HMRC manual changes: 18 November 2022

Direct taxes

Manual	Page	Comments
Business Income Manual	Updated: BIM44025	Information added to the guidance on incidental costs of running employee share schemes noting that employer’s NICs payable in respect of a share scheme are deductible as part of the scheme’s administrative costs (for which the timing of the deduction follow the accounting treatment) but that no deduction is available if an employer and employee enter into a joint election to transfer the employer’s NICs liabilities to the employee.
Capital Gains Manual	Updated: CG-APP18–260	Update to the guidance on complex and miscellaneous scenarios when submitting returns through the CGT...

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Direct taxes

Manual	Page	Comments
Business Income Manual	Updated: BIM44025	Information added to the guidance on incidental costs of running employee share schemes noting that employer’s NICs payable in respect of a share scheme are deductible as part of the scheme’s administrative costs (for which the timing of the deduction follow the accounting treatment) but that no deduction is available if an employer and employee enter into a joint election to transfer the employer’s NICs liabilities to the employee.
Capital Gains Manual	Updated: CG-APP18–260	Update to the guidance on complex and miscellaneous scenarios when submitting returns through the CGT...