The US ways and means committee has formally introduced legislation to the House of Representatives to overhaul the US tax code, with the Tax Cuts and Jobs Act which will slash corporate tax to 20% and is intended to fulfil president Donald Trump’s pledges during his election campaign and first months of office

HMRC has announced its first partnership with a university to enable trainee teachers to deliver a programme on the facts of tax to local school children

For the first time since July 2007, the Bank of England (BoE) has raised interest rates from 0.25% to 0.5% to help curb high inflation

The Scottish government has published a discussion paper to initiate debate about income tax policy ahead of the budget in December, with suggestions that it may be planning to make use of devolved powers to raise rates or change thresholds

Tax relief schemes for investors in entrepreneurial and SME businesses are working as intended and should not be curtailed, RSM has warned following the publication of HMRC’s latest statistics for take up of the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS)

Estonia has once again topped the international tax competitiveness index compiled by the Tax Foundation, a US think tank, while the US is placed at number 30 and the UK at 14 in the rankings with France taking bottom place at number 35

The government has launched a new compliance scheme for social care providers to address underpayments for workers on sleep-in shifts, totalling some £400m, in a bid to ensure workers are paid what they are owed and that services remain financially viable

A taxpayer's appeal against an inaccuracy penalty was dismissed by a First Tier Tribunal (FTT) after it was found he did not take reasonable care to avoid this error by seeking professional advice, therefore the minimum 15% penalty was upheld

Paul Davies ACA, tax writer at CCH, looks at changes to corporate loss-buying rules in light of the corporate loss relief reforms and a raft of complex tax avoidance measures supporting the revised approach, effective retrospectively from 1 April 2017

The Supreme Court has found in favour of HMRC in a long running case concerned the payment of interest on a VAT refund due to Littlewoods, with the judges dismissing the catalogue company’s claim that it was due an additional £1.25bn in compound interest

HMRC has updated its guidance about how to determine the place of supply of services in order to work out where the services are liable to VAT to reflect legislative changes which came into force on 1 November regarding the supply of telecommunications services

Graham Elliott, VAT expert at City & Cambridge Consultancy considers missed direct debit and default surcharge in Spiral Packs case, Mercedes beats HMRc over agile car leases, liability of pension fund management