Manchester United’s Alexis Sanchez has accepted a 16-month prison sentence for committing a €1m (£890,000) tax fraud during his time at Barcelona FC, although he will not spend any time in jail

HMRC has signed a 25-year lease for its Glasgow regional hub with the tax authority planning to move 2,700 employees into the building by 2021, with the Scottish building becoming the tenth lease that HMRC has signed out of the 13 regional centres

The Financial Reporting Council (FRC) is to introduce a new approach to monitoring the top six audit firms, seeking evidence in five areas while also assessing candidates for key roles such as head of audit, the regulator confirmed at its annual priorities meeting

The government has committed to act on all but one of the 53 recommendations from last year’s Taylor review of modern employment practices, with a package of reforms to support the gig economy, but no plans to reduce the difference between the National Insurance Contributions (NICs) of employees and the self-employed

HMRC is consulting on secondary legislation to reduce administrative burdens by simplifying the PAYE settlement agreement (PSA) process, by removing the current requirement on employers to renew their PSA annually, and providing for an ‘enduring agreement’

HMRC has issued guidance covering changes to enveloped UK dwellings and related finance which took effect from 6 April 2017 and limit the availability of excluded property for inheritance tax (IHT), meaning that some properties which were previously excluded may no longer fall into that category

Tesco is facing a class law suit in what is potentially the largest ever equal pay challenge in UK history, which could cost the supermarket giant £4bn to compensate workers for an apparent disparity between store workers and depot workers’ pay