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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
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Corporation Tax self-assessment (CTSA): capital allowances: CT Pay and File (CTPF) - time limit - HMRC power to extend

CAA90/SCHA1/PARA5

HMRC has specific power to extend the time limit for capital allowances claims. It is not expected that this power will need to be exercised frequently, as the provisions of CAA90/SCHA1 together with the extended time limits allowed in the case of:

  • further and other ‘discovery’ assessments, by TMA70/S43A (AP2170),
  • assessments made to recover tax lost by reason of the taxpayer’s fraudulent or negligent conduct, by TMA70/S36 (3) (EM3905 - EM3906),

should be adequate to deal with most circumstances.