Part VII General Provisions as to Claims and Elections
Finance Act 1998 (1998 c 36) | Legislation

Part VII General Provisions as to Claims and Elections

Claims must be quantified

54

A claim under any provision of the Corporation Tax Acts for a relief, an allowance or a repayment of tax must be for an amount which is quantified at the time when the claim is made.

General time limit for making claims

55

Subject to any provision prescribing a longer or shorter period, a claim for relief under any provision of the Corporation Tax Acts must be made within [4 years] from the end of the accounting period to which it relates.

Supplementary claim or election

56

A company which has made a claim or election under any provision of the Corporation Tax Acts (by including it in a return or otherwise) and subsequently discovers that a mistake has been made in it may make a supplementary claim or election within the time allowed for making the original claim or election.

Claims or elections affecting a single accounting period

57

(1)     This paragraph applies to a claim or election for tax purposes which affects only one accounting period (“the relevant accounting periodâ€).

[This is subject to sub-paragraphs (1A) to (1C).]

[(1A)

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