PRT: administration: deficient claims
OTA75\SCH5\PARA2(6) provides that a claim must be in such form as the Board may prescribe and must include a declaration. There are separate declaration forms which must be used with Schedule 5, Schedule 6 and Schedule 7 Research expenditure claims. The declarations for other types of claim are included on the claim forms although there are also separate declaration forms which may be used if a participator wishes to use a single declaration to cover a number of claims of the same type.
When a claim is received without a declaration signed and dated by an authorised officer of the company LB Oil & Gas will advise the claimant company that the claim, as made, is invalid. Where in such circumstances a valid claim in the same figures is received by LBS Oil & Gas within 7 days and provided such further period does not breach the statutory time limit, LB Oil & Gas will treat that claim for all purposes as having been made on the date on which the original invalid claim was received.