BIM44095 - Specific deductions - employee share schemes: Contributions to QUESTs, a/c periods starting before 1 Jan 2003 - expenditure period

The expenditure period is defined in FA89/S67 (5) and is:

• the period of nine months beginning with the day following the end of the period of account in which the contribution is charged as an expense, or
• such longer period as HMRC may allow.

Refer claims for an extension of the period under this provision which are directed to you, together with the trustee's explanation of why the nine-month limit cannot be met, to the Employee Share Schemes Unit, Capital & Savings, Somerset House.