Back to contents

Updates: Banking Manual

2023

21 June 2023 published amendments

Bank loss restriction: commencement rules: periods straddling 1 April 2017

Amendment to formatting of table to meet accessibility

20 June 2023 published amendments

2022

10 October 2022 published amendments

Interaction of the Code with other measures: contents

Guidance on the interaction of the Code and uncertain tax treatments by large business

28 September 2022 published amendments

8 August 2022 published amendments

13 July 2022 published amendments

12 July 2022 published amendments

Banking surcharge: definition of a banking company: contents

Update changes following review

Banking surcharge: definition of banking company: deposit taker condition

update changes following review.

Banking surcharge: definition of banking company: financial sector condition

update changes following review

Update changes following review.

Banking surcharge: definition of banking company: introduction

update changes following review.

Bank loss restriction: definition of banking company: contents

Links to BKM302850 archived

Bank loss restriction: definition of banking company: deposit taker condition

Update changes following review.

Bank loss restriction: definition of banking company: financial sector condition

Update changes following review

Bank loss restriction: definition of banking company: introduction

Update changes following review.

Bank compensation restriction: definition of banking company: excluded companies – spread betting

Update changes following review.

Bank compensation restriction: definition of banking company: the investment banking condition

update changes following review.

Bank compensation restriction: definition of banking company: financial sector condition

Update changes following review.

HMRC Operation of the Code: Relationship

update changes following review.

HMRC operation of the Code: governance

update changes following review

HMRC operation of the Code: business risk review

update changes following review

Governance protocol: process for determining non-compliance

update changes following review.

update changes following review

Governance protocol: introduction

update changes following review.

The Code commitments – relationship: introduction

update changes following review

The Code commitments – tax planning: promotion

update changes following review

The Code commitments – tax planning: is the transaction within the GAAR?

update changes following review.

The Code commitments – tax planning: Code approaches

update changes following review.

The Code commitments – tax planning: reasonable belief test

update changes following review.

The Code commitments – tax planning: established practice

update changes following review.

The Code commitments – tax planning: introduction

update changes following review

The Code commitments – governance: application to overseas entities

update changes following review.

The Code commitments – governance: for a small bank

update changes following review

The Code commitments – governance: governance

update changes following review

Code population: definition of Investment Bank

update changes following review

update changes following review

Introduction: Code requirements

update changes following review

Introduction: background to the Code of Practice on Taxation for Banks

update changes following review

11 July 2022 published amendments

The Code commitments – tax planning: the Legislation

Update changes following review

Banking Manual

BKM100000+ added to contents page

8 July 2022 published amendments

Banking surcharge: definition of banking company: excluded entities - companies carrying on a second line of business

Update changes following review.

Banking surcharge: definition of banking company: excluded entities - commodities and emission allowance dealers

Update changes following review.

Banking surcharge: definition of banking company: excluded entities - asset management including pension schemes and investment trusts

Update changes following review.

Banking surcharge: definition of banking company: excluded entities - insurance

Update changes following review.

Banking surcharge: definition of banking company: excluded entity

Update changes following review.

Banking surcharge: definition of banking company: relevant regulated activities

Update changes following review.

Banking surcharge: definition of banking company: the investment banking condition

Update changes following review

Banking surcharge: definition of banking company: deposit taker condition

Update changes following review.

Banking surcharge: definition of banking company: introduction

Update changes following review.

Bank loss restriction: definition of banking company: excluded entities - companies carrying on a second line of business

Update changes following review.

Bank loss restriction: definition of banking company: excluded entities – spread betting

Update changes following review.

Bank loss restriction: definition of banking company: excluded entities – commodities and emission allowance dealers

Update changes following review.

Bank loss restriction: definition of banking company: excluded entities: asset management including pension schemes and investment trusts

Update changes following review.

Bank loss restriction: definition of banking company: excluded entities - insurance

Updated changes following review.

Bank loss restriction: definition of banking company: excluded entity

update changes following review

Update changes following review.

Bank loss restriction: definition of banking company: relevant regulated activities

Update changes following review.

Bank loss restriction: definition of banking company: the investment banking condition

Update changes following review

Bank loss restriction: definition of banking company: deposit taker condition

Update changes following review.

Bank compensation restriction: definition of banking company: excluded companies - companies carrying on a second line of business

Update changes following review

Bank compensation restriction: definition of banking company: excluded companies - commodities and emission allowance dealer

Update changes following review.

Bank compensation restriction: definition of banking company: excluded companies: asset management including pension schemes and investment trusts

Update changes following review.

Bank compensation restriction: definition of banking company: excluded companies - insurance

Update changes following review.

Bank compensation restriction: definition of banking company: excluded company

Update changes following review.

