Bolton Wanderers has announced that it has been granted a third and final adjournment of 14 days by the High Court in respect of the winding up petition brought by HMRC over an unpaid bill for £2.2m in tax and VAT at the football club

Top executives at banks and financial institutions, including CEOs and chairs of audit committees, are to face much stricter levels of accountability with the introduction of a new Senior Managers Regime governed by the Prudential Regulation Authority (PRA), which introduces a criminal offence for senior managers in the event of the failure of a major institution

Legalising cannabis sales in the UK could bring in between £500m and £1bn annually in tax, according to a report on developing a framework for a regulated cannabis market put out by the Liberal Democrats, which suggests the drug should be taxed in line with its potency, taking a leaf from Colorado in the US