The Chartered Institute of Taxation (CIOT) has confirmed its team of officers for 2017-18 with John Preston set to take over as the institute’s new president from the current postholder, Bill Dodwell, in May

The number of pension scams has increased threefold over the past year and nearly one in three pension schemes has been affected by fraud, according to research by RSM which suggests problems have escalated since the introduction of new pension freedoms

Changes to the small companies audit exemption introduced in 2015 have only been taken up by a third of eligible companies although for those early adopters savings are an estimated £4.6bn overall taking into account time and money spent on audit services and internal financial activity

The Department of Business, Energy & Industrial Strategy (BEIS) is to undertake an official review of limited partnerships in the UK, focusing particularly on alleged 'criminal' exploitation of Scottish limited partnerships (SLPs)

Prime Minister, Theresa May, has today outlined a 12-point plan to prepare the UK to leave the European Union, stating that the UK cannot stay in the single market, and has confirmed that parliament will have a vote on the final Brexit deal when it has been agreed

The Competition and Markets Authority (CMA) has accepted proposals from Bacs Payment Schemes Ltd (Bacs) committing it to delivering easier bank switching within a year

The government has quashed calls to look at extending the requirement to publish a public register of people with significant control to companies incorporated in the Crown dependencies and overseas territories, as part of a bid to increase tax transparency, saying new rules on the automatic exchange of information are sufficient to address the issues

FTSE 250 company Saga, which provides holidays, insurance services and financial products for the over 50s market, has chosen KPMG to replace EY as its auditor

UK CEOs are more upbeat about the growth prospects for their own companies than 12 months ago, and more positive than their European peers, according to research from PwC published at the World Economic Forum in Davos

FTSE 100 engineering group Rolls-Royce is to pay £671m to settle a string of bribery charges, including a £497m deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO), which is due to be approved in court today

HMRC’s contract with Concentrix to provide additional capacity for checking tax credit awards delivered just £193m of savings compared to the original estimate of £1bn, according to a National Audit Office (NAO) investigation, while a third of the outsourcer’s decisions to stop payments were subsequently overturned after review

The government has confirmed it is to reform the horserace betting levy in order to bring offshore gambling companies within its remit, in a bid to boost funding for the sport and the equine industry in general