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HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
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Assessing Time Limits: Tables of time limits for relevant taxes: Stamp Duty Reserve Tax

|   | Assessment | Time limit | Legislation | || | 1 | Assessment to recover an under-payment of tax:determination of an amount due from a person in a case involving loss of tax brought about  with no careless or deliberate behaviour
 carelessly by the person or by another person acting on that person’s behalf
 deliberately by the person or by another person acting on that person’s behalf.  |  4 years after the relevant accountable date.6 years after the relevant accountable date.20 years after the relevant accountable date. | SDRT Regulations 1986/REG12 & 13 as amended by SI2010/664 | | 2 | Assessment to recover an over-payment of tax:determination of an amount due from a person in a case involving loss of tax brought about  with no careless or deliberate behaviour
 carelessly by the person or by another person acting on that person’s behalf
 deliberately by the person or by another person acting on that person’s behalf.  | 4 years after the relevant repayment.
6 years after the relevant repayment.
20 years after the relevant repayment. | SDRT Regulations 1986/ REG18 as amended by SI2010/664 | | 3 | Assessment of penalties under TMA 70*  | 6 years after the date on which the penalty was incurred or 3 years after the final determination of the amount of tax on which the penalty is based. | TMA70/S100-103 applied by FA86/S98 |

  • Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.