Closer collaboration with accountants is the way forward for advisers, says new research from Prudential.

The pension provider found that more than two-thirds of the advisers who took part thought that working more closely with accountants would help their business, both in terms of individual directors and big companies.

New research by Deloitte shows that this year, fewer FTSE 100 companies have changed their remuneration arrangements than the year before.

The study found that only 17% of FTSE 100 companies have changed their arrangements in substantial terms. Last year, thirty-five companies implemented new incentive arrangements, but this year only 11 followed suit.

The Financial Reporting Council (FRC) is consulting on draft guidance regarding on going concerns about the quality of information that investors receive about businesses.

The new consultation will focus on the assessment and reporting of accounting, solvency, and liquidity risks over the longer term.

According to new analysis by Prudential of the latest HMRC data, there was a 15% increase in inheritance tax paid in the 2012 to 2013 tax year.

Almost 18,000 estates faced an average bill of more than £170,000, and the total paid was £3.05bn - as opposed to £2.65bn in the previous tax year.

HM Revenue and Customs (HMRC) has brought in more than £50 million through a campaign aimed at residential landlords.

According to HMRC, The Let Property Campaign, which launched in September 2013, has become one of the most successful voluntary disclosure opportunities the tax authority runs.

With the third VAT MOSS return looming for businesses on 20^th October, a campaign group has issued a stark warning about potential effects on the European digital single market.

EU VAT Action has highlighted how the time involved in implementing new regulations will cause problems and has asked for an ‘interim’ threshold to help SMEs in the transition period.

The Chartered Institute of Taxation (CIOT) has come out in favour of changes to the ‘strict liability’ offence for offshore evasion by urging more safeguards to be put in place.

The accountancy body has warned that taxpayers risk being sent to jail without any proof that they actually intended to cheat the taxman.

With more moves to streamline international efforts to combat tax evasion by multinationals, a new tax information exchange agreement now includes 51 countries.

The Organisation for Economic Cooperation and Development (OECD) is behind the new measures to automatically exchange tax information between nations and manage the differences on how tax issues are dealt with.

G20 finance ministers meeting in Peru have approved the OECD’s final package of Base Erosion and Profit Shifting (BEPS) 2015 measures.

The comprehensive set of reforms, aimed at changing international tax rules, won strong support for its proposed solutions to close loopholes that allow corporate profits to ‘disappear’ for tax reasons.

A new public consultation project has been launched by The European Commission to test the waters for a re-launch of the Common Consolidated Corporate Tax Base (CCCTB) proposal.

In another move aimed at tackling aggressive tax planning by large companies and high net worth individuals, the Commission wants to find out how the new tool would be accepted and implemented.

The controversial measures that will allow HMRC to recover debts direct from taxpayers’ bank and building society accounts have been amended to protect vulnerable taxpayers.

The Low Incomes Tax Reform Group (LITRG) has welcomed the announcement of an amendment to the Finance Bill dealing with ‘enforcement by deduction from accounts’.

New proposals aimed at making charity data more accessible by offering digital filing of accounts is being debated by the Charity Commission and the Financial Reporting Council (FRC).

At the moment, 70 per cent of companies file digital accounts with Companies House, and now the Commission wants to make it possible for charities to be able to do so as well.

Small and medium-sized practices (SMPs) must diversify in order to be successful, according to a new study from The Association of Chartered Certified Accountants (ACCA).

The global body for professional accountants has issued a report called 'The Global SMP business model: understanding a changing profession' that concludes competition for survival is harder than ever before.

New UK taxation rules concerning allowances on the value of property to be passed on to descendants could mean that records need to be kept over the span of a generation.

The revised residence nil-rate band that affects the calculation of the level of inheritance tax relief available to families is expected to mean records will need to be kept for far longer periods than ever before.