CH51200 - Assessing Time Limits: The Time Limits: Which taxes do the new time limits apply to

The new time limits apply to

• income tax
• capital gains tax
• corporation tax
• VAT
• insurance premium tax
• aggregates levy
• climate change levy, and
• landfill tax
• inheritance tax
• stamp duty land tax
• stamp duty reserve tax
• petroleum revenue tax, and
• excise duties.

‘Income tax’ includes tax accounted for under SA and PAYE. It also includes Class 4 NICs (which are assessed as if they were income tax) but it does not include Class 1 or 1A NICs.

‘Corporation tax’ includes any other amount assessable or chargeable as if it were corporation tax. For example, tax on loans to participators in a close company charged under CTA10/S455.

For details of the time limits, see CH51000.