Changes to HMRC Manuals this week, include:
Manual | Page(s) and date of change | Comments |
Business Income Manual | Updated: BIM60515 (22 April 2020) | Updated guidance on transactions in land to add an email address for comments on the guidance. |
Capital Allowances Manual | Updated: CA20020, CA23060 (21 April 2020) | Updated guidance on plant and machinery in dwelling houses to state that the plant or machinery doesn’t necessarily have to be located in the dwelling house in order to be ‘for use in’ it. |
Capital Gains Manual | Archived: CG33001, CG33021, CG33022, CG33024, CG33050, CG33051, CG33111–CG33145, CG33201–CG33204, CG33230–CG33260 (21 and 23 April 2020) | Archived guidance on trusts in relation to: basic terms, definitions and outline of CGT for trusts. |
Compliance Operational Guidance | Updated: COG915150, COG915160, COG915165 (21 April 2020) | Updated to confirm that compliance activity in relation to regulation 80 determinations (enforcing payment of PAYE) has been paused until 30 April 2020. |
Corporate Finance Manual | Updated: CFM35810 (21 April 2020) | Updated guidance on loan relationships and late interest to state that where disallowed amounts are subsequently written off the borrower can only bring the debit into account when it actually pays the interest. |
Company Taxation Manual | Updated: CTM34195, CTM94080, CTM94100, CTM94140, CTM95340, CTM95420, CTM95470, CTM95510, CTM97002, CTM97005, CTM98220 (21 and 22 April 2020) | Updated guidance: ● on late returns in relation to: reasonable excuses for penalties, Companies Act extension under FA 1998, Sch 18, para 17, surrendering a refund to another group company ● to remove guidance on when COTAX enters cases onto the work list for determination required no return ● on CTA 2010, s 458 claims and general guidance on group relief ● on discovery determinations, the finality of determinations ● to add an email address (replacing the postal address) for companies to notify HMRC that they of their intention to cease to be resident in the UK ● on estimated assessments to remove the statement saying ‘Note: Generally, you should use the provisions of Section 51 in preference to those of TMA70/S20. In suitable cases, though you may seek a notice under Section 20 in accordance with EM2400 onwards’ |
Cotax Manual | Updated: COM130050 (22 April 2020) | Updated guidance on mandatory online filing and the end of a company’s life to state that HMRC should take a pragmatic approach to accepting submissions from insolvency practitioners. |
Debt Management And Banking | Updated: DMBM560590 (23 April 2020) | Updated guidance on request for notification and mutual assistance in the recovery of debt to include a new HMRC team name and address, documents will now normally be notified by the HMRC MARD Team, International Debt Office, Cumbernauld, BX9 1QH. |
Employment Income Manual | Added: EIM32143 (22 April 2020) | New example on travel expenses and having more than one permanent workplace at the same time. |
Information Disclosure Guide | Updated: IDG50840 (27 April 2020) | Updated guidance on insolvency service investigations and enforcement service. |
International Manual | Updated: INTM180020, INTM480540 , INTM480550 (22, 27 April 2020) | Updated guidance on: ● the classifications of foreign entities for UK tax purposes to state that applications should currently be only sent by email ● real time working of transfer pricing issues |
International Exchange of Information Manual | Updated: IEIM401740, IEIM401760, IEIM401820, IEIM402340 (23 April 2020) | Updated guidance to state that non-registered pension arrangements, premium bonds, fixed interest savings certificates and index linked savings certificates are reportable for CRS and DAC purposes with effect from 13 May 2020. Updated list of reportable jurisdictions whose tax residents Financial Institutions must report on by 31 May 2020 under the CRS. HMRC also states that it ‘recognises that Financial Institutions may already have compiled their files and may be unable to remove such accounts in time to allow reporting by 31 May 2020’. |
Investment Funds Manual | Updated: IFM24060 (22 April 2020) | Updated guidance on interpretation of terms used in CTA 2010, s 556(3) the ‘three year development rule’ in relation to the ‘completion of the development’. |
Statutory Payments Manual | Updated: SPM110500 (23 April 2020) | Updated guidance on statutory sick pay in relation to coronavirus cases. |
