[2016] UKFTT 468 (TC)

Judge John Walters QC

Decision released 5 July 2016

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.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.