CIRD60095 - Remediation of contaminated land: tax credit: claims

A company makes a claim for land remediation tax credit in its return for the relevant accounting period. The claim can either be made in the original return, or in an amended return for the accounting period (FA01/SCH23/PARA4).

Content of claim

The claim must specify the amount of the tax credit claimed, i.e. an amount quantified at the time the claim is made (FA01/SCH23/PARA6).

Amendment

The company can only amend or withdraw its claim by an amendment to its tax return (FA01/SCH23/PARA6).

Time limit

The time limit for the claim, amendment, or withdrawal is the first anniversary of the filing date for the relevant company tax return. However, the company may make a claim, amendment or withdrawal at a later date if the Inland Revenue allow it (FA01/SCH23/PARA6 – which inserted FA88/SCH18/para 83K).