Latest News

Larking Gowen weekly digest – latest news on direct/indirect tax, financial reporting and more…

Direct taxes

1. Making Tax Digital (MTD): HMRC have finally released their response to the MTD consultations, together with draft legislation to be included in Finance Bill 2017. Further information on this will be released in due course.

2. Tax treatment on Interest Rate Hedging Products (IRHP): HMRC have recently updated their guidance on the tax treatment of IRHP redress payments.

VAT and indirect taxes

1. VAT Notes: HMRC have published the final instalment VAT Notes for 2016. Topics covered include revised VAT Notices and Machine Games Duty.

Whilst every effort is made to ensure accuracy, information contained in this publication may not be comprehensive and recipients should not act solely on the basis of this information.