COM52012 | Claims/reliefs: CTSA claims frameworks: legislation

From HM Revenue & Customs · COTAX Manual

The table below gives a brief explanation of what the legislation relevant to this subject contains.

Section	Explanation
39 Finance (No2) Act (F(No2)A) 1997	Amends S393A Income and Corporation Taxes (ICTA) 1988, so that losses arising in Accounting Periods (APs) ending on or after 02/07/1997, may only be carried back for a period of one year.
40 F(No2)A 1997	Amends 83(2) Finance Act (FA) 1996, so that non trading deficits arising in APs ending on or after 02/07/1997, may only be carried back for a period of one year.
Para 9 Sch 18 FA 1998	Claims that cannot be made without a return.
Para 10 Sch 18 FA 1998	Other claims and elections to be included in a return.
Para 16 Sch 18 FA 1998	Enables HMRC to correct obvious errors or omissions in a company’s tax return.
Para 24 Sch 18 FA 1998	Notice of enquiry.
Para 25(1) Sch 18 FA 1998	Enquiry extends to anything in the return, including claims.
Para 31 Sch 18 FA 1998	Amendment of return by company during enquiry.
Para 54 Sch 18 FA 1998	Claims must be quantified at the time the claim is made.
Para 55 Sch 18 FA 1998	General time limit for making claims.
Para 56 Sch 18 FA 1998	Supplementary claim or election to rectify mistakes.
Para 57 Sch 18 FA 1998	Claims or elections affecting a single Accounting Period (AP).
Para 58 Sch 18 FA 1998	Claims or elections involving more than one AP.
Para 59 Sch 18 FA 1998	Other claims and elections.
S 42 Taxes Management Act (TMA) 1970	Procedure for making claims.
S 43 TMA 1970	Time limit for making claims.
Schedule 1A TMA 1970	Claims and so on, not included in returns.
S 6(2) ICTA 1988	Exclusion of certain companies from income tax.
Schedule 19AB ICTA 1988	Pension business - payments on account of tax credits and deducted tax.