The Treasury Committee has urged the government to set up a new agency to combat the growing problem of financial fraud and scams in its new report on economic crime.

Following Nicky Morgan’s appointment to the Cabinet as Secretary of State for Digital, Culture, Media and Sport, a new chair of the Treasury Select Committee has been selected.

HMRC has won a £40m legal case against tax avoidance scheme promoter Hyrax Resourcing Ltd.

A record percentage of self-assessment taxpayers completed their returns by the deadline.