This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Direct taxes
Manual
Page
Comments
Corporate Finance Manual
New: CFM98485
This new page relates to the administrative rules facilitating compliance with the Corporate Interest Restriction (CIR) legislation which are built around an interest restriction return for a period of account of a worldwide group being submitted by its reporting company. The new page indicates that groups and their agents should have processes in place to ensure that a reporting company has been appointed. HMRC will only appoint a reporting company on behalf of the group in exceptional circumstances. Examples of circumstances HMRC would normally accept are exceptional (as well as examples of unexceptional circumstances) are set out...
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This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Direct taxes
Manual
Page
Comments
Corporate Finance Manual
New: CFM98485
This new page relates to the administrative rules facilitating compliance with the Corporate Interest Restriction (CIR) legislation which are built around an interest restriction return for a period of account of a worldwide group being submitted by its reporting company. The new page indicates that groups and their agents should have processes in place to ensure that a reporting company has been appointed. HMRC will only appoint a reporting company on behalf of the group in exceptional circumstances. Examples of circumstances HMRC would normally accept are exceptional (as well as examples of unexceptional circumstances) are set out...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
