Recent updates to the Business Income Manual

Below are details of the amendments that were published on 31 May 2006 (see the update index for all updates).

SectionTitle and details of the update
BIM10000Introduction: contents.

Page BIM10040 deleted. Minor changes on all other pages to improve presentation and reflect change of editor.
BIM10040Introduction: How the BIM is different from the IM.

Page deleted as no longer relevant.
BIM24000Mutual trading: contents.

New page BIM24671 added to contents. All page headings changed. Minor changes throughout chapter to reflect departmental name changes and to improve presentation.
BIM24655Mutual associations: specific activities: NHS doctors' co-operatives.

New sixth paragraph beginning ‘On 1 April 2004……..’.
BIM24671Mutual associations: specific activities: NHS doctors’ co-operatives: new general medical services contract from 1 April 2004.

New page.
BIM24675Mutual associations: specific activities: NHS doctors’ co-operatives: National Association of GP co-operatives.

Addition of a fourth bullet point.
BIM24950Mutual trading: deductibility of payment made by contributor to a mutual trader.

Addition of three end paragraphs beginning ‘In suitable cases………’.
BIM37000Wholly & exclusively: contents.

All page headings changed. Minor changes throughout chapter to reflect departmental name changes and to improve presentation.
BIM37620Wholly & exclusively: duality of, or non-trade, purpose: travel costs: a travelling occupation?

New final paragraph beginning The 'base of operations……..'.
BIM38260Wholly & exclusively: Companies: take over bids: introduction.

Deletion of references to Camas plc v Atkinson case from paragraph after first set of bullet points.
BIM50000Measuring the profits (particular trades): contents.

Deletion of chapter BIM50900 from table of contents.
BIM50900Measuring the profits (particular trades): banks and financial concerns: contents.

Chapter deleted as the current guidance is now in either the Banking Manual (BAM) or the Corporate Finance Manual (CFM).
BIM64000Private finance initiative: contents.

All page headings changed. Minor changes throughout chapter to reflect departmental name changes and to improve presentation.
BIM64245Private finance initiative: interest: trade.

Deletion of second paragraph which started with ‘An interest debit in an accounting period……….’
BIM64295Private finance initiative: interest: non-trade.

Second paragraph amended to include two new bullet points.