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HMRC internal manual

Business Income Manual

Updates: Business Income Manual

2016

published amendments

Specific deductions: employee share schemes: providing shares to employees: Share Incentive Plans: general rules
Amendment to text describing the amount of the deduction allowed in the case of free or matching shares.

published amendments

Specific deductions: employee share schemes: providing shares to employees: Share Incentive Plans: general rules
Republish to pull through to GOV.UK

published amendments

Specific deductions: pension schemes: introduction
Fix missing links on GOV.UK
Republished to test hyperlinks
Republished to test hyperlinks
Republished to test hyperlinks
Republished to test hyperlinks. Reference to RPSM also updated to PTM.

published amendments

Specific deductions: pension schemes: introduction
Fix GOV.UK link
Specific deductions: pension schemes: employer contributions linked to salary sacrifice arrangements
Fix missing link on GOV.UK

published amendments

Computing the amount to assess: business changes: cessation: general principles
Update to a GOV.UK link
Update GOV.UK link

published amendments

Business Income Manual: Computing the amount to assess: Mixed Membership Partnerships: contents
Sub pages added.
Long/short title updated to include the word contents
Computing the amount to assess: contents
Sub page inserted - Mixed Membership Guidance

published amendments

Specific receipts: refunds of sums paid as VAT: contents
Added new page to the content listing.

published amendments

Introduction: about this manual
Text correction to amend details about feedback choices.
Hyperlinks to attachments amended from redirected links from former HMRC website to new GOV.UK hyperlinks.
Formatting amendments

published amendments

Care providers: childminders: expenses
Spelling correction

published amendments

Specific deductions: contents
added
BIM45100+ added
Specific deductions: flood and erosion projects: Introduction and contents
added
bim45100+ added

published amendments

Specific deductions: flood and erosion projects: Introduction and contents
minor formatting
minor formatting
Specific deductions: Flood and erosion projects: Examples
minor formatting
Specific deductions: Flood and erosion projects: Other definitions
minor formatting
Specific deductions: Flood and erosion projects: Refunds and compensation
minor formatting
Specific deductions: Flood and erosion projects: Disqualifying benefits
minor formatting
Specific deductions: Flood and erosion projects: Interaction with Capital Allowances
minor formatting
Specific deductions: Flood and erosion projects: Qualifying contributions
minor formatting
Specific deductions: Flood and erosion projects: Qualifying projects
minor formatting

2017

published amendments

Measuring the profits (particular trades): land transactions (before 8 March 2016): contents
revised for new pages being added.

published amendments

Measuring the profits (particular trades): contents
BIM60510 added
Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
formatting
Measuring the profits (particular trades): land transactions (before 8 March 2016): contents
adjust title
Simplified expenses: use of home for business purposes
spelling corrections

published amendments

Profits from a trade of dealing in or developing UK land: Anti-fragmentation: Interest
link updated
links updated
Profits from a trade of dealing in or developing UK land: Anti-fragmentation: Example
link for image updated
Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
BIM60510+ added

published amendments

Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
order fixed
index updated to existing page (BIM60595)

published amendments

Profits from a trade of dealing in or developing UK land: Anti-fragmentation: Interest
link
link
link
link updated
Profits from a trade of dealing in or developing UK land: Anti-fragmentation: Example
link

published amendments

Authors and literary profits: contents
tagging updated

published amendments

Commencement and transitional provisions: Overview
Adjusted to include GAAP recognition from 8 March 2017

published amendments

Notification, assessment & payment
Company notification procedure under SA updated.

