HMRC have published a response to their consultation earlier this year on ‘Reforms to corporation tax loss relief’.

Draft legislation for the majority of the new rules is included in Schedule 6 of Finance Bill 2017.  The final pieces of legislation (including how the rules apply to consortium relief and the exemption for FHLs etc.) will be published in January 2017.


Our subscriber guide: Losses: trading and other losses

The response document and original consultation can be found here.