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HMRC internal manual

Company Taxation Manual

Corporation Tax self-assessment (CTSA): capital allowances: time limit - HMRC may extend

FA98/SCH18/PARA82 (2)

You should not normally admit claims to capital allowances made outside the normal time limit.

FA98/SCH18/PARA82 (2) lets HMRC extend the time limit for making, amending and withdrawing capital allowances claims. This is effectively the same power to admit late claims that the Revenue had in relation to CTPF claims.

SP11/93 explains how the Revenue exercised its existing discretion to admit late claims under CTPF.

SP11/93 was replaced for CTSA accounting periods by SP5/01. See CTM97060 for the text of SP5/01. The new statement covers claims to loss relief, capital allowances and group relief outside the relevant time limits. All referrals for the consideration of HMRC discretion should be made to CTIAA (Technical) using the template found by clicking the Technical Help button in the left bar of this manual.