Policy paper: Corporation Tax: changes to simplified arrangements for group relief

The rules for relief for carried-forward losses changed from 1 April 2017. Losses that arise after 1 April 2017 that are carried forward may now be surrendered as group relief for carried-forward losses (CTA10/PART5A). The legislation that allows companies to enter into simplified arrangements for group relief has been amended so that simplified arrangements can now be used for claims to group relief for carried-forward losses.

The legislation has been published at Statutory Instrument 2018 No 9 – The Corporation Tax (Simplified Arrangements for Group Relief) (Amendment) Regulations 2018.

Source: HMRC

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