At least 150,000 UK workers are set for a pay rise as the new Living Wage hourly rates rise to £8.75 around the UK, and £10.20 in London, but research from KPMG shows one in five workers are paid below this level, meaning that an estimated 5.5m employees are struggling to get out of in-work poverty

HMRC is seeking feedback on a second tranche of draft guidance relating to reform of corporation tax loss relief, focusing on group relief for carried forward losses and the relaxation of carried-forward non-trade losses

Today at half past three the Public Accounts Committee (PAC) will be holding an oral evidence session with key members of HMRC, including chief executive Jon Thompson, over the tax authority’s performance in 2016-17

The Office of Tax Simplification (OTS) is to publish a report later this week setting out a range of proposals for simplifying VAT, arguing that after more than 40 years what was meant to be a simple tax has become highly complex and has not kept pace with changes in society

The US Public Company Accounting Oversight Board (PCAOB) has entered into a cooperative agreement with the Irish Auditing and Accounting Supervisory Authority (IAASA) which allows for joint inspections in the oversight of audit firms subject to the regulatory jurisdiction of both organisations, reflecting growing levels of US companies setting up in Ireland

There have been fresh revelations of large multinationals and wealthy individuals holding substantial sums offshore as part of complex financial arrangements, with the release of the so-called ‘Paradise Papers’ detailing the overseas tax planning of hi tech and commodity companies, the Queen, members of the Trump administration and others

HMRC has published guidance for businesses on the introduction of the soft drinks industry levy, or so-called ‘sugar tax’, which comes into effect from 6 April 2018

Clive Cobb has become the second director to be disqualified from a Plymouth bakery company in two years after failing to pay £143,000 in tax to HMRC