Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

ACT collection: time limits

ICTA88/SCH13/PARA10 (1)

The provisions relating to time limits (including extended time limits under TMA70/S36)for CT assessments apply to assessments made under Schedule 13.

There are two time limits, depending on the type of assessment raised.

  1. In most cases, apply the time limits as if the assessment is for the accounting period in which the relevant return period for the franked payment ends.
     

Example

Franked payment return period to 31 March 1994. Return period falls in accounting period ended 31 July 1994. Use the time limits for accounting period ended 31 July 1994.

  1. If the assessment is made in respect of a franked payment not made in an accounting period - for example if a dormant company pays a dividend (see CTM22160), apply the time limits as if the assessment is for an accounting period which ended on the date that payment was made.
     

Example 

Dividend paid on 15 February 1994. Use the time limits for the deemed accounting period ended 15 February 1994.