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HMRC internal manual

Orchestra Tax Relief

Orchestra Tax Relief: loss surrender

If the additional deduction results in the separate trade incurring a loss within an accounting period the company may surrender all or part of this loss for a payable tax credit. How to work out what can be surrendered is covered in detail in Chapter 7.


If a loss is surrendered the payable tax credit is 25% of the amount surrendered.


For more information see Chapter 7.