The time constraints involved in the Making Tax Digital (MTD) scheme appear to be one of the main concerns to taxpayers, according to polling results and questions asked during one of HMRC’s MTD webinars

PwC has reported a second consecutive year of double digit revenue growth, with revenues up by 11% to £3.44bn making it the largest firm in the UK, but distributable profit per partner has dipped by 5% due to the firm’s investment strategy and a greater number of equity partners

The government is set to consult on plans to extend the scope of the criminal offence of a corporation ‘failing to prevent’ offending beyond bribery to include other economic crimes, such as money laundering, false accounting and fraud, saying it wants to ensure senior management takes responsibility for any financial wrongdoing which is uncovered

The Welsh government is publishing a bill today to introduce a new land transaction tax (LTT), which will replace stamp duty land tax in Wales from April 2018, marking the first time Wales has raised its own taxes in nearly 800 years

A double glazing salesman and football match entertainer has been ordered by HMRC to repay £50,000 in stolen taxes, having previously been sentenced for tax fraud in April 2016

UK passport holders may have to pay for a visa to access the EU after the UK leaves the union as part of plans currently under review by the European Commission

Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), has indicated it intends to publish the long-awaited insurance standard early next year, branding the current lack of comparability and the often poor quality of existing accounting practices in the insurance industry around the world as ‘unacceptable’

Slovakia, the current president of the EU council, challenges finance ministers from all the EU member states to introduce mandatory disclosure rules for intermediaries including accountants who seek to profit from the promotion, design or implementation of tax avoidance schemes

Eleven of the leading pension providers will build a pensions dashboard prototype ready to launch by March 2017, allowing savers to see all their pension pots in one place

As part of the preparation for full digitisation of HMRC services, the tax authority is reviewing the paper communications it currently has with tax agents about corporation tax returns