In brief

RPI

The retail prices index for September was 275.1 and for October 275.3.

VAT gap

HMRC’s preliminary estimate of the 2016-17 VAT gap is 9.3% (£12.4bn). This compares with 9.6% (£12.2bn) for 2015-16.

Pension funds

HMRC is to delay until 1 April 2019 the withdrawal of its practice of allowing insurers to treat their supplies of non-special investment fund pension fund management services as exempt from VAT. See here.

VAT thresholds

The VAT registration and deregistration thresholds will remain at £85 000 and £83 000 respectively until 31 March 2020.

Seizure

HMRC has updated Notice 12A: what you can do if things are seized by HMRC. It now includes a definition of a responsible person and contact details should a taxpayer’s goods be seized by HMRC.

VAT

Notice 706/2: capital goods scheme has...