Drinks giant Diageo has revealed it is challenging a £107m assessment from HMRC under the diverted profits tax (DPT) regime, which came into effect in April 2015 and is intended to counter aggressive tax avoidance by multinational companies in the UK

HMRC has lost the first appeal to be heard at tribunal in relation to the senior accounting officer (SAO) regime. Bill Dodwell, partner and head of tax policy at Deloitte considers the implications for accountants

The Welsh government is consulting on the criminal investigatory powers to be provided to the Welsh Revenue Authority (WRA) to tackle and deter devolved tax crime, once devolved taxes come into force next year

As Japan’s tax revenues fall for the first time in eight years, the Japanese government has been advised to raise its consumption tax to 15% and put off plans to cut corporation tax, say global tax writers

HMRC has published guidance setting out the process for multinationals in line with OECD requirements for country-by-country reporting (CBCR), with the first reports due by 1 September 2017

The Welsh government is consulting on proposals for a new small business rates relief (SBBR) scheme, due to come into force from 1 April 2018, which will replace the current temporary arrangements in place since 2010

In part one of our exclusive series on farming taxation and accounting, Phil Fenn, partner at Mercer and Hole, warns that although operating as a partnership is standard practice for many UK farms, there are potential pitfalls such as the risk of unlimited liability and the implications around each partner owning a share of the assets

The Booksellers Association has called for the UK’s tax system to be reformed after online retail giant, Amazon, revealed its corporation tax bill halved last year despite its sales passing the £1bn mark for the first time

HMRC has lost the first appeal to be heard at tribunal in relation to the senior accounting officer (SAO) regime, with the First Tier Tribunal (FTT) cancelling two penalties against a finance director on the basis that he had taken reasonable steps to ensure the company established and maintained appropriate tax accounting arrangements, as required

Dawn raids by HMRC on businesses and individuals are up by a third and are likely to remain high following the entry into force of new corporate criminal tax offences, according to analysis by Pinsent Masons

HMRC has issued useful tips and advice on how to incorporate a company in the UK using the online Companies House service

Th European parliament has approved proposals for country-by-country reporting (CbCR) to be made publicly accessible but businesses are concerned that information disclosed could be misinterpreted. Tax experts at Global Tax Weekly assess the implications of the new rules