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

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

The development of HMRC’s Making Tax Digital software is at an advanced stage despite the fact the project’s latest four consultation documents including details on the mechanics of quarterly reporting for companies have yet to be published, reports Calum Fuller

A tax avoidance scheme used by brewery Greene King which sought to exploit intra-company loans in order to generate tax relief on interest has won a partial victory at the Court of Appeal

The broadband service outage suffered last week by BT broadband customers illustrates the risk for firms and their clients of over-reliance on online services, advisers warn

Tax relief payouts for film schemes has increased by 30% as well as other fluctuations to high-end television (HETV), animation, and video games for years up to 2015-16, according to statistics from HMRC

The OECD is calling on governments to adopt tax policy which encourage inclusive growth, with the benefits shared more evenly within society, at the same time as the Spanish government indicated it may raise taxes on business, rather than personal income, in a bid to reduce its budget deficit

A builder who purchased a car for the sole purpose of using it for her business has won an appeal in the First Tier Tribunal (FTT) against HMRC, after it disallowed a claim for VAT on the purchase and charged a penalty for misdeclaration

A winding-up petition has been issued by HMRC to Welsh football club Port Talbot Town

HMRC is experiencing five Construction Industry Scheme (CIS) verification issues that are currently affecting the online service, meaning that people are unable to submit their monthly returns

The latest list of tax defaulters is topped by a goods delivery company that owed £3.6m in unpaid tax, while other offenders include a Subway sandwich franchise shop and a financial services company