Developments of interest are outlined.

• HMRC have published its annual reports and accounts 2015/16.
• Webinars helping those working in the Construction Industry Scheme have been produced by HMRC.
• Statistics relating to the number of estates that pay inheritance tax have been published.
• A list of tax avoidance schemes on which users may be charged an upfront tax payment called an accelerated payment has been published.
• HMRC has released guidance on capital versus revenue expenditure when preparing self-assessment tax returns.
• A guidance note has been published on how to get the VAT back on goods purchased in the UK from shops that offer tax free shopping.
• A list of offshore funds that come within the definition of an offshore fund and have been approved as reporting funds has been published.
• HMRC have confirmed that partnerships will be included as reporting entities for country by country reporting. Regulations are expected to follow later this year.
• The Government has published its response to the Public Accounts Committee report on tackling tax fraud, via a Treasury minute.
• An updated list of upcoming tax tribunal appeal hearings, including details of previous cases has been published.