OT60055 - Transferable Tax History - Making a TTH election and the time limit

A TTH election will only be valid if both parties submit the election to HMRC by the later of:

• 1 June 2019, or
• the end of a period of 90 days beginning with the day on which the purchaser acquires the TTH asset.

HMRC would prefer the notification to be sent to mailboxes as follows:

LB cases – contactus.largebusinessscotlandandni@hmrc.gov.uk

Mid-size cases – wmbc.msbupstreamoilgas@hmrc.gov.uk

Where the seller or purchaser is a Large Business case please send a copy to your CCM.

Emails should be marked “Transferable Tax History Election”

Where an election is being sent by post it should be sent to the following addresses and should be marked “Transferable Tax History Election”.

LB Cases: Transferable Tax History, Large Business Support Team, HM Revenue and Customs, S1192, Newcastle, NE88 1ZZ

Mid-size Cases: Transferable Tax History, MSB Oil and Gas, S0895, Newcastle, NE98 1ZZ.