different social media tools and confidence speaking in front of a camera; and
  • significant leadership skills in their roles, being able to demonstrate the values of ICAEW and Chartered Accountants Worldwide.

How to enter

Individuals must produce a video/vlog pitch of no more than five minutes.

Your pitch should focus on one of the five One Young World 2020 plenary session themes and how chartered accountants and the profession can contribute to these.
  • The Climate Crisis - 10 Years To Go, Can We Deliver The Paris Agreement?
  • Rights and Freedoms - How Can We Defend Rights Online And Offline?
  • Education - How Can We Prepare For The 4th Industrial Revolution?
  • Conflict Resolutions - Authoritarianism Is On The Rise; How Can We De-Escalate Tensions?
  • Future Economies - How Can Economic Growth Be More Just?
The video / vlog should be published and shared on a social media platform of your choice and must include the hashtag #CharteredStar.

Feel free to include one of the following ICAEW handles/tags if you'd like us to promote the piece:
Please note that the number of likes/shares of the pitch will not influence the Judges’ decision.

The final step to complete your entry, send a link to your published content to francesca.sharp@icaew.com. Entries must be submitted by midnight on Sunday 10 May 2020.
Any questions during the process please contact francesca.sharp@icaew.com

The judging process

The successful candidates will be chosen by a judging panel and all candidates should inform their employer of their intention to enter the competition to ensure that they will be able to attend the One Young World Summit.

How we use your data

The protection of personal privacy is an important concern to ICAEW. Any personal data collected will be treated in accordance with current data protection legislation.

We will use your personal data for the administration of the competition. ICAEW will not use or share personal data provided with third parties for marketing purposes. The winner will receive their prize direct from the competition sponsor.

For more information about our data protection policy, please go to icaew.com/dataprotection

Terms and conditions

Read the full terms and conditions for this competition.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Friday, May 01, 2020

ICAEW Warns of The Calm Before The Storm wrt Insolvencies

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Thursday, April 30, 2020

Izza Calls on Members To Maintain Ethical and Professional Standards

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

The ICAEW Communities

As per the ICAEW
"There are a number of ICAEW Communities which you can join free as part of your ICAEW membership. Covering a range of different industries, life stages and specialisms, our communities give you access to an array of webinars, resources and content specific to you and your sector.

All you need to do is join a community to start hearing about:

  • The impact of COVID-19 on your sector: the funding options available, how to support businesses in difficulty, and what the future may look like as different industries consider how they will come through the lockdown

  • How to thrive in a virtual world: hints and tips for working remotely, covering issues such as how to remain an effective director, how to successfully run virtual board meetings, and how to speak professionally online

  • How data analytics is transforming business: hear how finance professionals can use data analytics to transform the decision-making process and move up the value chain by discovering opportunities, managing risks, and reducing fraud

  • Planning personal finances in uncertain times: understand how market turbulence caused by Brexit and COVID-19 is impacting investment strategies and what recent fiscal changes may mean for those planning retirement"


How we can help

We want you to know that ICAEW is here to support you in every way we can. During what is an extremely difficult and uncertain time for everyone, these communities are perfectly positioned to provide you with highly relevant and tailored content.


Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

Thursday, April 16, 2020

ICAEW Cashflow Guide for Finance Professionals

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Please click here for details.

Monday, March 30, 2020

Coronavirus: the Chancellor's Statement - Michael Izza's Message to Members

Coronavirus: the Chancellor's statement - Michael Izza's message to members

20 March 2020: the Chancellor's announcement this evening of a far-reaching package of measures allows businesses in this country to stand by their employees at a time of national emergency.
Such direct action by Government to keep people in employment is a really good start. It should make a difference to how people feel and keep them working and spending. The real battle now is for public confidence: if we can sustain that, the economics will follow.

Much of the detail is still being worked up and we expect more information to follow (for example on the self-employed). As soon as we can, ICAEW will provide you with more in-depth comments to help you navigate the support now on offer. In the meantime, please keep us updated on the issues you are facing through this form on our website.

