Tax developments of interest are outlined below.

• HMRC has updated the list (list 3) of professional bodies and learned societies, approved 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
• A list of upcoming tax tribunal appeal hearings, including details of previous cases has been published
• Guidance on the legislation for non-residents disposing of UK residential property has been updated
• Information relevant to trusts is available:- trusts and income tax: taxable items, tax pools and deductions, trusts and inheritance tax, trusts and estates: trust gains and capital payments (50(FS)) and non-resident trusts
• Information on Budget 2016 changes that may affect corporation tax returns has been published
• Recent VAT publications include the following:- VAT Bulletin, VAT road fuel scale charge tables, Refunds of VAT in the European Community for EC and non-EC businesses, Application for VAT refund by a business person not established in the community (VAT65A) and VAT appointment of tax representative (VAT1TR)
• Various forms and guidance on making a disclosure to HMRC have been published:- contractual Disclosure Facility (form CDF1), Liechtenstein, Isle of Man, Guernsey and Jersey
• A tax information and impact note about changes that are part of a wider package announced at Budget 2016 to tackle the use of disguised remuneration tax avoidance schemes has been published
• Clause 149 and schedule 19 of the Finance Bill 2016 set out a new requirement for large businesses to prepare and publish their tax strategy. HMRC has now published guidance on this requirement