In brief

RPI

The retail prices index for July 2016 is 263.4.

Clearance service

HMRC has added a new annex E to its non-statutory clearance service guidance (tinyurl.com/nrpowa9). It contains a checklist for post-transaction clearances in connection with an offshore disclosure being made using HMRC’s digital disclosure service.

Accounting

HMRC has updated its FRS 101 and FRS 102 overview papers. The FRS 101 guidance takes account of changes since the January 2014 version. Minor updates to the FRS 102 guidance reflect changes since the October 2015 version. Many UK companies will be required to adopt the rules in FRS 101 (reduced disclosure) or FRS 102 for periods beginning on or after 1 January 2015.

Sugar levy

The Treasury has launched a consultation setting out the proposals for the soft drinks industry levy and how it should be implemented. Responses...