The UK has seen an 11.6% decline in the number of properties available to rent over the last six years, due to landlords selling their portfolios to avoid making a loss and changes in the way buy-to-let investments are taxed 

The OECD has issued a consultation to guage feedback on additional guidance on the application of BEPS Action 7 Preventing the Artificial Avoidance of Permanent Establishment Status, which will be used as the framework rules to determine the attribution of profits to permanent establishments (PEs)

Newcastle United FC has sought a judicial review to probe HMRC's seizure of tax documents from the club, which is set to be held from the 27 to 28 July

A tax avoidance scheme involving UK-based ‘supercars’ being stolen and transported to Thailand has been shut down by Thai investigators

In this week’s moves and appointments roundup, Mazars gains a financial planning partner, Moore Stephens hires a senior executive to strengthen research and development efforts and ICAEW  West Yorkshire and York appoints its youngest ever president 

Only a third (32%) of FTSE 100 companies are providing ‘tangible’ metrics on risks or their mitigation within the strategic report, according to the Chartered Institute of Internal Auditors (CIIA)

Research has revealed that almost half (45%) of accounting professionals stay at their desk during lunch and 5% skip lunch altogether, with over half of finance professionals stating that long working hours would motivate them to leave their current role

A taxpayer’s appeal against several late filing penalties from HMRC has been partly allowed, with the First Tier Tribunal cancelling a 12-month penalty due to special circumstances but ruled that there was no reasonable excuse for fling the tax return late

Deloitte Tax LLP has signed an agreement with Thomson Reuters to combine its global tax technology and intelligence software with Deloitte’s direct and indirect tax services to help companies address increasingly complex regulatory and tax compliance issues for companies operating across multiple jurisdictions

As part of the Base Erosion and Profit Shifting (BEPS) project, the OECD has issued a call for comment on a discussion draft of additional guidance on Action 10 Profit Splits, designed to clarify the application of transfer pricing methods, in particular the transactional profit split method, for multinationals using global distribution and procurement networks