HMRC guidance

New HMRC guidance includes:

·       480 (2016): Expenses and benefits – a tax guide – updated version;

·       CWG2 (2016): Employer further guide to PAYE and NICs – new version applicable from 6 April 2016;

·       CWG5 (2016): Class 1A NICs on benefits in kind – new version applicable from 6 April 2016;

·       CA44 (2016): National Insurance for company directors – new version applicable from 6 April 2016;

·       Revenue and Customs Brief 8/2016: Release by HMRC of exporter information – HMRC will start to publish certain information relating to exporters and the goods they export from 8 April 2016;

·       HMRC1: What to do if you disagree with HMRC decisions – machine games duty added to the list of indirect taxes covered by this factsheet;

·       Notice 101: Deferring duty, VAT and other charges – updated contact address;

·       Notice 700/67: Registration scheme for racehorse owners – replaces the January 2002 version;

·       Notice 831: European Union - Binding Origin Information – the terms European Union and EU replace European Community and EC throughout;

·       Notice 41: Alcoholic Ingredients Relief – minor amendments;

·       Salary Sacrifice – correction of example to make clear that childcare vouchers included in a salary sacrifice are only exempt from tax and NICs up to a maximum of £55 per week; and

·       TIIN: Increasing flexibility for ISA savers – updated to reflect the inclusion of help-to-buy ISAs in regulations following consultation.