HMRC manual changes: 20 October 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	New: CA23174AA—CA23174AF	New chapter added setting out guidance on the capital allowances changes introduced by Finance (No 2) Act 2023 namely temporary full expensing for main rate plant and machinery (P&M) and the extension of the 50% first year allowance (FYA) for special rate P&M: • CA23174AB provides guidance on the conditions that must be met for expenditure to qualify for full expensing or the 50% FYA • CA23174AC describes the kinds of expenditure that are excluded from being qualifying expenditure • CA23174AD-CA2317AE sets out how to calculate the balancing charge arising on the disposal of P&M on...

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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	New: CA23174AA—CA23174AF	New chapter added setting out guidance on the capital allowances changes introduced by Finance (No 2) Act 2023 namely temporary full expensing for main rate plant and machinery (P&M) and the extension of the 50% first year allowance (FYA) for special rate P&M: • CA23174AB provides guidance on the conditions that must be met for expenditure to qualify for full expensing or the 50% FYA • CA23174AC describes the kinds of expenditure that are excluded from being qualifying expenditure • CA23174AD-CA2317AE sets out how to calculate the balancing charge arising on the disposal of P&M on...