Aggregates levy regulations
A new statutory instrument came into effect on 1 April 2010 amending the Aggregates Levy Regulations. It standardises HMRC’s time limits for aggregates levy with those relevant to other taxes.
The aggregates levy time limits will become subject to the same four-year time limit for assessments and claims as for other taxes. This reflects an increase in the time limits for claims and assessments from 3 years. The new statutory instrument also puts in place transitional provisions to ensure that claims that are already out of time on 31 March 2010 cannot be brought back into time.
The introduction of the new time limit is effective from 1 April 2010.