HMRC clarifies the requirements for loss carry-back allocation statements for group companies

Published on: 05 November 2021

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Specialist Tax Regulatory Materials

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HMRC has updated its policy paper on ‘Extended Loss Carry Back for Businesses’ to clarify in the section on 'Loss carry-back allocation statement requirements' that such statements are only required to list members of the 2020 or 2021 group (as appropriate) if they are within the charge to CT.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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