TGS


Guidance: Reform of Corporation Tax loss relief: draft guidance on commencement provisions

This draft guidance has been published so that stakeholders can comment on it and to explain the application of the commencement provisions included in the legislation for reform of corporation tax loss relief. The legislation is included in Clauses 18 and 19 and Schedule 4 of the Finance (No. 2) Act 2017.

This guidance includes worked examples showing how the commencement provisions at Part 12 of Schedule 4 may be applied.

Comments about this draft guidance should be emailed to ct.lossreform@hmrc.gsi.gov.uk. Comments can sent in batches. The deadline for comments is 9 February 2018.

The draft guidance will be updated as necessary in the light of comments received.

A first tranche of guidance was published on 31 July 2017.

A second tranche of guidance was published on 6 November 2017.

A consultation on the reforms to corporation tax loss relief has been carried out.

A tax information and impact note has also been published.

https://www.gov.uk/government/publications/reform-of-corporation-tax-loss-relief-draft-guidance-on-commencement-provisions

seen at 09:37, 7 December in Publications on GOV.UK.
Email this to a friend.