Planned reforms to IR35 off-payroll regulations which will make public sector bodies responsible for applying the intermediaries rules are predicted to result in a £115m tax loss for the government and a £610m increase in employment costs, according to research by ContractorCalculator

Donald Trump, Republican presidential nominee, continues to refuse to publish his tax returns using the defence of currently being under audit by the Internal Revenue Service (IRS), despite politicians, voters and influential business leaders, putting pressure on him

HMRC has confirmed that the government will update UK rules on compliance with country-by-country reporting (CBCR) to include partnerships by the end of the year

MPs on the Business, Innovation and Skills Committee (BIS) have launched an inquiry into the government’s plans for an industrial strategy, and will be looking at how interventionist it should be in areas such foreign takeovers of British companies and devolved tax powers

HMRC has announced the departure of Mark Dearnley, the IT specialist hired to oversee its transition from the outsourced Aspire contract and move to digital tax accounts, who will leave his post of chief digital and information officer (CDIO) in September, when his contract ends

The number of winding up petitions issued by HMRC has risen by 13% in the last year to close businesses so HMRC can settle unpaid tax bills, highlighting small and medium sized businesses (SMEs) cashflow problems

A rush to avoid the cut in the annual dividend allowance to £5,000 have seen a surge in the volume of profits taken out of businesses as small business owners paid out a record percentage of profits before the April deadline

Three quarters of Europeans want the EU to do more to tackle tax fraud according to a survey commissioned by the European Parliament, which found that only Greece showed a marked resistance to more action in this area

The Office of Tax Simplification (OTS) is seeking feedback on two discussion papers looking at different approaches to small company taxation, namely a ‘look-through’ approach to accounting and the introduction of a Sole Enterprise with Protected Asset (SEPA) model, both of which it says could reduce complexity

MPs are calling on HMRC to make more effort to reduce delays in supplying work history records to workers seeking compensation from historic employers over claims relating to occupational diseases particularly from asbestos related illnesses 

Plans to cut the Northern Ireland corporation tax rate by 7.5% to 12.5% on a par with Ireland will cost around £500m over three years in lost tax revenues according to latest estimates

The Belgian government has lost its initial appeal against a European Commission ruling that its ‘excess profit’ tax scheme amounts to illegal state aid to Belgium subsidiaries of multinational companies