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COM310 | Index Of Legislation: Finance Act 1996

From HM Revenue & Customs · COTAX Manual

  • S83(2) Allows a company to carry back a non trading deficit arising in APs ending in the period from 01/04/1996 to 01/07/1997

That cannot be utilised against profits arising in the AP in which the non trade deficit is incurred

For up to three years preceding the non trade deficit period:

  • Schedule 24 Amendments to Taxes Management Act (TMA) 1970 to take account of the introduction of self assessment