HM Revenue and Customs is seeking comments on this draft guidance covering the reform of Corporation Tax loss relief.
This draft guidance has been published so that stakeholders can comment on it and to explain the application of the legislation for reform of Corporation Tax loss relief.
This is an initial tranche of guidance, focusing on the core rules and other aspects where guidance has been specifically requested. Amended and further draft guidance will be issued in due course.
Comments about this draft guidance should be emailed to firstname.lastname@example.org.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 sent in batches. The deadline for comments is 25 September 2017.
The draft guidance will be updated as necessary in the light of comments received.
A second tranche of guidance was published in draft 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Draft guidance on the application of commencement provisions was published on 7 December 2017.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.