HMRC manual changes: 28 February 2025

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
Business Income Manual	Updated: BIM84130	Guidance on when profits can be averaged to include new statutory references to Income Tax (Trading and Other Income) Act 2005 ss 222 and 222A.
Capital Gains Manual	Added: CG73505	A new landing page has been added entitled ‘Furnished holiday lettings: consequences of abolition’ with a comment that content will be added following enactment of the legislation.
	Archived: CG12080	Page on ‘Chargeable assets: intangible assets: rights to deferred consideration’ has been archived.
Construction Industry Scheme Reform Manual	Updated: CISR95020	Guidance on manual compliance checks updated to...

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:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this article in full.

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
Business Income Manual	Updated: BIM84130	Guidance on when profits can be averaged to include new statutory references to Income Tax (Trading and Other Income) Act 2005 ss 222 and 222A.
Capital Gains Manual	Added: CG73505	A new landing page has been added entitled ‘Furnished holiday lettings: consequences of abolition’ with a comment that content will be added following enactment of the legislation.
	Archived: CG12080	Page on ‘Chargeable assets: intangible assets: rights to deferred consideration’ has been archived.
Construction Industry Scheme Reform Manual	Updated: CISR95020	Guidance on manual compliance checks updated to...