HMRC manual changes: 11 March 2022

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Manual	Page	Comments
Business Income Manual	Added: BIM81200–BIM81360	New guidance added covering basis period reform—on the tax year basis rules that will apply from the tax year 2024/25 onwards and transitional rules for the 2023/24 tax year. It contains worked examples.
	Updated: BIM81001	Note added that for the 2024/25 tax year onwards basis period rules will not apply an individual will instead be taxed on the tax year basis.
	Updated: BIM81045	Basis periods guidance added on how individuals can make a change of accounting date ineffective for tax purposes from year 4 of trading onwards.
	Archived: BIM82700–BIM82955	Content on mixed membership partnerships removed...

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This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Manual	Page	Comments
Business Income Manual	Added: BIM81200–BIM81360	New guidance added covering basis period reform—on the tax year basis rules that will apply from the tax year 2024/25 onwards and transitional rules for the 2023/24 tax year. It contains worked examples.
	Updated: BIM81001	Note added that for the 2024/25 tax year onwards basis period rules will not apply an individual will instead be taxed on the tax year basis.
	Updated: BIM81045	Basis periods guidance added on how individuals can make a change of accounting date ineffective for tax purposes from year 4 of trading onwards.
	Archived: BIM82700–BIM82955	Content on mixed membership partnerships removed...