IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the UK tax authority's announcement that all working parents – including the self-employed – can now receive a tax-free childcare allowance.

The United Kingdom should look to tax measures to bring down the deficit and focus on the self-employed and value-added tax rules, the International Monetary Fund has recommended.

The UK Government has recently issued guidance on the conditions that companies must satisfy in order to raise additional funds from investors using the Enterprise Investment Scheme (EIS), which provides tax relief to investors in higher-risk small companies.

The UK Government has released a consultation on the royalty withholding tax targeting digital firms announced in the UK's most recent Budget.

On November 21, the UK Government published the Taxation (Cross-border Trade) Bill, previously known as the Customs Bill, providing for the introduction of an independent customs regime for the UK when the country leaves the European Union.

Corporations could be prosecuted if they fail to prevent staff from criminally facilitating tax evasion, under a new HM Revenue and Customs (HMRC) law.

UK self-assessment taxpayers may no longer have to file returns or will have their compliance burden significantly reduced under the tax agency's plans to partly or fully fill returns automatically.

British and Finnish business associations are calling for Brexit negotiators to minimize trade barriers after the UK leaves the EU in March 2019.

Uptake of the UK's research and development tax credit rose by almost a fifth during 2015-16, according to HM Revenue and Customs figures.

UK Chancellor Philip Hammond has pledged to "promote taxpayer certainty," in response to the recommendations of the Office of Tax Simplification (OTS).