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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
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Company taxation manual: recent changes

Below are details of the amendments that were published on 28 March 2014 (see the update index for all updates)

Page Details of update
   
CTM80500+ Statutory references and terms updated to reflect CTA10
CTM80500+ References to ‘consortium member’, ‘consortium company’, ‘group member’, group/consortium company’ and ‘relevant fraction’ changed to reflect the new terms used in CTA10
CTM80500+ Minor drafting changes throughout.
CTM80502 Introduction re-ordered for clarity and to include definitions of terminology previously only referred to in CTM80590.
CTM80525 Third bullet added to refer to restriction of relief for trade losses which was previously omitted
CTM80525 Penultimate bullet added to refer to new legislation at CTA10/S146A and CTA10/S146B
CTM80540-  
CTM80560  Re-drafted to split the guidance more clearly between the consortium conditions.
CTM80540 Fourth bullet point added to describe new condition at CTA10/S143(3)(d)
CTM80540 Final paragraph added to refer to new legislation at CTA10/S146A
CTM80545 Fourth bullet point added to describe new condition at CTA10/S144(3)(d)
CTM80545 Final paragraph added to refer to new legislation at CTA10/S146B
CTM80555 Bullet points added to describe the legislative changes that allow claims to be made where the link company is not UK related. Also defines ‘UK related’ and ‘EEA related’
CTM80555 Penultimate bullet added to refer to restriction of relief for trade losses which was previously omitted
CTM80555 Final bullet added to refer to restriction where the surrendering company is also a member of a group which was previously omitted
CTM80560 Paragraph added to describe the legislative changes that allow claims to be made where the link company is not UK related
CTM80560 Final bullet added to refer to restriction where the claimant company is also a member of a group which was previously omitted
CTM80580 Fifth paragraph added to clarify the order in which restrictions should be applied
CTM80585 Fourth paragraph added to clarify the order in which restrictions should be applied
CTM80587 New page added to describe new legislation at CTA10/S146A
CTM80588 New page added to describe new legislation at CTA10/S146B
CTM80600 Title changed and reference to tax advantage added in text to differentiate these arrangements from the ‘control’ arrangements described at CTM80587 and CTM80588 
CTM80605 Text added to explain that CTA10/S155(2)(b) is now subject to new legislation at CTA10/S155A and CTA10/S155B
CTM80620 Second paragraph added to explain the enactment of ESCC10 and two sections added (‘joint venture companies’ and ‘mortgage arrangements’) to describe the detail of new legislation which enacts ESCC10, at CTA10/S155A and CTA10/S155B
CTM80635 Text updated to reflect the repeal of FA73/S32 as a result of the review of information powers
CTM80640 Second paragraph added to explain the enactment of ESCC10
CTM80670+ Years used in examples updated, and diagrams added to help illustrate examples.
CTM80680 Title changed to reflect the content of the example (to correct previous error)
CTM80690 Correction to paragraph two of ‘facts’ section to show that CH4 is a subsidiary of CH3 (and not of CH1)