HMRC manual changes: 8 November 2024

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: BIM47730	This content relating to the restrictions on deductibility of car hire costs in calculating business profits has been updated in respect of a change (announced at Autumn Budget 2024) to the treatment of double cab pick-ups. The guidance concludes that most if not all double cab pick-ups will be treated as cars from April 2025 for this purpose subject to transitional rules.
	Updated: BIM47110	This page about the deductibility of transfers of assets at an undervalue to employees has been updated to remove a statement that no...

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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
Business Income Manual	Updated: BIM47730	This content relating to the restrictions on deductibility of car hire costs in calculating business profits has been updated in respect of a change (announced at Autumn Budget 2024) to the treatment of double cab pick-ups. The guidance concludes that most if not all double cab pick-ups will be treated as cars from April 2025 for this purpose subject to transitional rules.
	Updated: BIM47110	This page about the deductibility of transfers of assets at an undervalue to employees has been updated to remove a statement that no...