In the absence of any provision to the contrary, for the purposes of income tax, the normal rule is that claims are to be made within four years from the end of the tax year to which they relate. Before 1 April 2010, the time limit was generally five years from 31 January next following the end of the tax year (TMA 1970, s. 43(1)).

In certain cases, HMRC may permit an extension of the strict time limit in relation to certain elections and claims.


Time limit

Statutory reference

Averaging election for furnished holiday accommodation

First anniversary of the normal self-assessment filing date for the tax year

ITTOIA 2005, s. 326 (In-Depth: ¶303-170

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.