This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Corporate Finance Manual

Debt cap: introduction to allocating the disallowance and exemption: time limit

This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.

The deadline for statements of allocation

Whether the statement of allocation is for disallowances or for exemptions, the deadline for submitting the statement is within 12 months of the end of the relevant period of account. The relevant period of account is the period of account of the worldwide group.

The statement must comply with the requirements of TIOPA10/PART 7. For statements of allocated disallowances the requirements are explained in CFM91620 and for statements of allocated exemptions the requirements are in CFM91650.