The time limits for claims for relief for foreign tax by means of a credit against UK corporation tax cannot expire until the later of:

(1)one year after the end of the accounting period in which the foreign tax is paid; or

(2)four years (six years, prior to 1 April 2010) after the end of the accounting period to which the claim relates

(TIOPA 2010, s. 19).

There are exceptions to the time limits above, including where there is a later adjustment made in the amount of foreign tax payable (see ¶173-000ff.).

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