Guidance

Reform of Corporation Tax loss relief: draft guidance on administrative requirements

Find draft guidance about the administrative requirements for the restriction of Corporation Tax loss relief including the group allowance allocation statement template.

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This draft guidance explains the additional administrative requirements included in Corporation Tax Act 2010 Part 7ZA that covers the restriction of Corporation Tax loss relief and how these requirements can be met, including a template for the group allowance allocation statement.

This guidance was amended on 17 December 2018 in response to feedback.

This is the fourth tranche of guidance which covers the administrative requirements for the reform of Corporation Tax loss relief that was introduced in sections 18 and 19 and Schedule 4 of the Finance (No2) Act 2017 from 1 April 2017.

Comments about this draft guidance should be emailed to ct.lossreform@hmrc.gsi.gov.uk.

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

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

Draft guidance on the application of commencement provisions was published on 7 December 2017.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.

Published 8 November 2018
Last updated 17 December 2018 + show all updates
  1. Updated draft guidance has been added following feedback.
  2. First published.