CTM90605 - Corporation tax self-assessment (CTSA): Claims and elections: Quantification

FA98/SCH18/PARA54 says that a company must quantify all claims it makes for:

• a relief,
• an allowance, or
• a repayment of tax,

at the time it makes the claim.

“Quantified” means that the company must express the claim in figures. It is not acceptable to express the claim as a formula.

This rule does not apply to elections because most of them cannot be quantified immediately.