COM53300 | Claims/reliefs: other reliefs: when to complete a form CT250(P)

General information

Where you give Section 458 (S458) (S419(4)) relief to a company it may be necessary for any late payment interest that is due by the company to be recalculated by the CT Unit in Government Banking and Payments. You must therefore, for each case, follow the steps below to decide if you need to complete form CT250P. The form should be sent via eForm to GBP Payment Operations – CTU CT250s.

Step 1: Has any of the tax (inc. S458) been paid?

No - send form CT250P to the CT Unit in Government Banking and Payments. If the CT250P is not provided, DMB may be unable to identify the case quickly on their Clerical Interest Indicator Worklist (CIIW) and this could lead to a delay.

Yes - go to step 2.

Step 2: Was all the tax paid (inc. S458) on or before the due date?

Yes - you do not need to complete form CT250P as late payment interest will not have accrued. You should make any repayment or reallocation due to the company from COTAX.

No - go to step 3.

Step 3: Has the tax (inc. S458) been paid in full prior to the loan (part of the loan) being repaid?

Yes - you do not need to complete form CT250P as late payment interest will have been calculated by COTAX. You should make any repayment or reallocation due to the company from COTAX.

No - send form CT250P to the CT Unit in Government Banking and Payments. If the CT250P is not provided, DMB may be unable to identify the case quickly on their CIIW worklist and this could lead to a delay.