Corporation tax – Trading losses sought to be relieved by carry-back under Income and Corporation Taxes Act 1988 (‘ICTA 1988’), s. 393A as read with Finance Act 2009 (‘FA 2009’), Sch. 6, para. 3 – Whether priority is to be given to a loss for an earlier period or to a loss for a later period for which the loss relief claim was said to have been made before the claim to relieve the loss for the earlier period was made – Held, priority to be given to the loss for the earlier period – Appeal dismissed.
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