HMRC manual changes: 14 June 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
Capital Allowances Manual	Updated: CA23122 and CA94751	The guidance explains the First Year Allowance (FYA) available for companies investing in plant and machinery for use in freeport and investment zone special tax sites; and the enhanced rate of structures and buildings allowance (SBA) for qualifying expenditure incurred on buildings in special tax sites. In order to qualify for this FYA the expenditure must be incurred on or before the applicable sunset date in relation to the special tax site concerned; and in order to qualify for the enhanced SBA the building must be first brought into qualifying use on or before the applicable...

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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
Capital Allowances Manual	Updated: CA23122 and CA94751	The guidance explains the First Year Allowance (FYA) available for companies investing in plant and machinery for use in freeport and investment zone special tax sites; and the enhanced rate of structures and buildings allowance (SBA) for qualifying expenditure incurred on buildings in special tax sites. In order to qualify for this FYA the expenditure must be incurred on or before the applicable sunset date in relation to the special tax site concerned; and in order to qualify for the enhanced SBA the building must be first brought into qualifying use on or before the applicable...