Corporation Tax Loss Relief - Get to Grips with the New Rules
Post-election, the government confirmed its intention to stick to its original timetable for introducing major reforms to the corporation tax loss rules. So, with a start date of 1 April 2017, the new rules - that fundamentally change how loss relief works - apply to all companies now. Businesses and their advisers need to familiarise themselves with what they say ahead of filing deadlines.
The new rules combine a 'cap' on carry forward loss relief with increased flexibility for post April 2017 losses. The Government has said that the changes are expected to have a significant impact on businesses within the charge to UK corporation tax - both in terms of potential cost and compliance.
Aimed at manager and senior level delegates, this course presented by Barrister, Sarah Squires, will focus on developing an understanding of the new rules: what they mean, the changes to the existing loss rules and the new loss compliance measures. It will also provide an overview of the various anti-avoidance measures embedded within the draft legislation.
Please note that the course will not cover compliance or how to calculate a loss.
What You Will Learn
The course will cover the following:
- How is loss relief changing?
- What claims do I need to make to use losses?
- What is the group deductions allowance, and how does it apply?
- What is the 'cap' on loss relief, and how does it apply?
- What happens on a corporate acquisition?
- What reporting obligations do I have?
- Capital Loss Reforms - the latest update
10:00am - 4:30pm
Please let us know if you wish to be notified when new dates are added for this programme