HMRC manual changes: 28 June 2024

Direct taxes

Manual	Page	Comments
Capital Allowances Manual	Updated: CA23250	The guidance on calculating disposal values for various asset-related events has been updated to clarify how the disposal value is determined where the disposal event is the commencement of a long-funding finance lease or the commencement of a long funding operation lease. In addition as part of these updates the term ‘qualifying lease payments’ is defined.
Corporate Finance Manual	Updated: CFM57040	Updated guidance on the Disregard Regulations (which relate to derivative contracts involved in hedging). The updated guidance states that ‘if a company chooses not to elect into regulations 7 8 and 9 (or has elected out under the previous rules) then regulation 9A will have effect for amounts...

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Direct taxes

Manual	Page	Comments
Capital Allowances Manual	Updated: CA23250	The guidance on calculating disposal values for various asset-related events has been updated to clarify how the disposal value is determined where the disposal event is the commencement of a long-funding finance lease or the commencement of a long funding operation lease. In addition as part of these updates the term ‘qualifying lease payments’ is defined.
Corporate Finance Manual	Updated: CFM57040	Updated guidance on the Disregard Regulations (which relate to derivative contracts involved in hedging). The updated guidance states that ‘if a company chooses not to elect into regulations 7 8 and 9 (or has elected out under the previous rules) then regulation 9A will have effect for amounts...