CTM05130 - Corporation tax: restriction on relief for carried-forward losses: deductions allowance for a company not in a group
CTA10/S269ZW
If a company is not a member of a group (CTM05160) for any part of a 12 month accounting period, then its non-group deductions allowance for that accounting period is £5 million. If however the accounting period is less than 12 months, this amount is reduced proportionally.
Similarly, if the company바카라 사이트™s accounting period begins before and ends after 1 April 2017, which is the commencement date for the loss restriction, then the company바카라 사이트™s deductions allowance should be reduced to reflect the proportion of its accounting period that falls on or after 1 April 2017.
The company should specify the amount of its deductions allowance in its tax return (CTA10/S269ZZ). It can do this, for example, as part of the tax computations it submits with its return.