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Legislation
Corporation Tax Act 2010

Crossheading Post-commencement supplement

  • Section 321 Supplement in respect of a post-commencement period
  • Section 322 Amount of post-commencement supplement for a post-commencement period
  • Section 323 Ring fence losses
  • Section 324 Special rule for straddling periods
  • Section 325 The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
  • Section 326 The ring fence pool
  • Section 327 Reductions in respect of relief for carried-forward ring fence losses
  • Section 328 Reductions in respect of unrelieved group ring fence profits
  • Section 328A Adjustment of pool to remove pre-2013 losses after the initial 6 periods
  • Section 329 The reference amount for a post-commencement period
  1. Post-commencement supplement
  2. The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses

Section 325 | The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses

From legislation.gov.uk

(1)For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—

(a)the carried forward qualifying Schedule 19B amount (if any),

(b)the company's ring fence losses, and

(c)post-commencement supplement.

(2)The ring fence pool continues even if the amount in it is nil.

(3)For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.

(4)But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.

(5)In this section—

“the carried forward qualifying Schedule 19B amount”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B to ICTA immediately before 1 January 2006, and

“the carried forward non-qualifying Schedule 19B amount”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B to that Act immediately before 1 January 2006.

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