Changes to HMRC Manuals this week, include:
Manual | Page(s) and date of change | Comments |
Business Income Manual | Updated: BIM60515 (22 April 2020) | Updated guidance on transactions in land to add an email address for comments on the guidance. |
Capital Allowances Manual | Updated: CA20020, CA23060 (21 April 2020) | Updated guidance on plant and machinery in dwelling houses to state that the plant or machinery doesn’t necessarily have to be located in the dwelling house in order to be ‘for use in’ it. |
Capital Gains Manual | Archived: CG33001, CG33021, CG33022, CG33024, CG33050, CG33051, CG33111–CG33145, CG33201–CG33204, CG33230–CG33260 (21 and 23 April 2020) | Archived guidance on trusts in relation to: basic terms, definitions and outline of CGT for trusts. |
Compliance Operational Guidance | Updated: COG915150, COG915160, COG915165 (21 April 2020) | Updated to confirm that compliance activity in relation to regulation 80 determinations (enforcing payment of PAYE) has been paused until 30 April 2020. |
Corporate Finance Manual | Updated: CFM35810 (21 April 2020) | Updated guidance on loan relationships and late interest to state that where disallowed amounts are subsequently written off the borrower can only bring the debit into account when it actually pays the interest. |
Company Taxation Manual | Updated: CTM34195, CTM94080, CTM94100, CTM94140, CTM95340, CTM95420, CTM95470, CTM95510, CTM97002, CTM97005, CTM98220 (21 and 22 April 2020) | Updated guidance: ● on late returns in relation to: reasonable excuses for penalties, Companies Act extension under FA 1998, Sch 18, para 17, surrendering a refund to another group company ● to remove guidance on when COTAX enters cases onto the work list for determination required no return ● on CTA 2010, s 458 claims and general guidance on group relief ● on discovery determinations, the finality of determinations ● to add an email address (replacing the postal address) for companies to notify HMRC that they of their intention to cease to be resident in the UK ● on estimated assessments to remove the statement saying ‘Note: Generally, you should use the provisions of Section 51 in preference to those of TMA70/S20. In suitable cases, though you may seek a notice under Section 20 in accordance with EM2400 onwards’ |
Cotax Manual | Updated: COM130050 (22 April 2020) | Updated guidance on mandatory online filing and the end of a company’s life to state that HMRC should take a pragmatic approach to accepting submissions from insolvency practitioners. |
Debt Management And Banking | Updated: DMBM560590 (23 April 2020) | Updated guidance on request for notification and mutual assistance in the recovery of debt to include a new HMRC team name and address, documents will now normally be notified by the HMRC MARD Team, International Debt Office, Cumbernauld, BX9 1QH. |
Employment Income Manual | Added: EIM32143 (22 April 2020) | New example on travel expenses and having more than one permanent workplace at the same time. |
Information Disclosure Guide | Updated: IDG50840 (27 April 2020) | Updated guidance on insolvency service investigations and enforcement service. |
International Manual | Updated: INTM180020, INTM480540 , INTM480550 (22, 27 April 2020) | Updated guidance on: ● the classifications of foreign entities for UK tax purposes to state that applications should currently be only sent by email ● real time working of transfer pricing issues |
International Exchange of Information Manual | Updated: IEIM401740, IEIM401760, IEIM401820, IEIM402340 (23 April 2020) | Updated guidance to state that non-registered pension arrangements, premium bonds, fixed interest savings certificates and index linked savings certificates are reportable for CRS and DAC purposes with effect from 13 May 2020. Updated list of reportable jurisdictions whose tax residents Financial Institutions must report on by 31 May 2020 under the CRS. HMRC also states that it ‘recognises that Financial Institutions may already have compiled their files and may be unable to remove such accounts in time to allow reporting by 31 May 2020’. |
Investment Funds Manual | Updated: IFM24060 (22 April 2020) | Updated guidance on interpretation of terms used in CTA 2010, s 556(3) the ‘three year development rule’ in relation to the ‘completion of the development’. |
Statutory Payments Manual | Updated: SPM110500 (23 April 2020) | Updated guidance on statutory sick pay in relation to coronavirus cases. |