CTM82180 | Reform of Corporation Tax loss relief: Group relief for carried-forward losses: Simplified arrangements

FA98/SCH18/PARA77, SI1999/2975, SI2018/9

Companies can make simplified arrangements for group relief for carried-forward losses for accounting periods of the claimant company beginning on or after 1 April 2017.

The simplified arrangements rules in Statutory Instrument 1999/2975 for group relief have been extended by SI2018/9 so that they apply to group relief for carried-forward losses (CTM97650). A group that already uses simplified arrangements for group relief under CTA10/PART5 will need to make a further application in order to use the simplified arrangements for group relief for carried forward losses.

In accordance with the arrangements, an authorised company (CTM97660) can make and withdraw claims and surrenders of group relief for carried-forward losses on behalf of authorising companies (CTM97670) by submitting a written statement (CTM97710).