The decision in the Ingenious partnerships tax case highlights risks around leveraged loan-based investments, says Tessa Lorimer, special counsel, tax investigations team, Withers 

Haike Chemical Group, a speciality chemicals company based in China and listed on the London Stock Exchange,  has revealed a CNY 176.2m (£19.8m) accounting error in its reported revenue for the first six months of 2016, after an ‘administrative oversight’ meant it wrongly included revenues from two business which it had sold off a year before

KPMG and two of its audit partners who are ICAEW members, plus a CIMA member, are to face a disciplinary tribunal over their handling of the audit of Lloyd’s Syndicate 218 (Equity Red Star), a specialist motor insurer, following an investigation by the Financial Reporting Council (FRC)