Developments of interest this week are outlined below.

• Use postal form (NRLY) if you’re a letting agent acting for landlords based outside the UK
• The detailed guidance notes for charities have been updated
• Read updated VAT Notice 709/5: tour operators margin scheme
• Make sure you’re up to date if you’re an employer or act for one:– PAYE draft forms: P60 (2016 to 2017), PAYE draft forms: P60 (2015 to 2016), CWG2: further guide to PAYE and national insurance contributions, 480: Expenses and benefits – a tax guide, Taxable pay tables: calculator method, CA44: National insurance for company directors, CA41: National insurance contributions tables B and C, CWG5: Class 1A national insurance contributions on benefits in kind, Tables A: pay adjustment tables, Taxable pay tables: manual method, CA42: foreign-going mariners and deep-sea fishermen, CA40: employees allowed to pay their own National Insurance, Rates and thresholds for employers 2016 to 2017, Rates and thresholds for employers 2015 to 2016 and CA38: national Insurance contributions tables A, H, J, M and Z
• An updated policy paper on country by country reporting has been published. This measure introduces a new statutory requirement for UK headed multinational enterprises (MNEs), or UK sub groups of MNEs, to make an annual country-by-country report to HMRC
• Guidance for claiming the annual investment allowance, small pools allowance and writing down allowance for accounting periods that are more or less than a year is available
• HMRC has updated the list (List 3) of professional bodies and learned societies, approved by HMRC for the purpose of Section 344 ITEPA 2003 (allowable deductions from earnings for fees and subscriptions paid to professional bodies/learned societies). The list includes all bodies approved as at 5 April 2016
• Use updated form CT R&D (AA) to apply for Advance Assurance for Research and Development tax relief
• Advisory fuel rates which apply from 1 March 2016 are available