Outgoing HMRC head Lin Homer faced tough questioning during her final appearance in front of the Public Accounts Committee (PAC) yesterday, which took her to task over continuing poor customer service levels, the reorganisation plans and office closures at the tax authority and HMRC’s failure to take greater action over taxpayers who hid assets in accounts with HSBC’s private Swiss bank

ACCA is warning that HMRC is targeting taxpayers who make money from renting out property through Airbnb as the accommodation sharing website gains popularity for short-term lets

Industry bodies representing equipment and auto leasing companies have expressed their concerns about the impact that the new international leasing standard, IFRS 16, Leases, will have on their sectors as companies review leasing arrangements in light of plans to bring leases on to the balance sheet for the first time from 2019