Corporation Tax Losses

CT Loss carried back under CTA 2010 S37(3)(b)

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Presumably the loss so carried back is relieved at the rate of tax that applied in the period to which it is carried back and not to that prevailing in the period when the loss arose? It didn't matter when the rate stayed static at 20% for the smaller companies. I'm checking purely because the rate that would apply to a profit in that period would be lower.

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ALISK
By atleastisoundknowledgable...
10th May 2018 18:24

Effectively yes; you’re carrying back the taxable loss, not a negative tax charge.

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RLI
By lionofludesch
10th May 2018 18:49

You're right.

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