Thank you to those who have already been in touch with us to share your issues and concerns. These are providing us with valuable insights to share in my conversations with government departments, the Bank of England and others, as well as helping our teams to prioritise their activities. So far, we have seen some key themes emerging around: -
  • Tax
    Many of your comments relate to tax reliefs. On Thursday, our Head of Tax, Frank Haskew wrote to Rt Hon Jessie Norman MP urging HMRC to show flexibility and creativity over the coming weeks. We recommended leveraging employers’ NICs, perhaps through the use of employment grants, such as Coronavirus Retention Scheme, to keep people in work, a measure similar to what was announced by the Chancellor this evening. Administering the new loan scheme will be a huge ask for HMRC, so we are urging them to defer - with immediate effect - any other planned, but non-essential, changes to the tax system.  This will help ensure that chartered accountants can focus on supporting their clients through this period.
  • Business funding
    Prompt and easy access to funding, such as loans and grants, from as wide a range of reputable and regulated finance providers as possible is also a clear concern. David Petrie in our Corporate Finance Faculty has been working closely with the British Business Bank to try to get funds to where they’re needed (notwithstanding the limitations of the CBILS). Access and then understanding the funding is a real issue for businesses as I discussed with the Governor of the Bank of England today.
  • Paying wages
    The Government’s plans will help keep people in employment and on payroll. We recognise that there are gaps and more clarity is needed and will be making that point to Ministers.
Like many of you, I worked through 9/11 and the 2008 financial crisis, but this is unprecedented. I know members are doing everything they can to help their employees and clients, with many trying hard to stay afloat themselves. Once again, I want to reassure you of our commitment to helping our members during this crisis. Our Technical team is working tirelessly to unpick the detail, help policymakers with their decision making and supply the resources you urgently need at this time.

The situation and the information available continue to change rapidly, but we promise to keep you informed.  You can find our latest guidance on our website. Listening to feedback, we have now created a new page summarising the latest practical business advice to help you better support your clients.

Thank you for everything you are doing.

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Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Please click here for details.

Friday, March 20, 2020

ICAEW Exams Update - #COVID19

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Please click here for details.

Monday, February 03, 2020

Mad Mike Hoare (Ex Member of the ICAEW) Dies Aged 100


As per the ICAEW Archive
"Among chartered accountants past and present, few could be more infamous than former FCA Thomas Michael Hoare. A hero to many, a villain to others, Hoare was born in India in 1920. After serving as a British army captain in North Africa during WWII, he qualified as an ICAEW member in 1948.

Hoare came to international attention through his activities in postcolonial Africa in the 1960s. As perhaps the world’s most famous mercenary since Xenophon, he conducted operations in the rebellious Congolese province of Katanga.

A couple of years later, his group, now known as ‘5 Commando’, worked with Belgian paratroopers to rescue civilian hostages held by Simba rebels in Stanleyville. This operation saved hundreds of lives.


However, his actions, during what was seen by many as a proxy war between the Soviet Union and the West, led to opprobrium from behind the Iron Curtain. East German radio demonised him as ‘the mad bloodhound Mike Hoare’, usually now shortened to ‘Mad Mike’ by fans and detractors alike.
The silver screen paid its own tribute to Hoare with the film The Wild Geese, in which Richard Burton’s character was believed to have been modelled on Hoare himself. Hoare was employed as a technical advisor on the film.

Although many ICAEW members considered his activities unsavoury, the institute was unable to expel Hoare from membership. He had not broken any ICAEW rule and was also scrupulous about paying his membership subscription.

In 1981, his failed coup d’├ętat in the Seychelles changed all that. Hoare and his followers had landed in the country disguised as a charitable drinking club known as ‘The Ancient Order of Froth-Blowers’ with their weapons hidden beneath false bottoms in their luggage. After heavy fighting at Mahe airport, Hoare and his team refuelled and then boarded an Air India aircraft, directing the captain to fly them to South Africa. Hoare was later found guilty of hijacking and was sentenced to 10 years in prison. On the back of his criminal record, ICAEW excluded him from membership in August 1983.

Hoare still resides in South Africa and has published numerous books about his experiences. To our knowledge, he no longer practises as an accountant."

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountants (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Please click here for details