C1F1PART 5AGroup relief for carried-forward losses
Pt. 5A excluded (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), s. 1(5)(e) (with ss. 15(1), 16(1))
CHAPTER 1Introduction
188AAIntroduction to Part
1
This Part—
a
allows a company to surrender losses and other amounts that have been carried forward to an accounting period of the company (see Chapter 2), and
b
enables, in certain cases involving groups or consortiums of companies, other companies to claim corporation tax relief for the losses and other amounts that are surrendered (see Chapter 3).
2
Chapters 4 and 5 contain limitations on the amount of corporation tax relief which may be given on a claim under Chapter 3.
3
See Chapter 5 for definitions that apply for the purposes of this Part and miscellaneous provisions.
4
The corporation tax relief mentioned in this section is called “group relief for carried-forward losses.
Pt. 5A inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 23