The UK tax relief environment for research and development is set to change as a result of OECD pressure to tighten up the rules, which means the Treasury now plans to withdraw the Patent Box relief, says Paul Daly, tax partner at BDO. Here he outlines the next steps

The new UK GAAP, effective for accounting periods starting 1 January 2015, will overhaul the current methods of tax reporting for financial instruments. Paul Davies, CCH corporate tax specialist, considers the tax treatment for a Libor-based loan and warns that these changes will affect all businesses reporting under the new accounting framework

Negotiations between the UK and Germany will lead to the eventual abolition of the favourable Patent Box tax regime for expenditure on research and development (R&D) by multinationals as the tax reliefs will be removed over the next seven years

This month's roundup of the landmark tax cases including Coulter trust decision on charitable status and annual investment allowance dispute for SMEs, new FATCA online services, Ireland set to outlaw double Irish tax policy by 2020 and AbbVie pulls out of Shire meger plan citing tax jurisdiction issues 

Justin King, former chief executive of Sainsbury, has told top blue chip company chiefs that consumers would eventually punish businesses that didn’t behave well, especially where tax is concerned

The UK government's tax policies came under fire at the Public Accounts Committee's (PAC) tax conference, for sending out signals that some tax reliefs are incentives for business while being simultaneously questioned in other jurisdictions