In this week’s Q&A, Croner-i tax consultant David Woolley explains tax efficient use of incorporation relief when converting to incorporated status and risk of capital gains tax 

MPs have called on HMRC to develop a contingency plan for the digital services tax to avoid future avoidance or evasion by big tech companies

The rate of corporation tax has increased by a third from 19% to 25% for the largest businesses from 1 April and full expensing is available for three years

As tax work becomes more commoditised and data goes to the cloud, companies should consider co-sourcing accounting services to reduce costs, argues Russell Gammon, chief solutions officer at Tax Systems

A company director has been jailed for six years after evading more than £2.5m in tax over a five-year period

HMRC’s offshore, corporate and wealthy unit opened 25 criminal tax fraud probes worth between £150m and £4bn last year

An employment agency has won a First Tier Tribunal (FTT) appeal related to an overpayment relief claim amounting to £31,000 in income tax and national insurance contributions (NICs)

Two freeports in Wales have been successful in their bids, backed by £26m each in seed funding by the UK government

A limited liability partnership has lost at the Upper Tribunal after it held that an LLP scheme to reallocate profits was chargeable to income tax

The government has published a draft of Finance Bill 2023 with details of tax changes due to come into effect from April including a 6% hike in corporation tax, end of lifetime allowance and full expensing rules

A freeport in east London has received final government approval, with £25m in seed funding released to drive development, becoming the sixth freeport to go live

Inheritance tax (IHT) receipts in February totalled £531m, bringing in a record for the year so far at £6.4bn