The five candidates who are standing in the Conservative party leadership election are coming under pressure to publish their tax returns as part of a move to ensure greater transparency over the financial affairs of the MP who goes on to become prime minister
Chancellor George Osborne is mulling plans to cut corporation tax to under 15% in a bid to encourage continued business investment in the UK following the decision to exit the EU
HMRC has published revised guidance on the rules regarding VAT and the transfer of a going concern (TOGC), following the Upper Tribunal (UT) judgement in the case of Intelligent Managed Services Limited (IMSL)
The taxation regime for childcare support has become very complex and it is difficult for parents to understand how different schemes interact according to analysis by the Low Incomes Tax Reform Group (LITRG), which is warning there is a risk this confusion may lead parents to make the wrong financial decisions on which support scheme or combination of schemes to use
The first set of annual receipts for Scotland’s two main devolved taxes, Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT), show returns have exceeded projections, according to data from the Scottish government
The US is home to more than half of the top 100 global companies, which have shrunk in size for the first time since the financial crisis, according to research from PwC which shows that technology companies have now outpaced the financial services sector
A group of film producers, accountants, financial advisors and investment bankers have been jailed for more than 36 years for trying to cheat the tax system out of £2.2m
In the week when the UK is remembering the Battle of the Somme, the government has announced that £1.3m is to be pledged to building a new visitor centre close to several First World War battlefields in France, funded from banking fines levied on the industry in the wake of the Libor scandal
Companies House has issued a reminder that from now on, companies will have to declare who owns or controls them as part of the information they file, as the regime for the People with Significant Control (PSC) register came into force on 30 June 2016
Two retired accountants are behind a major remembrance project at Thiepval, the Somme memorial site which is the focus of commemorative events on 1 July, marking 100 years since the start of the deadliest battle of World War One
People appointments this week include a new partner at KPMG, a new leader at EY, Smith & Williamson gets a new director, BIS fills the role of secretary general
The Financial Reporting Council (FRC) has signalled its intention to issue annual reminder letters aimed at smaller quoted companies highlighting key areas of focus for investors, along with a range of other initiatives intended to improve audit consistency and comparability
The Charity Commission is seeking feedback from professional advisers, among others, on its plans for using a new power to issue an official warning to charities when it considers that there has been a breach of trust or duty, or other misconduct or mismanagement
A First Tier Tax (FTT) tribunal looking at a case where a travel operator was said to have failed to make PAYE payments for an employee has ended abruptly after HMRC was forced to admit it had sent a letter to the company stating that no tax was owed
The Insolvency Service has given notice that the fees charged to apply for bankruptcy and company insolvency will change later this month, as part of a bid to place the agency on a more sustainable financial platform
The Spanish authorities have made a raid on the Madrid offices of technology giant Google as part of an investigation into the multinational’s tax arrangements, which have come under scrutiny in a number of European countries
Accountant steals from his place of work to fund gambling addiction, ACCA member jailed for failing to declare income and accountant skips bail after failing to turn up for sentencing on fraud
Download the HMRC CGT indexation allowance for March 2016, RPI Index for May 2016 and HMRC rates of interest, changes to stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more
Graham Elliott, director, City & Cambridge Consultancy on HMRC IBAN changing its VAT payments, property zero rate ‘clawback’, Airtours accountancy fees and CJEU favouring HMRC
Jackie Hall, partner, RSM on extended late penalty paayment scheme for PAYE, tax relief on pensions for Scottish taxpayers, exemption for trivial benefits and reform of off-payroll rules
Professional development news roundup includes long hours' culture in Carreras case, PwC restructures executive board, Moore & Smalley reports record profits
News in the audit sector include audit quality inspections reports, FRC criticises handling of revenue recognition and supplier agreements, KPMG rapped for ethical issues over non-audit services
A roundup of current consultations from HMRC, including employee share schemes NIC elections, underwriting standards for buy-to-let mortgage contracts, draft rules on corporate offence of failure to prevent criminal facilitation, reforms to corporation tax loss relief and secondary adjustments to UK domestic transfer pricing rules
Eight years after the crash when the likes of Lehman Brothers and Northern Rock collapsed and a raft of UK banks including HBOS were forced into state ownership, the new EU Audit Regulation and Directive (ARD) is now in force across the EU.
The transition to FRS 102 accounting from old UK GAAP needs careful consideration to avoid contravening tax rules, warns Steve Collings, audit and technical partner at Leavitt Walmsley Associates
A national data-sharing exercise involving over 100 public bodies has uncovered nearly £17m of fraud and error across services in Scotland, Audit Scotland reports
Two former PwC employees, both French nationals, have been given suspended sentences for their role in revealing confidential data about the Luxembourg authorities’ tax deals with large companies, which formed form part of the so-called ‘LuxLeaks’ investigation
Mark Orton and Blair Nimmo, partners with KPMG restructuring, have been appointed joint administrators to MLCG Ltd, the convenience store chain trading as My Local which has 125 trading stores across the UK and has collapsed putting some 1700 jobs at risk
The Charity Commission has launched a statutory class inquiry into over 60 Royal Air Force (RAF) mess charities after receiving notification of a £72,000 fraud at two of them, which has prompted questions about governance and financial controls
Ahead of the final committee stage of Finance Bill 2016, accountancy bodies are flagging up concerns about a proposed new Targeted Anti-Avoidance Rule (TAAR) relating to share capital distributions when a company is wound up, saying it needs further clarification or risks negatively impacting some genuine commercial transactions
The OECD has published new guidance on the implementation of country-by-country reporting (CBCR) in order to clarify some questions of interpretation, as part of its ongoing efforts to boost transparency in international tax matters and ensure consistent and swift adoption of the new rules
Improvements to the communicative value of financial statements will be at the heart of Hans Hoogervorst’s second term as chairman of the International Accounting Standards Board (IASB)
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