Bank compensation restriction: definition of banking company: the investment banking condition

Update changes following review.

Bank compensation restriction: definition of banking company: deposit taker condition

Update changes following review.

Bank compensation restriction: definition of banking company: introduction

Update changes following review.

Bank compensation restriction: definition of banking company: contents

Update change following review.

7 July 2022 published amendments

1 July 2022 published amendments

Banking surcharge: definition of a banking company: contents

Update changes following review

Links to BKM402850 archived

2019

27 August 2019 published amendments

24 August 2019 published amendments

Introduction: Information for banks outside this manual

linked to banking manual

Introduction

linked to banking manual

2018

14 December 2018 published amendments

Bank loss restriction: commencement rules: periods straddling 1 April 2017

change of table formatting

Numbers at point 1 corrected.

Bank loss restriction: carried-forward reliefs to which restriction applies: relevant carried forward losses – normal rules

Updated with changes introduced from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: reliefs carried-back from later periods - non-trading deficits

Updated with changes from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: reliefs arising before a company begins relevant regulated activity

Added punctuation

Bank loss restriction: calculation of carried-forward reliefs available: overview

Updated with changes from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: reliefs for new entrant banks

Updated with changes from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: allowance for building societies: overview

Updated with changes from 1 April 2017

Bank compensation restriction: definition of banking company: financial sector condition

Corrected information to show authorised person is EEA firm or Non-EEA treaty firm, rather than branch of same. Removed reference to supervisory treatment as not correct to say supervised by home regulator. Actual postion too complex to cover.

Bank loss restriction: calculation of carried-forward reliefs available - interaction with calculation of taxable total profits

Updated with changes from 1 April 2017

Banking surcharge: collection and management: banking surcharge – information to include in company tax return

Changes made to reflect introduction of CT600 Version 3

Bank loss restriction: calculation of carried-forward reliefs available: calculation of relevant profit accounting period ended 1/4/15 to 31/3/17 – steps 1 to 4

Updated with changes from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: allowance for building societies - allocation of allowance within building society group

Updated with changes from 1 April 2017

Bank loss restriction: Calculation of carried-forward reliefs available: calculation of relevant profit apes 1/4/15 to 31/3/17 - assumed allocation of relief

Updated title

Bank loss restriction: carried forward reliefs outside the restriction: allowance for building societies - re-allocation of allowance within building society group

Updated with changes from 1 April 2017

Bank loss restriction: calculation of carried-forward reliefs available: where banking company has more than one trade

Updated with changes from 1 April 2017

Bank loss restriction: calculation of carried-forward reliefs available: effect on the availability of other reliefs

Updated with changes from 1 April 2017

Bank loss restriction: introduction: overview of the legislation – additional features

Updated with changes from 1 April 2017

Bank loss restriction: calculation of carried-forward reliefs available: particular considerations for group and consortium relief under CTA10/PART5

Updated for changes from 1 April 2017

Bank loss restriction: carried-forward reliefs to which restriction applies: introduction

Updated following changes from 1 April 2017

Bank loss restriction: carried forward reliefs outside the restriction: overview

Updated to include changes from 1 April 2017

Bank loss restriction: carried-forward reliefs to which restriction applies: relevant carried forward losses – amount available - pre-1 April 2017

Updated to reflect changes from 1 April 2017

24 July 2018 published amendments

removal of comments box

change of table formatting

20 July 2018 published amendments

formatting issues with table

Trial table spacing

30 June 2018 published amendments

Bank loss restriction: contents

Order of contents revised

Added BKM305000 to contents page

18 May 2018 published amendments

Temporarily removed due to formatting issues

none

22 January 2018 published amendments

Bank compensation restriction: commencement: role of CCM and HMRC case team

Change from CRM to CCM as requested by Darryl Wall

2017

17 August 2017 published amendments

11 July 2017 published amendments

Bank loss restriction: example of calculation of carried forward reliefs available: contents

remove second 'example' from heading

Page title changed to distinguish from earlier chapter.

29 June 2017 published amendments

Banking surcharge: definition of banking company: financial sector condition

Revised to show authorised person as the firm rather than branch in case of EEA treaty firm and non EEA treaty firm. Removed reference to supervision in case of non EEA treaty firm as information was wrong.

Bank loss restriction: definition of banking company: financial sector condition

Revised to show authorised person as the firm rather than branch in case of EEA treaty firm and non EEA treaty firm. Removed reference to supervision in case of non EEA treaty firm as information was wrong.

21 June 2017 published amendments

Bank loss restriction: contents

Updated to show chapter on manual homepage

Bank loss restriction: definition of banking company: contents

Link to BKM team space

Bank compensation restriction: contents

Change to update short title in manual homepage.