HMRC has published a guide to pension scheme rates for the tax year 2016/17, confirming the capping of the standard lifetime allowance at £1m, while the annual allowance stands at £40,000. From 6 April 2016 the annual allowance is reduced if the taxpayer’s income for the tax year is more than £150,000. The annual allowance is reduced by £1 for every £2 of income above £150,000, subject to a minimum reduced annual allowance of £10,000

The Basel Committee on Banking Supervision (BCBS) is consulting on proposed revisions to the Basel III leverage ratio framework originally introduced following the financial crisis, which includes options for the treatment of regular-way purchases and sales of financial assets designed to ensure consistency across accounting standards

The obligation on UK unlisted companies and limited liability partnerships (LLPs) to keep a register of people with significant influence or control (PSCs) over them comes into force on 6 April. Gateley plc law experts considers how the new system will work

The Treasury is to set up a compliance regulatory body, the Office of Financial Sanctions Implementation (OFSI), which has been created to help UK businesses comply with financial sanctions

The introduction of country by country reporting for multinational businesses is meant to improve tax transparency and global momentum behind the move is growing, despite opposition, warns George Bull, senior tax partner at RSM

Southwest accounting firm Francis Clark has quit the LEA Global/Leading Edge Alliance of accounting firms to join global network PKF International, as the brand continues to re-establish its presence in the UK

MHA MacIntyre Hudson is to grow its regional presence with the merger of its Birmingham office with local accountancy practice, Shoesmiths, based in Edgbaston, boosting the firm's growth potential in the west Midlands

In a busy week for accountancy jobs, Mercer & Hole’s Alison Palmer is promoted to director, RGL Forensics boosts partner line-up, new intake of partners at both RSM and James Cowper Kreston, and finance chief for Turner Contemporary

Women working in financial services are in danger of missing out on valuable international experience because of long standing misconceptions about their readiness to work abroad, according to research by PwC

HMRC has issued final technical guidance on how individual taxpayers can reclaim income tax relief for irrecoverable peer-to-peer (P2P) loans made through a regulated lending platform

Large businesses who are repeatedly accused of using aggressive tax planning and deemed to be 'uncooperative' with tax inspectors from HMRC are at risk of being put into a new ‘special measures’ regime which will apply to large business, as part of the government's crackdown on corporate tax avoidance

The Department for Business, Innovation and Skills (BIS) has extended the closing date of a consultation on ways to increase the transparency of foreign investment in property and public contracts, which will now be open for comment until 4 April