CH51200 - Assessing Time Limits: The Time Limits: Which taxes do the new time limits apply to
The new time limits apply to
- income tax
- capital gains tax
- corporation tax
- VAT
- insurance premium tax
- aggregates levy
- climate change levy, and
- landfill tax
- inheritance tax
- stamp duty land tax
- stamp duty reserve tax
- petroleum revenue tax, and
- excise duties.
‘Income tax’ includes tax accounted for under SA and PAYE. It also includes Class 4 NICs (which are assessed as if they were income tax) but it does not include Class 1 or 1A NICs.
‘Corporation tax’ includes any other amount assessable or chargeable as if it were corporation tax. For example, tax on loans to participators in a close company charged under CTA10/S455.
For details of the time limits, see CH51000.