HMRC’s Fraud Investigation Service (FIS) collected £5.17bn in additional revenue in 2016/17, with £2.36bn gathered through civil investigations and a further £1.07bn through criminal investigation, according to law firm Pinsent Masons

HMRC’s yield from investigations into underpayments of ‘sin taxes’ has doubled to £2.99bn, up from £1.46bn in 2015/16, according to research from UHY Hacker Young

A First Tier Tribunal (FTT) concluded that a doctor was operating as self employed therefore the profits he earned should have been subject to income tax and Class 4 national insurance contributions (NICs) not corporation tax

Chancellor Philip Hammond is stuck ‘between a rock and a hard place’ in planning his November Budget, and will find it difficult to balance his commitment to fiscal targets with increasing pressures on spending, according to analysis by the Institute for Fiscal Studies (IFS) 

With rumours swirling around ahead of the Autumn Budget on 22 November, Sara White, editor of Accountancy, discusses what could be included in the Budget following a tough year for tax professionals due to delayed regulations and retrospective tax rules, Making Tax Digital deferral and IT glitches at HMRC, execerbated by the snap general election

President Donald Trump has named David Kautter as the interim head of the US Internal Revenue Service (IRS) and will take up office next month when current IRS Commissioner John Koskinen’s term expires

President Donald Trump has clinched a major victory in his battle to introduce the most significant reform of the US tax code in a generation, winning a vote in Congress which means the necessary legislation will be fast-tracked

UK listed companies are being slow to disclose their tax strategies despite government legislation requiring them to do so, according to research conducted by the Fair Tax Mark and the Local Authority Pension Fund Forum (LAPFF).

The European Commission has launched a public consultation on how the EU can ensure that the digital economy is taxed in a fair and growth-friendly way, arguing that the current tax framework cannot capture activities which are increasingly based on intangible assets and data

The UK banking sector paid an estimated £35.4bn in tax last year, and accounted for 5.4% of total government tax receipts, according to analysis by PwC

The European Commission has opened an in-depth probe into the UK’s controlled foreign company (CFC) rules, to investigate whether exemptions introduced under the scheme allow certain multinationals to pay less UK tax, in breach of EU state aid rules

The planned Brexit bill, paving the way for the UK’s withdrawal from the EU, does not meet its objective of ensuring that the same rules and laws will apply on the day after leaving as on the day before, resulting in damaging uncertainty for taxpayers, CIOT is warning