Draft legislation: relief for carried-forward losses
This measure reforms the tax treatment of certain types of carried-forward loss for Corporation Tax purposes.
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The new rules will apply to all losses arising on or after 1 April 2017. Losses arising before that date will remain subject to the existing rules and can바카라 사이트™t benefit from the increased flexibility, but they will be subject to the restriction on the amount of profit that can be relieved by carried-forward losses.
A tax information and impact note has also been published.
Comments about this legislation should be send to Claire White by email: claire.white@hmrc.gsi.gov.uk or Clare Dunne by email: clare.e.dunne@hmrc.gsi.gov.uk by 23 February 2017.