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HMRC internal manual

Oil Taxation Manual

HM Revenue & Customs
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Capital allowances: extended ring fence expenditure supplement for onshore activities- introduction

CTA2010\S329A - S329T

FA14\S69 and FA14\Sch 14 introduced Extended Ring Fence Expenditure Supplement (ERFES) for onshore activities. ERFES can be claimed for an additional four non consecutive accounting periods following claims under Chapter 5 in respect of six accounting periods for RFES. ERFES operates in a similar way to RFES - see guidance at OT26106 et seq.

The legislation on ERFES is to be found in Chapter 5A, Part 8 of CTA2010 starting at Section 329A.