IAB

Today, one of IAB's Directors, Louise Stewart, takes on the Munro Challenge to raise funds for Brain Tumour Research.

Having experienced first-hand the impact of cancer, she's now raising money to support vital research after a close friend and former BBC colleague was diagnosed with a brain tumour.

Everyone at IAB is behind Louise as she takes on this inspiring challenge, and we're proud to support her every step of the way.

If you'd like to learn more about Louise's story or support this important cause, you can donate via her JustGiving page:

https://www.justgiving.com/page/louisecstewart-1?utm_medium=FR&utm_source=CL

Making Tax Digital: First Quarterly Update Deadline Approaching

If you're a sole trader or landlord now using Making Tax Digital (MTD) for Income Tax, don't forget that the first quarterly update must be submitted by 7 August 2026.

This applies to individuals with qualifying income over £50,000 from self-employment and/or property, who joined MTD from April 2026.

Quarterly updates must be submitted using HMRC-compatible software and do not replace your annual tax return, which is still due by 31 January.

If you haven't already:
✔ Check you're signed up for Making Tax Digital
✔ Ensure you're using compatible software
✔ Submit your first quarterly update before the deadline

The move to digital reporting is a significant change, but staying on top of deadlines now will help make the transition smoother.

🌟 Are you interested in becoming an IAB accredited centre?
IAB accredited centres gain access to our Ofqual-regulated qualifications and are recognised for meeting high standards in financial education.

📍 Apply to become an IAB Accredited Centre here - https://www.iab.org.uk/centres/

🔹 No matter where you are in your career, unleash your potential with the Institute of Accountants and Bookkeepers. Whether you're launching a business, expanding your practice, or sharpening your skills as an employee, the IAB delivers the exact pathway you need to reach your goals.

✨ As a leading global membership organisation and awarding body, we fuel the ambitions of professionals providing accredited training, expert support, and continuous professional growth.

By joining the IAB you unlock special privileges such access to our monthly CPD accredited coffee mornings, dedicated ambassador support groups, and a variety of member benefits tailored to enhance your professional journey

📍 Find out more about our IAB Membership here - https://www.iab.org.uk/membership/

🔸 HMRC strengthens reward scheme for informants! HMRC has strengthened its reward scheme for informants to help tackle serious tax non-compliance involving large corporates, wealthy individuals, offshore structures, and avoidance schemes.

Under the strengthened scheme, eligible informants who provide information which leads directly to more than £1.5 million in additional tax being collected by HMRC could receive between 15% and 30% of the additional tax collected.

HMRC has produced a trade webinar and YouTube explainer providing further information on the strengthened scheme and how it works.

📌 You can access the trade webinar here: https://register.gotowebinar.com/register/3320657511868689749

👉 You can watch the YouTube explainer here: What is the Informants Scheme? https://www.youtube.com/watch?v=wsmzQR-Uhqc

🔹 Further information on reporting suspected tax fraud, evasion or avoidance is available on GOV.UK: Report tax fraud or avoidance to HMRC! https://www.gov.uk/report-tax-fraud

Don't miss Accountex Summit Manchester ⭐
Join us at Manchester Central on Tuesday 15th September. Earn 8 CPD hours, discover new trends in accountancy and finance, and connect with thousands of other accountants, bookkeepers and finance professionals.

Here’s what’s in store:
🤝135+ exhibitors
💡 5 theatres
🎤 95+ speakers

Register now for the North’s number 1 event for accountancy, bookkeeping and finance 👉 https://eventdata.uk/Visitor/AccountexSummitManchester2026.aspx?TrackingCode=ASM635

⌛ The July 2026 IAB Coffee Morning begins at 11AM this morning! Make sure to join us for the expert filled session and to receive your CPD certificate.

Tomorrow, the UK-India Free Trade Agreement comes into force.

Yesterday, I had the privilege of speaking at the UK India Leaders Conference in Parliament, organised by the Europe India Centre for Business & Industry (EICBI) and Water & Shark, alongside an outstanding panel including Sujit S. Nair, Harsh Patel, Dr David Bozward, Abhishek Tripathi, Harjot Singh, Lord Rami Ranger, Lord Kuldip Sahota and MP Navendu Mishra.

The discussions focused on one question: how do we turn a trade agreement into real economic growth?

For me, the answer is simple. It starts with people.

Before this agreement came into force, the IAB recognised that stronger UK-India trade would require a new generation of finance professionals equipped to work confidently across international markets.

That is why, in 2024, we developed the Certified International Accounting Professional (CIAP) qualification and established our partnership with the National Skill Development Corporation (Government of India) and Veranda Learning.

CIAP is about far more than technical competence. It develops finance professionals with the cultural awareness, communication skills and international mindset needed to support businesses operating across borders.

I'm incredibly proud that our first CIAP graduates are already blazing the trail.

My hope is that they become the finance professionals who help underpin the next chapter of the UK-India relationship, turning opportunity into investment, trade and long term economic growth.

Sometimes qualifications don't just respond to change.

They help make it possible.

Find out more about the conference here - https://www.eicbi.org/uk-india-leaders-conference

🔹 IAB CEO Sarah Palmer featuring on the International Accounting Forum panel! Very informative day with expert leaders discussing the future of accounting and the impact of AI.

📌 Click here to watch the highlights from the day - https://www.youtube.com/watch?v=Xj045P_GtJE

International Accounting Forum 2026 Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

IAB Coffee Morning: Your chance to connect, learn and receive 1 verified CPD point.
📅 Date: Wednesday 15th July 2026
🕚 Time: 11am
📍 Location: Online

We have expert speakers from Xero, SME Business Awards and Fables Agency joining us for the July session. We will be discussing how you can grow your practice and make it more efficient along with the importance of using brand and tone of voice. There are many opportunities available for IAB members at the SME Business Awards, which we will share more details on to!

🔹 Find out more details on our Coffee Mornings here - https://www.iab.org.uk/coffee-morning/