Hi everyone,
I was just wondering whether it is allowed to delay claiming WDA and whether there was any restrictions on doing so, number of years etc. Say my profits were below the personal allowance, rather than waste an 18% claim this year, receive the 18% on the pool in a future year?
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Fair point. The treatment simply follows the legislation. WDAs are based on the residue of qualifying expenditure, the level of which will reflect claims made, or not made, in previous periods. It is not a case of calculating a claim for a period, with the consequent impact on residue, and then not actually deducting the allowance.