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: CA11145
This update clarifies the guidance on capital allowances and partnerships. The updated page introduces the concepts of 'notional individual' and 'notional company' for partnerships in respect of income tax and corporation tax respectively. This update also provides more examples of capital allowances claims that are only available to companies (including partnership members that are) within the charge to corporation tax (and which are not available to those partnership members that are within the charge to income tax) such as full expensing or the super-deduction.
Capital Gains Manual
Updated: CG73998Y
Guidance on timing...
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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: CA11145
This update clarifies the guidance on capital allowances and partnerships. The updated page introduces the concepts of 'notional individual' and 'notional company' for partnerships in respect of income tax and corporation tax respectively. This update also provides more examples of capital allowances claims that are only available to companies (including partnership members that are) within the charge to corporation tax (and which are not available to those partnership members that are within the charge to income tax) such as full expensing or the super-deduction.
Capital Gains Manual
Updated: CG73998Y
Guidance on timing...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
