HMRC manual changes: 16 August 2024

Direct taxes

Manual	Page	Comments
Capital Gains Manual	Updated: CG10150	The page relating to the partial rewrite of TCGA 1992 which was previously archived has been republished.
Corporate Intangibles Research and Development Manual	Updated: CIRD274200	This guidance on the application of the research and development (R&D) fraction for the purpose of the patent box has been updated. The R&D fraction links the availability of the beneficial patent box tax rate on income from a qualifying IP right to the R&D incurred by the company. The guidance updates confirm that the patent box rules have not been changed to follow the revised definitions of R&D expenditure that have been introduced for R&D tax relief purposes from 1 April 2024 in particular in relation...

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Direct taxes

Manual	Page	Comments
Capital Gains Manual	Updated: CG10150	The page relating to the partial rewrite of TCGA 1992 which was previously archived has been republished.
Corporate Intangibles Research and Development Manual	Updated: CIRD274200	This guidance on the application of the research and development (R&D) fraction for the purpose of the patent box has been updated. The R&D fraction links the availability of the beneficial patent box tax rate on income from a qualifying IP right to the R&D incurred by the company. The guidance updates confirm that the patent box rules have not been changed to follow the revised definitions of R&D expenditure that have been introduced for R&D tax relief purposes from 1 April 2024 in particular in relation...