Capital allowances claims made outside normal time limits due to a company’s tax returns in which they were made being submitted late were nevertheless timeous, as HMRC’s enquiries into the returns extended the time limits for making the claims.
Summary
Capital allowances claims outside normal time limits due to a company’s tax returns in which they were made being submitted late were nevertheless timeous, as HM Revenue and Customs (HMRC) enquiries into the returns extended the time limits for making the claims.
Background
The taxpayer company’s tax return for the period to 31 March 2012 was received by HMRC on 3 February 2015 and included a claim for capital allowances, which should have been lodged by 31 March 2014.