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HMRC internal manual

Oil Taxation Manual

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HM Revenue & Customs
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PRT: Safeguard - Expenditure Allowed on Appeal, Late or Reclassified

On Appeal

If qualifying expenditure is allowed on appeal leading to the amendment of an earlier assessment, in making that amendment the accumulated capital expenditure at the end of the chargeable period in question is recalculated to take account of the expenditure. The date of the appeal governs the chargeable period in which the expenditure is relieved and for which the accumulated capital expenditure is amended, see OT04690.

Late

If qualifying expenditure is allowed, otherwise than on appeal, in an assessment for a later chargeable period than the one in which it was incurred, it is included in the accumulated capital expenditure as calculated at the end of the chargeable period in which it is allowed, not the chargeable period in which it was incurred.

Reclassified

If only the expenditure (i.e. without supplement) is agreed in time for it to be included in the assessment for a particular chargeable period, and it is agreed at a later date that the expenditure qualifies for supplement, that expenditure is added to the accumulated capital expenditure as calculated at the end of the chargeable period in which the related supplement is allowed.