HMRC manual changes: 28 June 2024

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: 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...

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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: 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...