published amendments

Definitions: Index
hyperlinks updated
hyperlinks added

published amendments

Definitions: Index
link address corrected
Cash basis: receipts: overview
formatting
thresholds updated
Cash basis: eligibility: partnerships
thresholds updated
Cash basis: leaving the cash basis
thresholds updated

published amendments

Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
Correction to ordering of pages
Transactions in land: Overview
Removal of Ryan & Lindsay contact details

published amendments

Definitions: Development
Clarification on meaning of development & new examples
Commencement and transitional provisions: Overview
Removal of sentence referring to amendment to legislation which has been postponed in FB17
Disposals of property deriving its value from land
Adjustment to Example 1

published amendments

Notification, assessment & payment
amended registration details
Transactions in land: Overview
Deletion of ex team member names

published amendments

Disposals of property deriving its value from land
Addition to example to make clear land is not held as trading stock. Addition made after external feeddback

published amendments

Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
reordering
New page added

published amendments

BIM Feedback
typo correction
layout correction

published amendments

Expansion of scope of Corporation Tax and Income tax: Trade of dealing in or developing UK land
correction to show correct statutory reference - Section 5B, CTA2009

published amendments

Specific deductions: employee benefit trusts: used with retirement benefit schemes
Updated to refer to the Pensions Tax Manual

published amendments

Specific deductions: pension schemes: overview
Includes a link to PTM011300
Specific deductions: employee benefit trusts: used with retirement benefit schemes
Link to the Pensions Tax Manual
Specific deductions: pension schemes: introduction
Includes a link to the Pensions Tax Manual

published amendments

Specific deductions: pension schemes: timing of deductions
Includes a link to the Pensions Tax Manual

published amendments

Doctors and dentists: additional pension contributions
Includes a link to the Pensions Tax Manual
Doctors and dentists: superannuation
Includes a link to the Pensions Tax Manual
Specific deductions: staffing costs: payments to dependants and close relatives
Includes a link to the Business Income Manual BIM46000
Specific deductions: pension schemes: anti avoidance
Includes links to the Pensions Tax Manual
Specific deductions: pension schemes: S615 schemes
Includes a link to the Pensions Tax Manual
Specific deductions: registered pension schemes: recharging of contributions in multi-employer schemes
Includes a link to the Pensions Tax Manual
Specific deductions: pension schemes: Pensions Act levy
Includes a link to the Pensions Tax Manual

published amendments

Specific deductions: employee benefit trusts: general-purpose EBTs: deductions for employers’ contributions: timing of deductions
updated to reflect FA (No.2) 2017. Reference to additional rules inserted together with links to explanation and example.
Specific deductions: employee benefit trusts: general-purpose EBTs: deductions for employers’ contributions: how to spot them
Update to reflect FA (No.2) 2017. Name of SPT updated to WMBC Assets Team.
Specific deductions: employee benefit trusts: general-purpose EBTs: deductions for employers’ contributions: introduction
Update to reflect FA (No.2) 2017. Reference to additional rules added. Links to explanation and example added. Name of SPT updated to WMBC Assets (except email which has not changed).
Specific deductions: employee benefit trusts: general-purpose EBTs
Update to reflect FA (No.2) 2017. Only change is insertion of "tax" before "avoidance".
Specific deductions - employee benefit trusts: used with healthcare trusts
Update to reflect FA (No.2) 2017. Reference to additional rules and links to explanation inserted.
Specific deductions - employee benefit trusts: used with accident benefit schemes
Only update is insertion of "GAAP".
Specific deductions: Employee Benefit Trusts: used with employee share schemes
Update to reflect FA (No.2) 2017. Reference to additional rules and explanatory links inserted.
Specific deductions: employee benefit trusts: introduction
Changes to reflect FA (No.2) 2017. Red Cross replaced with well known charity.

