HMRC guidance

New HMRC guidance includes:

·        Agent update 55 (August/September 2016): latest bi-monthly round-up of the latest developments in tax, HMRC service and consultations for accountants and tax professionals;

·        NIC/pensions countdown bulletin issue 19: latest edition of the bulletin on the ending of contracting-out;

·        Capital v revenue expenditure toolkit: updated for 2015/16 self-assessment and company tax returns;

·        Notice 704: VAT retail exports: cancels and replaces the November 2004 version;

·        Notice 704/1: Tax-free shopping in the UK: cancels and replaces the January 2012 version;

·        Notice LFT1: general guide to landfill tax: cancels and replaces the December 2015 version;

·        VAT Notice 725: the single market: cancels and replaces the June 2013 version;

·        Intermediaries legislation (IR35) guidance: the section ‘find out if it applies’ has been rewritten, although the technical content remains the same; and

·        Non-statutory clearance service: new Annex E added to HMRC’s non-statutory clearance service guidance, containing a checklist for post-transaction clearance in connection with an offshore disclosure being made via HMRC’s digital disclosure service.