HMRC manual changes: 5 January 2024

Direct taxes

Manual	Page	Comments
Pensions Tax Manual	Updated: PTM102000	Guidance on transfers from a registered pension scheme to a qualifying recognised overseas pension scheme (QROPS) updated to reflect the removal of the lifetime allowance charge.
	Updated: PTM102000	Updated to reflect abolition of the lifetime allowance charge from 6 April 2023.
Banking Manual	Added: BKM102000 BKM101100 BKM101200	New introductory chapter added providing an overview of the specific legislative provisions applying to banks and building societies general legislative provisions which may affect the taxation of banks and guidance relating to HMRC’s Statement of Practice 4/96 concerning the meaning of ‘in the ordinary course of its business’ in the context of the exemption from withholding tax on...

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Direct taxes

Manual	Page	Comments
Pensions Tax Manual	Updated: PTM102000	Guidance on transfers from a registered pension scheme to a qualifying recognised overseas pension scheme (QROPS) updated to reflect the removal of the lifetime allowance charge.
	Updated: PTM102000	Updated to reflect abolition of the lifetime allowance charge from 6 April 2023.
Banking Manual	Added: BKM102000 BKM101100 BKM101200	New introductory chapter added providing an overview of the specific legislative provisions applying to banks and building societies general legislative provisions which may affect the taxation of banks and guidance relating to HMRC’s Statement of Practice 4/96 concerning the meaning of ‘in the ordinary course of its business’ in the context of the exemption from withholding tax on...