HMRC manual changes: 10 May 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
Banking Manual	Updated: BKM401400 and BKM404100	The guidance has been updated to note that from 1 April 2023 the banking surcharge annual allowance increased from £25m to & £100m.
Business Income Manual	Updated: BIM52765 BIM52790 and BIM52795	Updated guidance and examples in relation to calculating ‘qualifying care relief’.
Capital Gains Manual	Updated: CG45310	Guidance on no gain/no loss transfers in groups including non-UK resident companies updated to confirm that TMA 1970 Sch 3ZC (which provides an option to defer payment of the tax that arises on a transfer to an EU group...

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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
Banking Manual	Updated: BKM401400 and BKM404100	The guidance has been updated to note that from 1 April 2023 the banking surcharge annual allowance increased from £25m to & £100m.
Business Income Manual	Updated: BIM52765 BIM52790 and BIM52795	Updated guidance and examples in relation to calculating ‘qualifying care relief’.
Capital Gains Manual	Updated: CG45310	Guidance on no gain/no loss transfers in groups including non-UK resident companies updated to confirm that TMA 1970 Sch 3ZC (which provides an option to defer payment of the tax that arises on a transfer to an EU group...