Produced by Tolley

The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Deadlines
  • Why are deadlines important?
  • Claims and elections by 31 January
  • Claims and elections with shorter deadlines
  • How to make the claim
  • Use the HMRC form
  • By telephone or in writing
  • State the legislative reference
  • Appropriate signatory
  • Computation of the claim
  • More...

Why are deadlines important?

Many tax elections or claims for allowances can be submitted after the deadline for submitting the self assessment tax return has passed. See the Self assessment filing deadline guidance note.

The standard period for submitting claims or elections relating to income tax or capital gains tax is four years from the end of the tax year to which the claim or election relates.

A number of elections have a specific deadline of the first anniversary of 31 January following the tax year in which the relevant event took place (see below).

Several capital gains re-investment or roll-over reliefs require an acquisition to be made within a set period of a disposal, so you need to monitor both the deadline for making the election and the period for making the reinvestment. For more details, see the Roll-over relief for traders and Enterprise investment scheme deferral relief guidance notes.

Claims and elections by 31 January

The claims summarised in Table 1 ― claims which shou

Popular documents