The World Trade Organisation (WTO) has published its latest ruling on whether conditional tax incentives established by the state of Washington for aircraft manufacturers favoured local supplier Boeing over international competitors and has found some grounds to support the EU’s complaint of unlawful state aid

The rapid move towards a fully digitised tax reporting landscape for businesses with the introduction of digital personal tax reporting will have serious repercussions for the value of tax-based fees at accountancy firms, warns Keith Underwood, managing director of Foulger Underwood Assocates

There are reports that Boeing is about to be hit with a claim for up to $9bn (£7.23bn) in the latest stage of a long-running battle over claims of illegal tax breaks, with indications that the World Trade Organisation (WTO) is set to find in favour of the EU which brought the latest complaint that the US aerospace manufacturer has broken state aid rules

Chancellor Philip Hammond missed the opportunity to make the tax code more equipped for the digital age with a root and branch review, says Grant Thornton head of tax Jonathan Riley

Bill Dodwell, head of tax policy at Deloitte and president of the CIOT considers the key tax measures announced in the Budget and the impact on businesses from interest deductibility to lower corporation tax, a curb on salary sacrific and increased national insurance costs for employers

Opinion is divided as to the impact on company car provision following the Chancellor’s announcement in the Autumn Statement of a radical overhaul of the current salary sacrifice arrangements, with suggestions that there is likely to be a rush of purchases pushed through before the April 2017 start date for the new tax regime

Cameroon footballer Samuel Eto’o, the most decorated African player of all time, is facing a potential 10-year prison sentence and a £12m fine for alleged tax crimes which occurred during this time with the Spanish club Barcelona

Chancellor Philip Hammond’s real bombshell was that the twice a year Budget/Autumn Statement cycle is to be broken, but not scrapped, says ACCA head of taxation Chas Roy-Chowdhury

The Autumn Statement included details of an additional £79.4m in funding over the lifetime of this Parliament for the Department for International Trade (DIT) to build capacity to support the UK’s exit from the EU and negotiations for the best possible global trading arrangements for the UK.

Part of the rationale behind the decision to drop the Autumn Statement was acceptance by the government that continual changes to the tax code are damaging for business, so it has now streamlined the Budget process and committed to an improved consultation process

The Autumn Statement contained measures to incentivise take-up of ultra low emission vehicles (ULEVs), by reforming the appropriate percentage banding structure used in establishing the taxable benefit for ULEV company cars and funding more development work. 

Museums and galleries are set to benefit from tax relief for permanent exhibitions, an extension of the touring exhibitions relief already in place