Last month HMRC published draft provisions for Finance Bill 2017 including a number of supporting documents, new consultations and consultation outcomes. The draft clauses are open for consultation until 1 February 2017.

Numerous supporting policy papers and guidance were also published on 5 December 2016. Several are of note as follows:-

• Northern Ireland rate of corporation tax: changes to small and medium-sized enterprise regime
• Corporation tax: reform of loss relief
• Corporation tax: tax deductibility of corporate interest expense
• Soft drinks industry levy
• Income tax: new tax allowance for property and trading income
• Draft legislation: VAT: tackling aggressive abuse of the flat rate scheme
• Strengthening the indirect tax avoidance disclosure regime
• Income tax and national insurance contributions: treatment of termination payments
• Disguised remuneration: self-employed schemes
• Income tax, inheritance Tax and capital gains tax: deemed domicile rule
• Non-domicile taxation: business investment relief
• Strengthening sanctions and deterrents for tax avoidance
• Tax enquiries: closure rules
• Tax relief: employee liabilities and indemnity insurance
• Corporation Tax: patent box – cost sharing arrangements
• Tackling offshore tax evasion: requirement to correct
• Tackling abuse of the VAT flat rate scheme – technical note
• Foreign pension schemes
• Income tax: limitation of salary sacrifice
• Off-payroll working in the public sector: reform of the intermediaries legislation
• Data from money service businesses
• Corporation Tax: deductions for contributions to grassroots sport
• Dates for ‘making good’ on benefits-in-kind
• Fulfilment House Due Diligence Scheme
• Insurance Premium Tax: increase of standard rate
• Assets made available to employees without transfer
• Income Tax: simplifying the PAYE Settlement Agreement process