KPMG senior manager Joseph Selby examines what US citizens worldwide are required to file with the IRS in order to remain compliant with the Foreign Account Tax Compliance Act (FATCA)

Irish airlines Ryanair and Aer Lingus face paying back millions of euros in air travel taxes after the European Court of Justice (ECJ) ruled that they had benefited from unlawful state aid and said the money must be recovered regardless of whether they had actually been able to exercise an unfair economic advantage

From January 2020, listed companies across the EU reporting under IFRS will have to use a specific digital format to present their financial statements to comply with the EU Transparency Directive

Rules to force companies with more than 250 employees to publish information on their gender pay gap are set to come into effect in April, although large limited liability partnerships will be excluded

The decision to maintain Scottish income tax rates at the wider UK rates disguised a move to erode the higher rate tax threshold which will create an immediate £314 earnings hit and will require a NICs review, warns Shirley McIntosh, tax partner at RSM

Corporate governance and shareholder advisory consultancy PIRC has accused the Financial Reporting Council (FRC) of not adhering to the law and failing to operate wholly independently from the accounting profession, and claims the regulator is ‘unsupportable’ in its current form

As part of its international tax training programme, HMRC opened the applications proccess for the 2017 series of courses for tax administrators based in Commonwealth countries, designed to provide robust compliance and enforcement training

As the final online shopping parcels hit the doormat in time for Christmas, HMRC says it has registered a ten-fold increase in the number of internet retailers registering for VAT since gaining new powers in regards to overseas sellers

Johnston Carmichael, Scotland’s largest independent firm, has reported growth of 3% in the year ending May 2016, breaking the £40m revenue barrier for the first time

The Financial Reporting Council (FRC) has made clear it is holding to its view that Companies Act legislation does not require companies to publish detailed information on dividend payments in order to provide ‘true and fair’ accounts under IFRS, in response to a challenge from the House of Lords economic affairs committee