Corporation Tax Act 2010 section 336

Carrying whole of pool of field allowances into following period

Section 336 sets out the rules for determining when a company's entire pool of field allowances is carried forward into a future accounting period.

• If a company has a pool of field allowances at the end of an accounting period and has made no claim to use any of those allowances in that period, the full pool is carried forward to the next accounting period.
• The carried-forward pool retains its full value — no reduction is made simply because a period has passed without the allowances being used.
• This rule applies specifically where no field allowance claim has been made for the period in question, preserving the pool intact for future use.
• The provision works alongside related rules that deal with partial use of the pool, where only part of the allowances are claimed in a given period.