published amendments

Specific deductions: staffing costs: timing of deduction
Updated to reflect FA(No 2) 2017. New section inserted under the heading 'Remuneration paid on or after 01/04/17 (CT) or 06/04/17 (IT)',
Specific Deductions: pension schemes: employer-financed retirement benefits schemes
Updated to reflect FA(no 2) 2017; 2nd paragraph added under heading 'Funded employer-financed retirement benefit schemes', and links inserted to new guidance at BIM44571 and BIM44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: disguised remuneration
Updated to reflect FA(No 2) 2017. Additional sentences added to 2nd paragraph (relating to contributions made after specified dates) and links inserted to new guidance pages BIM44571 and BIM44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: interaction with unpaid remuneration rules
Updated to reflect FA(No 2)2017; final paragraph added with links to new guidance pages at BIM44571 and 44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: interaction of Corporation Tax rules with employee share schemes deductions
Updated to reflect FA(No2) 2017; final paragraph added regarding contributions made after specified dates, and links inserted to new guidance pages BIM44571 and BIM44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: payments ‘out of’ contributions
Updated to reflect FA(No 2) 2017; 2nd paragraph added under heading 'Payments out of contributions'.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: computing adjustments: example
Updated to reflect FA(No 2) 2017. Additional bullet point inserted in first section, with link to the new example at BIM44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: computing adjustments
Amended to reflect FA(No2) 2017. Guidance now in tabular form to reflect the rules applying to contributions made on specified dates.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: structure of the legislation
Updated to reflect FA(No2) 2017, inserting references to the additional rules applying to contributions made after specified dates, and inserting a link to the new example at BIM44611.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: what it applies to
Inserted statutory references relating to contributions to pension schemes (into final section, 2nd bullet point).
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: overview
Updated to reflect FA(No 2) 2017 and the additional rules applying to contributions made on/after specified dates.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: introduction
Update to reflect FA(No 2) 2017.
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: contents
Updated to reflect FA(No 2) 2017. Link to new BIM44611 inserted.

published amendments

Specific deductions: employee benefit trusts: contents
Updated to reflect FA(No 2) 2017 additional pages BIM44611 and BIM44571 inserted.

published amendments

Notification, assessment & payment
confirm notification position for CT

2018

published amendments

Measuring the profits (particular trades): Private finance initiative (PFI): non-statutory clearance procedure
name change
Miscellaneous income: losses
name change
typo
Miscellaneous income: deductions
name change
Miscellaneous income: scope of the provisions: series of sales of assets
typo
Miscellaneous income: scope of the provisions: sweep-up - introduction
revised team name
Miscellaneous income: scope of the provisions: judicial comment
formatting
Miscellaneous income: scope of the provisions: overview
formatting

published amendments

Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: overview
Heading reformatted, No change to text.

published amendments

Specific deductions: employee benefit trusts: general-purpose EBTs: deductions for employers’ contributions: contents
BIM44571 added to contents page.

published amendments

Profits from a trade of dealing in or developing UK land (from 8 March 2016): Contents
index update

published amendments

Cash basis: eligibility: partnerships
minor rewording for clarity purposes
Cash basis: eligibility
rates updated to 2016/17
Measuring the profits (particular trades): Moneylenders: whether a trade
updated to show new authorisation body
Doctors and dentists: superannuation
Clarify position for self-employed doctors and dentists that make contributions of relevant earnings into an NHS pension scheme
Care providers: qualifying care relief: introduction
Additional information included in overview
Specific deductions - interest: Overdrawn capital account - example
transcription corrections
Specific deductions - interest: Withdrawal of capital from a business
hyperlink corrected
Specific deductions: employee benefit trusts: general-purpose EBTs: timing of deductions for contributions: what it applies to
revised text to clarify situations in which legislation does not apply to contributions

published amendments

Doctors and dentists: superannuation
Amended to clarify treatment of NHS scheme contributions
Specific deductions: pension schemes: S615 schemes
amended to reflect legislation
Specific deductions: travel and subsistence: cars - restriction of hiring costs: contents
typo correction
Updated to show post 2013 Co2 restrictions rates

published amendments

Specific deductions: travel and subsistence: cars - restriction of hiring costs: contents
correct earlier period date range

published amendments

Profits from a trade of dealing in or developing UK land: Anti-fragmentation: Fragmented activities rules
Amendment 22/03/2018

published amendments

Definitions: The chargeable company or person
amendment