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Contents

Official guidance
Business Income Manual
  • BIM00500 · Introduction
  • BIM14000 · Taxation of trading income
  • BIM20000 · Meaning of trade
  • BIM30000 · Measuring the profits (general rules)
  • BIM40000 · Measuring the profits (specific rules & practices) - receipts & deductions
  • BIM50000 · Measuring the profits (particular trades)
  • BIM70000 · Cash basis
  • BIM75000 · Simplified expenses
  • BIM80000 · Computing the amount to assess
  • BIM90000 · Post-cessation receipts and expenses
  • BIM100000 · Miscellaneous income
  • BIM100350 · Sale of income by an individual in exchange for capital
  • BIMFEEDBACK · BIM Feedback
  • BIM60899 · BlankPage
  • BIM67530 · Waste disposal: Landfill Tax: payments to environmental trusts
  • BIM82001 · Partnerships - general notes: definition
  • BIM82005 · Partnerships - general notes: existence of partnership
  • BIM82010 · Partnerships - general notes: joint venture
  • BIM82015 · Partnerships - general notes: separate business for tax purposes
  • BIM82020 · Partnerships - general notes: capacity of partners
  • BIM82025 · Partnerships - general notes: types of partner
  • BIM82035 · Partnerships - general notes: Scottish partnerships
  • BIM82040 · Partnerships - general notes: formation
  • BIM82045 · Partnerships - general notes: dissolution
  • BIM82050 · Partnerships - general notes: death or retirement of partner
  • BIM82055 · Partnerships - general notes: sharing profits/losses
  • BIM82058 · Partnerships - general notes: property
  • BIM82060 · Partnerships - general notes: sleeping and inactive partners: NICs
  • BIM82065 · Partnerships - general notes: husbands, wives, civil partners and minor children
  • BIM82070 · Partnerships - general notes: service companies
  • BIM82075 · Partnerships - general notes: partners’ personal expenses
  • BIM82080 · Partnerships - expenses paid by partners
  • BIM82085 · Partnership expenses - partnership advances funds to partner
  • BIM82090 · Partnerships - partners in disagreement
  • BIM82095 · Partnership expenses paid by partners - legal basis
  • BIM82101 · Partnerships: limited partnership: overview
  • BIM82105 · Partnerships: Limited partnership: restriction of relief for limited partners
  • BIM82110 · Partnerships: Limited Liability Partnership (LLP): overview
  • BIM82112 · Partnerships: Limited Liability Partnership (LLP): LLP agreement
  • BIM82115 · Partnerships: Limited Liability Partnership (LLP): taxation
  • BIM82120 · Partnerships: Limited Liability Partnership (LLP): compliance
  • BIM82125 · Partnerships: Limited Liability Partnership (LLP): computation of profits
  • BIM82130 · Partnerships: Limited Liability Partnership (LLP): partners interest relief
  • BIM82135 · Partnerships: Limited Liability Partnership (LLP): restriction of relief for LLP members
  • BIM82140 · Partnerships: Limited Liability Partnership (LLP): partners’ basis periods, losses and overlap relief
  • BIM82145 · Partnerships: Limited Liability Partnership (LLP): international aspects
  • BIM82150 · Partnerships: Limited Liability Partnership (LLP): NIC
  • BIM82155 · Partnerships: Limited Liability Partnership (LLP): property investment LLP
  • BIM82160 · Partnerships: EEIGs: background information
  • BIM82215 · Partnerships - computation and assessment: claims and elections affecting partnership profits
  • BIM82220 · Partnerships - computation and assessment: claims and elections affecting partner’s tax liability
  • BIM82230 · Partnerships - computation and assessment: changes of partners: loss relief
  • BIM82235 · Partnerships - computation and assessment: individual, company and non-resident members
  • BIM82250 · Partnerships - computation and assessment: examples of allocation of profits and losses
  • BIM82255 · Partnerships - computation and assessment: partner’s notional trade
  • BIM82260 · Partnerships - computation and assessment: partner’s notional trade: commencement and cessation
  • BIM82265 · Partnerships - computation and assessment: partner’s notional trade: basis period rules
  • BIM82270 · Partnerships - computation and assessment: partner’s notional trade: change of partnership accounting date
  • BIM82275 · Partnerships - computation and assessment: other income: computation of income
  • BIM82280 · Partnerships - computation and assessment: other income: allocation of income
  • BIM82285 · Partnerships - computation and assessment: other income: partner’s basis periods
  • BIM82290 · Partnerships - computation and assessment: other income: partner’s basis period: taxed income
