Reform of Corporation Tax loss relief: second tranche draft guidance

HM Revenue and Customs is seeking comments on this draft guidance covering the reform of Corporation Tax loss relief.



This draft guidance has been published so that stakeholders can comment on it, and to explain the application of the legislation for reform of Corporation Tax loss relief.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 Amended and further draft guidance will be issued in due course.

Comments about this draft guidance should be emailed to Comments can be sent in batches.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The draft guidance will be updated as necessary in the light of comments received.

The first tranche of guidance was published in draft on 31 July 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Draft guidance on the application of commencement provisions was published on 7 December 2017.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 6 November 2017
Last updated 6 December 2017 + show all updates
  1. Link to the Reform of Corporation Tax loss relief: draft guidance on commencement provisions has been added.
  2. First published.