Corporation Tax: reform of loss relief
This tax information and impact note will provide for a more flexible loss relief regime.
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皇冠体育appse reforms provide for a more flexible loss relief regime by allowing losses arising from 1 April 2017 to be set against profits of different activities within a company and against profits across a group. 皇冠体育appy also restrict the amount of profit that can offset through carried-forward losses to 50%, subject to a group-wide allowance of 拢5m.
Draft legislation has also been published.