This draft guidance has been published so that stakeholders can comment on it, and to explain the application of the legislation for reform of Corporation Tax loss relief. The legislation is included in clauses 18 and 19 and Schedule 4 of Finance Bill: September 2017.
This is a second tranche of guidance, focusing on group relief for carried forward losses and the relaxation of carried-forward non-trade losses. Amended and further draft guidance will be issued in due course.
Comments about this draft guidance should be emailed to firstname.lastname@example.org. Comments can be sent in batches. The deadline for comments is 5 January 2018.
The draft guidance will be updated as necessary in the light of comments received.