Policy paper

Corporation Tax: update to bank loss relief restriction

This tax information and impact note applies to banking companies and building societies within the charge to UK Corporation Tax.

• From: HM Revenue & Customs
• Published: 16 March 2016

Documents

Corporation Tax: bank loss relief restriction

HTML

Details

The measure will further restrict the proportion of a banking company’s annual taxable profit that can be offset by brought forward losses to 25%. With effect from 1 April 2016.

Published 16 March 2016