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HMRC guidance

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New HMRC guidance includes:

New HMRC guidance includes:

·       Savings income reporting: guidance notes for ‘BBSI’ and ‘OI’ returns – updated notes for 2016/17 returns of interest made by banks and building societies and other deposit takers to HMRC under UK rules giving effect to the EU savings directive;

·       Notice CCL1: A general guide to Climate Change Levy – replaces the April 2015 version to reflect withdrawal of the renewables exemption from 1 August 2015 and changes in the main rates of CCL announced at Budget 2016;

·       Notice 199A: Temporary storage – replaces the September 2014 version to reflect changes coming into effect under the new Union Customs Code from 1 May 2016;

·       Notice 199B: Approved Depositories under external temporary storage facility – updates the August 2014 version to reflect changes coming into effect under the new Union Customs Code from 1 May 2016;

·       HMRC agent toolkits – updated toolkits for ‘Expenses and benefits from employment’, and ‘National Insurance contributions and statutory payments’;

·       VAT mini one-stop shop: register and use the service – updated to clarify registration procedures for groups with fixed establishments in other member states;

·       COP26: Tax credits – what happens if we've paid you too much? – updates the October 2015 version, including the reduction in the income rise disregard to £2,500 from 6 April 2016; and

·       Tax credits leaflets and factsheets – updated WTC1, WTC2, WTC5, WTC5/CP, WTC6, WTC7, WTC8, WTC/FS1, WTC/FS2, WTC/FS3, WTC/FS4, WTC/FS6, WTC/FS9, WTC/FS10.

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