3 year cap - an update
HMRC have now issued Business Brief 07/2008 inviting businesses to submit claims for both input tax accrued before 1 May 1997 and also output tax claims for accounting periods prior to 4 December 1996.
There is no time limit for submission of these claims but if you have a claim, prompt action should be taken.
Further announcements are expected.


Yesterdays' Budget announced a transitional period for claims to 31 March 2009.