Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Chapter SACM10035

Document Cited authorities 2 Cited in Related
Vincent
Published date10 April 2016
Record NumberSACM10035
CourtHM Revenue & Customs

SACM10030 explains what is a late claim or election.

Consequential claims

Legislation sometimes allows claims or elections to be made after the statutory time limit if HMRC makes an assessment or amends a self assessment return increasing the amount of tax charged - SACM9005 deals with these ‘consequential claims’.

Other late claims or elections

Any other claim or election that is made outside the statutory time limit has no effect unless HMRC agrees to allow a late claim to be made.

Legislation gives the Commissioners discretion to allow some specific claims or elections to be made after the statutory time limit, for example rebasing elections under section 35(6) TCGA 1992 and some corporation tax claims. Where legislation gives HMRC discretion to accept a late claim you must look at

  • the general guidance at SACM10040, and
  • the specific guidance for that legislation.

For example, see CG16820 for rebasing elections or CTM97055 for corporation tax group relief.

If there is no specific legislation...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT