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Tax | Government to extend corporate ‘failure to prevent’ offence to top directors

The government is set to consult on plans to extend the scope of the criminal offence of a corporation ‘failing to prevent’ offending beyond bribery to include other economic crimes, such as money laundering, false accounting and fraud, saying it wants to ensure senior management takes responsibility for any financial wrongdoing which is uncovered

Tax | Labour Party proposes its own HMRC reforms

On the back of HMRC’s plans to restructure, the opposition party, Labour, has revealed its own plans to reform HMRC, proposing the creation of a supervisory board, consisting of stakeholders, to improve on the quality of service, strengthen public accountability and tackle tax evasion, reports Amy Austin

Tax | MPs challenge ‘manifestly deficient’ Budget distributional analysis

MPs are calling on the new Chancellor, Philip Hammond, to reinstate distributional analysis of the effects of Budget and Autumn Statement measures in order to increase the transparency about the impact of tax changes, describing the move a year ago to drop these reports as a mistake and branding the replacement reports as ‘inadequate’

Tax | Office of Tax Simplification hires three non-execs

The Chancellor Philip Hammond has appointed three new non-executive directors to the board of the Office of Tax Simplification (OTS), with the aim of adding experience from academia, taxation policy and business to the body which is being put on a statutory footing in the Finance Bill 2016
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