Initially MPs will visit Canada next month to assess the success of a similar merger there in 1994 and consider whether a similar move would work in the UK. Committee chair and Tory MP Sir Michael Spicer said the committee would consider the merger 'from a tax-raising point of view'. He added it had 'no preconceptions' and would report by the end of the year. The investigation is part of a wider inquiry which will look at Customs' ability to ensure businesses pay their taxes and duties. It will look in particular at problems caused by the shadow economy and the smuggling of alcohol, tobacco, diesel and other products into the UK. Firms and professional bodies have been asked to start compiling evidence for the committee. It also emerged this week that the Revenue faces an inquiry by the National Audit Office into the new corporation tax self-assessment system. Tax experts this week welcomed the 'mini-review', but said that despite a few teething problems, it was too early to judge CTSA's success. Large companies with March year-ends face the headache of estimating their first ever CTSA instalment payments by 13 October.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago