HMRC has announced the second phase of a consultation on the tax deductibility of corporate interest expense, which will look at the detailed policy design and implementation of new rules designed to bring the UK in line with the OECD’s Base Erosion and Profit Shifting (BEPS) project and address aggressive tax planning by multinational companies (MNCs) 

The UK software division of Wolters Kluwer has launched an initiative to integrate its UK software with a number of UK cloud accounting providers in a move that helps accountants improve efficiency and their service offering to small and medium sized businesses

HMRC is to delay the consultations on the technical details for the rollout of digital tax accounts and quarterly reporting until after the referendum on 23 June despite plans to start beta testing on quarterly reporting this July

The Budget 2016 brought good news for owner managers and shareholders in private trading companies, says Peter Rayney, who considers the new tax breaks as capital gains tax (CGT) was cut by 8% bringing the new rate down to 20%

A move to curb the use of shareholder and directors' loans under section 455 of CTA 2010 will raise the tax liability for directors, warns Cathy Corns, corporate tax partner at Mercer & Hole. Find out how the changes will hit company owners with a selection of worked examples

A decade ago, 6 April 2006 (A-Day) saw the introduction of a new ‘simplified’ tax regime for pensions. Ten years on, Jane Beverley, head of research at pensions expert, Punter Southall, reflects on the current tax position on pensions and considers some of the key changes affecting tax liability for pension savers including the lifetime allowance

A group of influential tax and policy-making institutes have set up a taskforce to review tax policy processes in a bid to force the government to review its complex and oftentimes incoherent tax policy, and improve transparency over the consultation process when new tax measures and draft law is proposed

The Court of Appeal has ruled in favour of HMRC in a £27m tax avoidance case involving the Bank of Ireland, which was described as trying to exploit a loophole that did not exist, in a transaction involving its subsidiary Bristol & West that took place in 2003

Thousands of documents revealing the extent of the Panama Papers is due to be released later today by the International Consortium of Investigative Journalists (ICIJ), with a searchable database of information on more than 200,000 offshore entities from the files held by Panamanian law firm Mossack Fonseca

All that glitters is not gold in HMRC’s eyes, as it announces an immediate clampdown on disguised remuneration schemes using gold bullion as an asset, saying in its view these are categorised as tax avoidance and warning that it plans to crack down on individuals who continue to use them

Australia plans t to follow the UK with the introduction of a diverted profits tax (DPT) – the so-called Google tax - which will introduce a penalty rate of tax for multinational companies found to have moved profits offshore to improve corporate tax transparency, effectively charging a 10% tax premium

HMRC is to review the tick-box approach to IR35 and the associated employment status issues but will it work this time, asks Howard Royse ACA, sole practitioner at Howard Royse Ltd