HMRC manual changes: 4 May 2023

Direct taxes

Manual	Page	Comments
Corporate Finance Manual	Updated: CFM96500	HMRC has updated its guidance in relation to TIOPA 2010 s 420: how to treat hedging derivatives which are subject to fair value accounting for the purpose of the CIR rules. The update confirms that the provision applies to derivative contracts entered into by a non-UK group company and provides guidance as to how to determine the adjustments required under that section.
Crypto assets Manual	Updated: CRYPTO22200	Page on pooling for CGT calculations updated to add that matching rules are not applied to non-fungible tokens.
Uncertain Tax Treatments By Large Businesses Manual	Additions: UTT17150 and UTT17350	Two new pages have been published providing guidance on the circumstances in...

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Direct taxes

Manual	Page	Comments
Corporate Finance Manual	Updated: CFM96500	HMRC has updated its guidance in relation to TIOPA 2010 s 420: how to treat hedging derivatives which are subject to fair value accounting for the purpose of the CIR rules. The update confirms that the provision applies to derivative contracts entered into by a non-UK group company and provides guidance as to how to determine the adjustments required under that section.
Crypto assets Manual	Updated: CRYPTO22200	Page on pooling for CGT calculations updated to add that matching rules are not applied to non-fungible tokens.
Uncertain Tax Treatments By Large Businesses Manual	Additions: UTT17150 and UTT17350	Two new pages have been published providing guidance on the circumstances in...