In brief

APNs

HMRC has collected more than £2bn in disputed tax as a result of accelerated payments notices (APNs) issued to users of tax avoidance schemes. HMRC is issuing more than 3 000 notices a month and has sent more than 41 000 since the regime was introduced in 2014. By the end of 2016 the department expects to have completed issuing notices bringing forward some £5bn in tax by March 2020.

Official rate

The HMRC official rate of interest will remain at 3% for 2016/17.

ADIT

A total of 119 students completed the Chartered Institute of Taxation’s advanced diploma in international taxation (ADIT) in the past 12 months either in June or December. This is an increase from 84 in 2014. Some 169 students passed at least one of the ADIT exams in December 2015 and 42 fully completed the...