Weekly roundup of HMRC manual changes

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Manual	Page	Comments
Capital Gains Manual	Updated: CG57100–CG57102	Updated close company guidance in relation to: special rules for shares (to confirm that TCGA 1992, s 124 may still apply even though the income tax provisions were repealed in 1989); the legacy of close company apportionment for CGT; and transfers at undervalue
Company Taxation Manual	Updated: CTM40200	Updated to include guidance on farming and averaging of profits.
Corporate Finance Manual	Updated: CFM33200–CFM33202, CFM33204–CFM33205, CFM33210	Updated guidance on loan relationships and debt for equity swaps on or after 9 November 2009
Double Taxation Relief Manual	Updated: DT18101–DT18105 Archived: DT18150–DT18179	Updated guidance on Switzerland.
Employment Income Manual	Updated: EIM21665	Updated guidance on the exemption for loaned bicycles to include an example on the IR35 rules.
Stamp Taxes on Shares Manual	Updated: STSM015020	Updated to add guidance on the maximum penalty for an instrument not presented for stamping within the relevant thirty-day period.
Venture Capital Schemes Manual	Updated: VCM34060 and VCM55050	Updated guidance on the financial health requirement in relation to SEIS and VCT.

ADMINISTRATION

Manual	Page	Comments
Compliance Handbook	Added: CH116300 and CH116500	Added guidance on the categories of inaccuracies and penalty ranges in relation to offshore matters.

Issue: 1469
Categories: News

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Manual	Page	Comments
Capital Gains Manual	Updated: CG57100–CG57102	Updated close company guidance in relation to: special rules for shares (to confirm that TCGA 1992, s 124 may still apply even though the income tax provisions were repealed in 1989); the legacy of close company apportionment for CGT; and transfers at undervalue
Company Taxation Manual	Updated: CTM40200	Updated to include guidance on farming and averaging of profits.
Corporate Finance Manual	Updated: CFM33200–CFM33202, CFM33204–CFM33205, CFM33210	Updated guidance on loan relationships and debt for equity swaps on or after 9 November 2009
Double Taxation Relief Manual	Updated: DT18101–DT18105 Archived: DT18150–DT18179	Updated guidance on Switzerland.
Employment Income Manual	Updated: EIM21665	Updated guidance on the exemption for loaned bicycles to include an example on the IR35 rules.
Stamp Taxes on Shares Manual	Updated: STSM015020	Updated to add guidance on the maximum penalty for an instrument not presented for stamping within the relevant thirty-day period.
Venture Capital Schemes Manual	Updated: VCM34060 and VCM55050	Updated guidance on the financial health requirement in relation to SEIS and VCT.

ADMINISTRATION

Manual	Page	Comments
Compliance Handbook	Added: CH116300 and CH116500	Added guidance on the categories of inaccuracies and penalty ranges in relation to offshore matters.