HMRC manual changes: 10 November 2023

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	Updated: CFM64120	Guidance updated to remove last paragraph entitled ‘Sterling presentation currency different functional currency’.
	New: CFM98258	In the context of the corporate interest restriction (CIR) new guidance has been added on the carry forward of interest disallowance and interest allowance for companies that prepare their accounts in a currency other than sterling.
	Updated: CFM95610	In guidance on translating non-sterling amounts for the purposes of CIR tax-interest expense and income amounts two new cross-references have been included to refer to guidance on calculating tax-EBITDA at CFM95720 and on translating carry forward...

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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	Updated: CFM64120	Guidance updated to remove last paragraph entitled ‘Sterling presentation currency different functional currency’.
	New: CFM98258	In the context of the corporate interest restriction (CIR) new guidance has been added on the carry forward of interest disallowance and interest allowance for companies that prepare their accounts in a currency other than sterling.
	Updated: CFM95610	In guidance on translating non-sterling amounts for the purposes of CIR tax-interest expense and income amounts two new cross-references have been included to refer to guidance on calculating tax-EBITDA at CFM95720 and on translating carry forward...