Following consultation, the Autumn Statement announced that government will legislate in Finance Bill 2017 for ultra-low emission vehicles (ULEVs) for 2020-21, to focus incentives on the cleanest cars

FTSE 100 accounting software supplier Sage has revealed it is considering selling off its US payments business, which has been delivering faltering revenues, as the company bids to reposition itself through a transformation programme based on streamlining costs and introducing new technologies

Beleaguered retailer Sports Direct International, which has come under fire for its workplace and accounting practices in recent weeks, has agreed to change its approach to the reporting of its international stores following the outcome of a review by the Financial Reporting Council (FRC)

HMRC’s London base is shifting eastwards, as the tax authority looks set to be one of the government departments moving from existing offices in London’s Whitehall to a new government hub at Canary Wharf, as part of plans to relocate around 5,700 full time civil and public servants

Autumn Statement 2016 has confirmed that the response to the six Making Tax Digital (MTD) consultations and the provisions to implement the proposals will be published in January 2017, showing that despite pleas HMRC will go ahead with plans for full implementation by 2020

The European Commission has fined HSBC, Crédit Agricole and JPMorgan Chase a total of €485m (£413m) for participating in a cartel in euro interest rate derivatives in the final stage of an investigation into alleged fixing of the Euro Interbank Offered Rate (EURIBOR) benchmark

The Financial Conduct Authority (FCA) is consulting on proposals for stricter rules for firms selling ‘contract for difference’ (CFD) products to individuals, after research showed 82% of consumers lost money on this kind of spread betting, with many in danger of incurring ‘rapid, large and unexpected’ losses

The Office of Tax Simplification (OTS) has confirmed it is now placed on a permanent footing, with the triggering of legislation in Finance Act 2016

In readiness for application of FRS 105 accounting rules for micro businesses and FRS 102 Section 1A for small businesses, our expert technical author Anne Cowley ACA will be looking at New UK GAAP through the eyes of a small company, providing clear analysis, essential tips and practical help on how to tackle the challenges ahead – from preparation right through to filing

The Inclusive Framework which is collaborating on the implementation of the OECD’s Base Erosion and Profit Shifting (BEPS) action plan has released information on the domestic legal frameworks for country-by-country reporting (CBCR) around the world, providing a high level snapshot for tax administrations and multinational companies as to the outline requirements

The financial services sector paid a total tax contribution of £71.4bn in the year to 31 March 2016, a 7.4% rise on the previous year’s figures and the highest since the finance crash, according to analysis by PwC

The Department for Business, Energy and Industrial Strategy (BEIS) has set out measures to increase the transparency of payment practices to support small firms by introducing a ‘duty to report’ for large businesses and limited liability partnerships (LLPs), who will have to publish details twice yearly on their payment practices and performance from April 2017