HMRC manual changes: 17 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
Capital Allowances Manual	Updated: CA23110	Page on plant and machinery first year allowance (FYA) amended to remove environmentally beneficial and energy-saving technologies as a category of expenditure on which FYA is available and to add it as a repealed FYA category. Paragraph added to cover the two temporary FYAs introduced by Finance (No.2) Act 2023 for specific periods. Guidance added on expenditure that is incurred before a qualifying activity begins including a new example.
Capital Gains Manual	Updated: CG53120	Substantial shareholdings exemption guidance updated to clarify that a company will still be considered to be a...

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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: CA23110	Page on plant and machinery first year allowance (FYA) amended to remove environmentally beneficial and energy-saving technologies as a category of expenditure on which FYA is available and to add it as a repealed FYA category. Paragraph added to cover the two temporary FYAs introduced by Finance (No.2) Act 2023 for specific periods. Guidance added on expenditure that is incurred before a qualifying activity begins including a new example.
Capital Gains Manual	Updated: CG53120	Substantial shareholdings exemption guidance updated to clarify that a company will still be considered to be a...