HMRC’s focus on investigating tax avoidance schemes has brought in an additional £886m in income tax over the last year, an 80% hike on the previous year’s total of £494m, according to analysis by law firm Pinsent Masons
The OECD has updated its guidance on Action 4 of its Base Erosion and Profit Shifting (BEPS) project relating to interest deductions, with particular reference to the group ratio rule and the risks posed by the banking and insurance sectors
HMRC is to replace the current free PDF filing software for company tax returns for unrepresented companies and charities with straightforward tax affairs with an online only system from April 2017
The government’s consultation process for HMRC’s flagship making tax digital (MTD) proposals has been heavily criticised as being too rushed and leaving little time for a successful implementation in an end of year report on tax policy from the Tax Professionals Forum
Irish airlines Ryanair and Aer Lingus face paying back millions of euros in air travel taxes after the European Court of Justice (ECJ) ruled that they had benefited from unlawful state aid and said the money must be recovered regardless of whether they had actually been able to exercise an unfair economic advantage
As part of its international tax training programme, HMRC opened the applications proccess for the 2017 series of courses for tax administrators based in Commonwealth countries, designed to provide robust compliance and enforcement training
KPMG senior manager Joseph Selby examines what US citizens worldwide are required to file with the IRS in order to remain compliant with the Foreign Account Tax Compliance Act (FATCA)
A cross-party group of MPs is pushing the government to force the UK’s overseas territories to publish public registers of beneficial ownership, in a bid to tackle the abuse of tax havens in countries including the British Virgin Islands (BVI) and Cayman Islands
A yacht catching fire has been given as one of the absurd explanations for missing the 31 January self assessment tax return deadline, according to HMRC’s latest top ten list of excuses used in unsuccessful appeals
Travellers departing Scottish airports will be able to benefit from half price air passenger duty from 2018 when the Scottish government is set to replace the UK-wide air passenger duty scheme with its own airline ticket tax called air departure tax
The US government is facing calls to delay the introduction of a new tax on foreign investors in US equity-linked derivative transactions, after the G5 group of countries signalled their opposition and the US Securities Industry and Financial Markets Association (SIFMA) indicated its members would not be ready for the planned 1 January 2017 implementation
In the wake of the Scottish government’s decision not to replicate the UK Treasury's tax cut for higher earners, the National Audit Office (NAO) is warning that HMRC faces ‘significant’ challenges in administering the Scottish rate of income tax (SRIT), and is still having problems ensuring that all Scottish taxpayers are correctly identified despite a £1.1m marketing campaign