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: BIM35660
As per the announcement at Spring Budget 2024 HMRC has published new guidance around the tax deductibility of training costs for sole traders and the self-employed (see News Analysis: Spring Budget 2024—Tax analysis—Business and enterprise). This update to the Business Income Manual expands on the pre-existing guidance and replicates the recently published 11 examples. Further detail as to the capital / revenue expenditure distinction seen in Dass v Special Commissioner [2006] EWHC 2491 (Ch) is also provided.
Inheritance Tax Manual
Archived: IHTM27181 and IHTM27176 Added: IHTM27160 Updated: IHTM27185 IHTM27173 and IHTM27175...
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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: BIM35660
As per the announcement at Spring Budget 2024 HMRC has published new guidance around the tax deductibility of training costs for sole traders and the self-employed (see News Analysis: Spring Budget 2024—Tax analysis—Business and enterprise). This update to the Business Income Manual expands on the pre-existing guidance and replicates the recently published 11 examples. Further detail as to the capital / revenue expenditure distinction seen in Dass v Special Commissioner [2006] EWHC 2491 (Ch) is also provided.
Inheritance Tax Manual
Archived: IHTM27181 and IHTM27176 Added: IHTM27160 Updated: IHTM27185 IHTM27173 and IHTM27175...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
