Reform to Corporation Tax loss relief: draft guidance

HMRC is seeking comments on this draft guidance covering the reform of Corporation Tax loss relief.



This draft guidance has been published so that stakeholders can comment on it and to explain the application of the legislation for reform of Corporation Tax loss relief.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 government has confirmed that the legislation will be included in a Finance Bill to be introduced after the summer recess. An amended draft of the legislation was published on 13 July 2017.

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 Amended and further draft guidance will be issued in due course.

Comments about this draft guidance should be emailed to Comments can sent in batches.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The draft guidance will be updated as necessary in the light of comments received.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Draft guidance on the application of commencement provisions was published on 7 December 2017.

Guidance on administrative requirements was published on 8 November 2018.

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 31 July 2017
Last updated 20 December 2018 + show all updates
  1. A link for guidance on administrative requirements has been added.
  2. Link to the Reform of Corporation Tax loss relief: draft guidance on commencement provisions has been added.
  3. First published.