Policy paper
Corporation Tax: loss refresh prevention
This Tax Information and Impact Note is about carried forward Corporation Tax trading losses, non-trading loan relationship deficits, and management expenses.
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Details
This measure will prevent companies from obtaining a tax advantage by entering contrived arrangements to convert brought forward reliefs into more versatile in-year deductions. It covers carried forward corporation tax trading losses, non-trading loan relationship deficits, and management expenses. It will have effect for Corporation Tax in the calculation of companies鈥� taxable profits for accounting periods beginning on or after 18 March 2015.
Updates to this page
Published 18 March 2015