CIRD Update Index - Recent changes to this Manual
Below are details of the amendments that were published on 25 February 2004:
| Section | Title and details of the update |
| Contents | Incorrect entry for CIRD22000 deleted |
| CIRD10100 | Intangible assets -
introduction - contents list
New page at CIRD10240 added to contents list |
| CIRD10145 | Intangible assets regime
outside FA02 rules - location of guidance
IM references updated to BIM references |
| CIRD10200 | Intangible assets -
introduction - international aspects
IM4650 changed INTM430000 and INTM460000 |
| CIRD10240 | Intangible asset regime -
introduction - valuation issues
New page |
| CIRD10510 | Research and development
tax credits for companies - Introduction - common features
Date at fourth bullet changed from ‘xxxx’ to 27 September 2003 |
| CIRD11173 | Intangible assets within
FA02/SCH29: asset conditions: options etc in respect of intangible
fixed assets
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD11678 | Intangible assets within
FA02/SCH29: time test: general conditions: time when asset created:
whether expenditure on creation or on enhancement of asset
IM348j changed to BIM35845 in final paragraph |
| CIRD11685 | Intangible assets within
FA02/SCH29: time test: general conditions: time when asset created:
exceptions to expenditure incurred rule: assets other than goodwill
not qualifying for capital allowances
i. Line added at end: ‘Where valuation of intangible assets…….’ ii. IM348 changed to ‘BIM35800 onwards’ in example |
| CIRD11725 | Intangible assets within
FA02/SCH29: time test: exception for royalties: examples
Example 2: date on line 4 changed from 1st October 2002 to 2001 |
| CIRD12740 | Core computational rules:
deductible debits: relief for capitalised expenditure on an
intangible asset: expenditure to be taken into account: asset
acquired as part of a larger bargain: just and reasonable
apportionment
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD13080 | Core computational rules:
taxable credits: ‘negative goodwill’ referable to
intangible assets
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD13245 | Core computational rules:
taxable credits and deductible debits on the realisation of assets:
realisation proceeds: assets disposed of together
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD20100 | Reinvestment relief:
conditions to be satisfied by new asset: contents
Already existing page CIRD20150 added to contents list |
| CIRD25015 | Types of intangible
assets excluded from Schedule 29: partial exclusion of asset:
apportionment
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD30515 | Notes on accounting
practice: FRS11 Objectives and Scope
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD30520 | Notes on accounting
practice: FRS7 - Fair Values in Acquisition Accounting: objective
and scope
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD30525 | Notes on accounting
practice: Financial Reporting Standard for Smaller Entities
Two web site addresses in final paragraph updated |
| CIRD40505 | Intangible assets:
groups: adjustments on degrouping: background
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD45030 | Intangibles: related
party rules: market value rule
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD47010 | International issues:
introduction
First and fourth bullets of ‘Provisions described elsewhere’ deleted |
| CIRD47030 | International issues:
company ceases to be resident in UK or asset ceases to be used in
UK branch trade
Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD47060 | International issues:
application of transfer pricing rules
IM4650 onwards changed to INTM430000 onwards and INTM460000 onwards at end of first paragraph Line added at end: ‘Where valuation of intangible assets…….’ |
| CIRD82000 | R and D tax relief for
large companies: contents
Title of CIRD83000 changed to match page |
| CIRD82205 | R and D tax relief for
large companies - expenditure directly incurred in carrying out R
and D
Bullets replace numbering under heading “Direct expenditure as principal” |
| CIRD84100 | R and D tax relief for
large companies - expenditure on externally provided workers
New page omitted in error from changes published on 12/11/03 |
Click on one of the dates below to see details of previous updates to this Manual:
| 12 November 2003 |
