Six men have been jailed for a total of 45 years for a £107.9m tax crime, which HMRC says is one of the UK’s biggest, based on a fake eco-investment scheme they sold as a tax break for wealthy investors

HMRC has confirmed that worldwide subsistence rates for expenses claims for employees travelling outside the UK will not be increased to account for post Brexit currency depreciation or inflation

Tech giant Apple’s tax arrangements are in the spotlight once more, as leaked documents from the Paradise Papers outline how the company sought to locate a new low tax jurisdiction after the EU brought pressure on Ireland to end a so-called ‘sweetheart deal’, while the EU is set to re-examine the Irish arrangements

Two investors in a film production company have lost their claims for some £1.3m of share loss relief after lengthy analysis at a First Tier Tribunal (FTT), in a further success for HMRC against tax avoidance schemes where there is no clear evidence of a trade being carried out

The Paradise Papers information leak will provide HMRC and other global jurisdictions with further ammunition in the ongoing war against offshore tax evasion, warns Blick Rothenberg

The OECD has published updated versions of transfer pricing country profiles (TPCP), reflecting the current transfer pricing legislation and tax practices in 31 countries

Brian Palmer, tax policy adviser at the Association of Accounting Technician (AAT), argues that the Paradise Papers scandal should not be justification to create legislation compelling wealthy individuals and large corporations to publish their tax planning strategies

HMRC is seeking feedback on a second tranche of draft guidance relating to reform of corporation tax loss relief, focusing on group relief for carried forward losses and the relaxation of carried-forward non-trade losses

There have been fresh revelations of large multinationals and wealthy individuals holding substantial sums offshore as part of complex financial arrangements, with the release of the so-called ‘Paradise Papers’ detailing the overseas tax planning of hi tech and commodity companies, the Queen, members of the Trump administration and others

HMRC has published guidance for businesses on the introduction of the soft drinks industry levy, or so-called ‘sugar tax’, which comes into effect from 6 April 2018

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

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)