OTR10050 - Orchestra Tax Relief: loss surrender

If the additional deduction results in the separate trade incurring a loss within an accounting period the company may surrender all or part of this loss for a payable tax credit. How to work out what can be surrendered is covered in detail in Chapter 7.

If a loss is surrendered the payable tax credit is 25% of the amount surrendered. From 1 April 2025, the rate is 45% of the amount surrendered. See OTR10070.

For more information about payable credits see Chapter 7.