This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Direct taxes
Manual
Page
Comments
Capital Gains Manual
Updated: CG52660
Guidance added on share for share exchanges under TCGA 1992 s 135 highlighting the different anti-avoidance provisions and clearance procedures that apply depending on whether the company being acquired is quoted or unquoted.
Indirect taxes
VAT Health Manual
Added: VATHLT2015
This new paragraph summarises the VAT treatment of Covid-19 testing services. The guidance distinguishes testing services which fall within the VAT health and welfare exemption (for example PCR tests carried out by a health professional) from those which are standard rated (for example self-administered lateral flow tests).
VAT Input Tax...
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This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Direct taxes
Manual
Page
Comments
Capital Gains Manual
Updated: CG52660
Guidance added on share for share exchanges under TCGA 1992 s 135 highlighting the different anti-avoidance provisions and clearance procedures that apply depending on whether the company being acquired is quoted or unquoted.
Indirect taxes
VAT Health Manual
Added: VATHLT2015
This new paragraph summarises the VAT treatment of Covid-19 testing services. The guidance distinguishes testing services which fall within the VAT health and welfare exemption (for example PCR tests carried out by a health professional) from those which are standard rated (for example self-administered lateral flow tests).
VAT Input Tax...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