  • BIM82295 · Partnerships - computation and assessment: other income: partner’s basis period: untaxed income
  • BIM82300 · Partnerships - computation and assessment: other income: partner’s basis period: losses
  • BIM82305 · Partnerships - computation and assessment: effect of changes in membership on partner’s basis periods
  • BIM82310 · Partnerships - computation and assessment: other income: overlap relief
  • BIM82315 · Partnerships - computation and assessment: other income: losses and overlap relief
  • BIM82320 · Partnerships - computation and assessment: investment business: partner’s basis period
  • BIM82330 · Partnerships - computation and assessment: examples of partnership computations
  • BIM82405 · Businesses: mergers and demergers: overview
  • BIM82410 · Businesses: mergers: cessation of previous businesses and commencement of new business
  • BIM82415 · Businesses: mergers: previous businesses continue as a merged joint business
  • BIM82420 · Businesses: mergers: one business continues and the other(s) ceases
  • BIM82425 · Businesses: mergers: example
  • BIM82435 · Businesses: mergers and demergers: text of Statement of Practice SP 9/86
  • BIM82601 · Partnerships - loss relief restrictions: introduction
  • BIM82610 · Partnerships - loss relief restrictions: calculation of limit of relief: partners’ capital contributions
  • BIM82611 · Partnerships - loss relief restrictions: calculation of limit of relief: £25,000 annual limit
  • BIM82615 · Partnerships - loss relief restrictions: limited partners
  • BIM82620 · Partnerships - loss relief restrictions: limited partners: example
  • BIM82625 · Partnerships - loss relief restrictions: LLP members
  • BIM82630 · Partnerships - loss relief restrictions: active LLP members: example
  • BIM82635 · Partnerships - loss relief restrictions: LLP members: unrelieved amounts
  • BIM82640 · Partnerships - loss relief restrictions: non-active partners in early tax years
  • BIM82645 · Partnerships - loss relief restrictions: non-active partners in early tax years: example
  • BIM82650 · Partnerships - loss relief restrictions: non-active partners: unrelieved amounts
  • BIM82655 · Partnerships - loss relief restrictions: risk-free capital contributions
  • BIM82660 · Partnerships - loss relief restrictions: cost of contribution financed by loan
  • BIM82665 · Computing the amount to assess: Partnerships - loss relief restrictions: cost of contribution reimbursed to partner
  • BIM82670 · Partnerships - loss relief restrictions: exemptions
  • BIM82675 · Partnerships - loss relief restrictions: recovery of excess relief
  • BIM82680 · Computing the amount to assess: Partnerships - loss relief restrictions: Recovery of excess relief - example
  • BIM82685 · Partnerships: licence-related losses: exit charge
  • BIM84151 · Averaging: amendments to profits: reasons other than averaging: no averaging claim in place
  • BIM85020 · Trade losses - types of relief: Extended loss relief - 2008-09 and 2009-10 losses
  • BIMUPDATE001 · Business Income Manual: update index
  • BIMUPDATE100225 · Business Income Manual: recent changes
  • BIMUPDATE100528 · Business Income Manual: recent changes
  • BIMUPDATE100707 · Business Income Manual: recent changes
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  1. Business Income Manual
  2. BIM Feedback

BIMFEEDBACK | BIM Feedback

From HM Revenue & Customs · Business Income Manual

Where to send feedback

If you have a comment or suggestion about the BIM, please email the editor, Iain Stannard.

Improving the BIM

This manual was rewritten in 2013 to bring it up to date, and to make it easier to use. We would be interested to hear your views.

Our aim is to give you clear and comprehensive guidance about computing trading profits for tax purposes.

We want to keep the BIM up to date and improve it. To do this we need your help. When you are using the BIM there will be times when it doesn’t give you what you want or it could be improved. For example:

  • Something is out of date or you think it is just plain wrong.

  • Something you need is missing altogether.

  • The guidance is pitched at a level which does not suit your needs as a user.

  • The formatting is unhelpful or the language does not meet our diversity standards.

  • A search gives you unexpected results or you can’t find pages you know are there.

  • You find typos and incorrect or broken links.

When that happens please don’t just complain to yourself. Instead please email me.

The future of the BIM

Please also email if you have suggestions for improving the structure, content and presentation of the BIM.

Thanks in advance for your help.

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