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Contents

Official guidance
Oil Taxation Manual

OT21195 · Corporation tax ring fence: the supplementary charge

  • OT21200 · Introduction
  • OT21202 · Commencement
  • OT21204 · The meaning of “Adjusted Ring Fence Profits”
  • OT21206 · The meaning of “Finance Costs”
  • OT21209 · The meaning of “Finance Lease” and “Accounts”
  • OT21215 · Management Provisions
  • OT21218 · Interaction with Ring Fence losses
  • OT21219 · No supplementary charge losses or adjusted ring fence losses
  • OT21220 · Negative financing costs
  • OT21221 · Ring fence trading profit with negative financing costs
  • OT21222 · Ring fence trading loss with negative finance costs
  • OT21223 · Example 1 - The carry forward of a CT Ring Fence loss and a shadow computation tracking financing costs
  • OT21224 · Example 2 - Group relief of Corporation Tax Ring Fence Loss and a shadow computation tracking financing costs
  • OT21228 · The supplementary charge: restriction of relief for decommissioning expenditure: overview
  • OT21230 · The supplementary charge: restriction of relief for decommissioning expenditure: the amount of restriction
  • OT21231 · The supplementary charge: increase of relief for decommissioning expenditure where it is taken into account for PRT purposes: overview
  • OT21233 · The supplementary charge: increase of relief for decommissioning expenditure where it is taken into account for PRT purposes: the amount of additional deduction
  1. Corporation tax ring fence: the supplementary charge: contents
  2. Corporation Tax Ring Fence: The Supplementary Charge - Interaction with Ring Fence losses

OT21218 | Corporation Tax Ring Fence: The Supplementary Charge - Interaction with Ring Fence losses

From HM Revenue & Customs · Oil Taxation Manual

In 2007 HMRC & UKOITC discussed the treatment of the supplementary charge and “losses”. HMRC’s position is set out in the following sections. This position was circulated to the members of UKOITC in HMRC’s letter of 7 June 2007.

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