HMRC manual changes: 19 November 2021

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

Manual	Page	Comments
Capital Allowances Manual	New: CA23161–CA23173	New guidance introducing the three temporary first year allowances (FYA) (i) the 130% super-deduction for expenditure on the provision of main rate plant and machinery (ii) the 50% special rate (SR) allowance for expenditure on the provision of special rate plant and machinery and (iii) the 100% FYA for expenditure on the provision of plant and machinery partly for use in a ring-fence trade and partly for use in another qualifying activity all introduced by Finance Act 2021. This new guidance also explains the conditions which must be met for a claim to ...

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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
Capital Allowances Manual	New: CA23161–CA23173	New guidance introducing the three temporary first year allowances (FYA) (i) the 130% super-deduction for expenditure on the provision of main rate plant and machinery (ii) the 50% special rate (SR) allowance for expenditure on the provision of special rate plant and machinery and (iii) the 100% FYA for expenditure on the provision of plant and machinery partly for use in a ring-fence trade and partly for use in another qualifying activity all introduced by Finance Act 2021. This new guidance also explains the conditions which must be met for a claim to ...