The Association of Chartered Certified Accountants (ACCA) has welcomed the establishment of the Office for Tax Simplification (OTS) but says the government needs to do more to ensure that UK tax policy caters to the needs of small businesses.

The Chancellor, George Osborne, has signalled his intention to reform Britain's over-complex tax system with the creation of a new panel of experts charged with making the regime less complex.

Tax payable by shareholders when dividends are paid by private companies.

Orange & Gold understands that HMRC inspectors are being tasked to bring in as much money as possible