KPMG boss Simon Collins won't be seeking re-election after five year tenure

CityAM: KPMG's UK boss will step down in March after five years at the helm of the accountancy giant.  Simon Collins told fellow partners of his plans on Thursday and is expected to put his hat in the ring to step up and lead the global network of the firm, according to reports by Sky News.

Full story: http://www.cityam.com/254801/kpmg-boss-simon-collins-wont-seeking-re-election-after-five

Expat pensioners face income tax rise

Daily Telegraph: British pensioners holding offshore pensions will be forced to pay more tax under new plans proposed by the Government.

Full story: http://www.telegraph.co.uk/pensions-retirement/tax-retirement/expat-pensioners-face-income-tax-hike/

One in three of Britain's richest people being investigated for unpaid taxes

ICAEW: HMRC is currently investigating some of the richest people in Britain over nearly £2bn worth of potentially unpaid taxes.  According to the National Audit Office (NAO), the Revenue is conducting “formal enquiries” on a third of the UK's high net worth taxpayers – those with wealth of more than £20m.

Full story: http://economia.icaew.com/news/november-2016/one-in-three-of-britains-richest-investigated-for-unpaid-taxes-hmrc-national-audit-office

Professional bodies publish updated code in relation to tax advice

STEP: The leading UK accountancy and tax bodies have published updated guidance on the standards expected of tax advisors and agents regarding tax advice.

Full story: http://www.step.org/news/professional-bodies-publish-updated-code-relation-tax-advice

ICAEW chief tells May to stop attacking accountants

ICAEW: ICAEW chief executive Michael Izza has hit back at comments made by prime minister Theresa May last week regarding accountants who facilitate tax avoidance.

Full story: http://economia.icaew.com/news/october-2016/icaew-chief-tells-theresa-may-to-stop-attacking-accountants

New HMRC proposals place tax lawyers between a rock and a hard place

Solicitors Journal: Proposals to fine lawyers and accountants for ‘enabling’ tax avoidance could result in professionals being punished simply for giving their opinion on the legality of tax arrangements, City lawyers have warned.

Full story: https://www.solicitorsjournal.com/news/201610/new-hmrc-proposals-place-tax-lawyers-between-rock-and-hard-place