This draft guidance has been published so that stakeholders can comment on it and to explain the application of the commencement provisions included in the legislation for reform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Comments about this draft guidance should be emailed to email@example.com. 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The draft guidance will be updated as necessary in the light of comments received.