Without substantial tax rises, or better-than-expected economic growth, the Prime Minister’s aim of ‘ending austerity’ leaves Philip Hammond facing some tough choices for the Budget later this month, analysis by the Institute for Fiscal Studies (IFS) suggests

The UK is ‘largely compliant’ with the requirements of the international standard on transparency and exchange of information on request (EOIR), but still needs to ensure that information recorded is adequate, accurate and up to date, according to the latest assessment from the OECD

A Lords sub-committee has taken evidence from experts on the digitisation of VAT returns by businesses with turnover above £85,000, which is due to begin in April 2019, and information provided by HMRC on the preparations they need to make

The Charity Commission has opened a class statutory inquiry into two London-based charities, Future Vision Care and Future Vision Consortium, over concerns that charitable funds may be at risk

The Financial Conduct Authority (FCA) has published a discussion paper on climate change, saying its effects and the associated transition to a low carbon economy may have a major impact on financial markets and on products that serve those markets

Andrew Sheridan and Geoff Rowley, partners at FRP Advisory, have been appointed as administrators to Bloodhound Programme Ltd, the company behind a project to break the land speed world record by creating a supersonic racing car capable of doing 1,000mph, which has run out of funds

Croner Taxwise tax adviser Sohail Butt FCCA considers the use of Chargeable Gains relief to claim relief on a rental portfolio by incorporating the business