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HMRC internal manual

Company Taxation Manual

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HM Revenue & Customs
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Corporation Tax self-assessment (CTSA): capital allowances: time limit

FA98/SCH18/PARA82 (1)(a) lays down the time limit in which a company may make, amend or withdraw a capital allowance claim.

The limit is at any time up to the first anniversary of the filing date:

  • for the return,
  • for the accounting period,
  • for which the claim is made.

In most cases that will not be earlier than two years after the end of the accounting period. However, it will be later than that if:

  • the accounting period ends during a period of account (either because an accounting period ends during a twelve month period of account, or because the period of account lasts longer than twelve months),
  • the notice to deliver is issued so late that the filing date is determined by the date of receipt of the notice, rather than the end of the accounting period or period of account, (see CTM93030 onwards for guidance on filing dates).

Example 1

Shows the time limit for a claim for an accounting period when the period of account is more than twelve months and the first twelve months covered by the accounts is an accounting period.

In these cases the specified period in the notice to deliver issued under FA98/SCH18/PARA3 is the first twelve months covered by the accounts and those first twelve months are an accounting period.

Period of account Accounting period ended Filing date Time limit
       
1.1.99-31.12.00 (24 months) 31.12.99 30.6.01 30.6.02
1.1.99-31.7.00 (19 months) 31.12.99 30.6.01 30.6.02
1.7.99-31.1.01 (19 months) 30.6.00 31.12.01 31.12.02

 

Example 2

Shows the time limits for a claim for an accounting period when the period of account is twelve months long and an accounting period ends at the end of the period of account.

 

Date of service of notice to deliver Accounting period ended Filing date Time limit
       
28.1.00 31.12.99 31.12.00 31.12.01
20.10.00 31.12.99 20.1.01 20.1.02
10.6 01 31.12.99 10.9.01 10.9 02