- Creating a flexible loss relief regime
- Original news
- What is the background to this consultation and the current rules?
- What is the government broadly proposing and what is it trying to achieve?
- How does this tie in with the Office of Tax Simplification's (OTS) project on the corporation tax computation?
- How will a group be defined for these purposes and how will the rules apply to consortia?
- Are any additional anti-avoidance rules being proposed?
- Is there any detail on how the rules will interact with the new restriction on the deductibility of corporate interest?
- What is the government proposing for carried forward losses of banks?
- Do you think the suggestions in the consultation document achieve the government's aims?
Tax analysis: Complex arrangements governing tax relief on corporation tax losses may be overhauled, with a simplification promising significant advantages to smaller businesses in particular. Pete Miller, of The Miller Partnership in Leicester, explains how the consultation fits within the broader landscape of corporate tax.
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