The UK tax agency should adopt a light-touch approach to penalizing taxpayers who fail to meet the new digital reporting requirements that will be introduced from 2019, tax experts have said.

Almost half of British taxpayers would support higher taxes to fund increased public spending on health, education, and social benefits, the highest level for more than a decade, according to a survey by the National Centre for Social Research (NatCen).

In a statement following the Queen's Speech, UK Prime Minister Theresa May discussed her Government's agenda in relation to Brexit and fleetingly discussed tax policy.

HM Revenue and Customs, the UK tax agency, has reported that tax credit errors in claims from taxpayers have risen by more than a third in the space of a year.

Investigations by HM Revenue and Customs into the corporate tax affairs of the UK's largest businesses yielded an extra GBP2.6bn (USD3.3bn) in revenue last year, according to figures obtained by international law firm Pinsent Masons.

The UK Conservative Party has outlined plans to "legislate for tougher regulation of tax advisory firms."

Proposals by UK opposition party Labour to increase corporation tax would reduce investment from multinational companies, two think tanks have said.

The European Court of Justice has ruled in favor of the taxpayer in a case concerning the value-added tax treatment of certain catering and entertainment services provided by a UK college as part of the higher education courses it provided.

Scotland should devolve council tax and business rates to local authorities, campaigners say.

It is all about European supervision and defending European jobs, says Manfred Weber.

All euro-denominated financial businesses should be moved out of London and into the European Union after the UK exits from the bloc, a top EU lawmaker said on Tuesday (4 April).

Speaking at a news conference in Strasbourg, Manfred Weber, the head of the conservative grouping, the European People…