HMRC manual changes: 7 July 2023

Direct taxes

Manual	Page	Comments
Business Income Manual	Added: BIM44414	New guidance and examples on the tax deductibility of payments in excess of fair value made by employers on the cancellation of share options in the context of employee share schemes.
Corporate Finance Manual	Added: CFM96271 CFM96656 and CFM99200	New pages have been added relating to the corporate interest restriction (CIR) rules covering: the treatment of payments between group companies in relation to the allocation of amounts disallowed under the CIR rules; an explanation of CIR calculation adjustments to be made (in some circumstances) in respect of employee share schemes; and guidance and examples on related parties and financial assistance.
	Updated: CFM95720 CFM95730 and CFM95620	Additions to the guidance explain that where...

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Direct taxes

Manual	Page	Comments
Business Income Manual	Added: BIM44414	New guidance and examples on the tax deductibility of payments in excess of fair value made by employers on the cancellation of share options in the context of employee share schemes.
Corporate Finance Manual	Added: CFM96271 CFM96656 and CFM99200	New pages have been added relating to the corporate interest restriction (CIR) rules covering: the treatment of payments between group companies in relation to the allocation of amounts disallowed under the CIR rules; an explanation of CIR calculation adjustments to be made (in some circumstances) in respect of employee share schemes; and guidance and examples on related parties and financial assistance.
	Updated: CFM95720 CFM95730 and CFM95620	Additions to the guidance explain that where...