Annex 1: Minor Changes in the Law Change 68: Unpaid remuneration of employees: payment made after return submitted but within 9 months of the end of the period of account: sections 867, 1250 and 1289 and Schedule 1 Example One
A notice to file for the 12 months ended 31 December 2005 is issued in January 2006. This accounting period is included in a period of account that runs from 1 January 2005 to 30 June 2006. The filing date for the accounting period is 30 June 2007 and the amendment date 30 June 2008. This is two years after the end of the period of account.
The time limit for “claiming” the relief will be reduced only if the period of account is longer than 18 months. The filing date for the first accounting period in such a period of account is 12 months after the 18-month point. The time limit for amending the return is 12 months after that filing date. This will be less than two years after the end of the period of account.