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
Corporate Finance Manual
Updated: CFM51095
The updated guidance refers to ‘derivative contract provisions’ instead of ‘loan relationship provisions’ in the context of relievable pre-commencement derivative contract debits for non-UK resident companies starting a UK property business under section 607ZA of the Corporation Tax Act 2009. Additionally the latest version introduces guidance on how to apply section 607ZA where an election into the Disregard Regulations SI 2004/3256 is made once the company starts to carry on a UK property business. It states that when applying s 607ZA CTA 2009 in those circumstances it is appropriate to calculate the amount of debits in...
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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
Corporate Finance Manual
Updated: CFM51095
The updated guidance refers to ‘derivative contract provisions’ instead of ‘loan relationship provisions’ in the context of relievable pre-commencement derivative contract debits for non-UK resident companies starting a UK property business under section 607ZA of the Corporation Tax Act 2009. Additionally the latest version introduces guidance on how to apply section 607ZA where an election into the Disregard Regulations SI 2004/3256 is made once the company starts to carry on a UK property business. It states that when applying s 607ZA CTA 2009 in those circumstances it is appropriate to calculate the amount of debits in...
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:
