Accountants, bankers, lawyers and other advisers who enable offshore tax evasion face tough new sanctions from the start of 2017, including being publicly ‘named and shamed’

Taxpayers remained in the party spirit this year with 8,390 (34%) less people choosing to submit their self-assessment tax return online on New Years Eve, compared to last year’s record breaking figure of 24,546

The recent slump in oil prices has caused a rise in the number of UK oil and gas sector insolvencies with 16 companies becoming insolvent in 2016, up from only two the previous year, according to research from Moore Stephens

With the self assessment online deadline closing at the end of the month the UK’s sole traders are set to spend 9.5 hours doing their tax returns, according to research by expenses management app provider 1Tap Receipts which also identified very low levels of understanding about HMRC’s making tax digital (MTD) plans

Chief Secretary to the Treasury, David Gauke, has announced that the new 12-sided £1 coin will enter circulation on 28 March 2017, with government launching a campaign urging the public to return round £1 coins by 15 October 2017

Chief Financial Officers (CFOs) at the UK’s largest businesses are entering 2017 more optimistic than at any time in the previous 18 months, but are focusing on defensive balance sheet strategies and remain very worried about Brexit, according to research from Deloitte

A Charity Commission inquiry into REDAID, which was set up to provide relief for the victims of natural disasters worldwide, has found that charity failed to carry out its declared aims and had poor financial controls, with irregularities identified in the way that it operated its bank account

Jackie Hall ACA CTA, partner at RSM on Apprenticeship Levy, compliance issues with the rise of the sharing and gig economies, Australian backpacker tax

 This month's review of tax cases and tax news including notifications on complex offshore financial arrangements, no delay for Making Tax Digital, inaccuracy penalty suspended, research and development (R&D) relief denied

In our monthly roundup of developments in audit and governance, Legal & General ends 31-year PwC term, Sports Direct probe launched, GSK moves £20m audit to Deloitte

In this month’s roundup of developments in accounting and financial reporting, FRC clarification on what constitutes 'true and fair', FRS 101 amended to align with IFRS 16 Leases, FCA to tighten crowdfunding regulations

Download the HMRC CGT indexation allowance for September 2016, RPI Index for November 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, VAT expert and director at City & Cambridge Consultancy, examines the Boggis ruling on definition of dwelling, input tax allowed in management buyout, input tax at Durham Cathedral

Professional development news roundup includes, Harlequin wins Wilkins Kennedy claim, Eclipse tax bills, rest periods in Grange case, HMRC to relocate Whitehall staff, tighter governance of private companies

In this month's legal updates, experts at law firm Gateley plc consider 'close of business' when filing receipts, breach of director duties but no compensation, consultation on expanding PSC regime