HMRC manual changes: 19 April 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 CA94751 CA94755 and CA94760	Terminology used to describe the areas eligible for special tax relief has been updated from ‘freeport tax sites’ to ‘special tax sites ’ which now also includes ‘Investment Zones.’ Note added that the government announced an extension of the freeport and Investment Zone tax reliefs from five years to ten years and that guidance will be updated once legislative change is implemented. Note that HMRC will accept an allowance statement referring to freeport or investment zone qualifying expenditure instead of special tax site qualifying expenditure.
Capital Gains Manual ...

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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 CA94751 CA94755 and CA94760	Terminology used to describe the areas eligible for special tax relief has been updated from ‘freeport tax sites’ to ‘special tax sites ’ which now also includes ‘Investment Zones.’ Note added that the government announced an extension of the freeport and Investment Zone tax reliefs from five years to ten years and that guidance will be updated once legislative change is implemented. Note that HMRC will accept an allowance statement referring to freeport or investment zone qualifying expenditure instead of special tax site qualifying expenditure.
Capital Gains Manual ...