HMRC manual changes: 21 July 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
Company Taxation Manual	Update: CTM35160	Guidance on income tax updated to clarify that extended time limits include those which apply to loss of tax brought about carelessly or deliberately (TMA 1970 s 36) and loss of tax involving an offshore matter or offshore transfer (TMA 1970 s 36A).
Corporate Finance Manual	Updates: CFM33010–CFM33150	Guidance on the taxation of loan relationships updated for changes introduced by Finance (No 2) Act 2015 which took effect on 1 January 2016. Updates cover the following topics: • the scope of the loan relationships regime • ‘following the accounts’ • amounts taken to carrying...

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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
Company Taxation Manual	Update: CTM35160	Guidance on income tax updated to clarify that extended time limits include those which apply to loss of tax brought about carelessly or deliberately (TMA 1970 s 36) and loss of tax involving an offshore matter or offshore transfer (TMA 1970 s 36A).
Corporate Finance Manual	Updates: CFM33010–CFM33150	Guidance on the taxation of loan relationships updated for changes introduced by Finance (No 2) Act 2015 which took effect on 1 January 2016. Updates cover the following topics: • the scope of the loan relationships regime • ‘following the accounts’ • amounts taken to carrying...