[CTM04880] CTM04880 – Corporation tax: CT loss reform: commencement and apportionment
F(2)A17/SCH4/PART12/PARA190 to PARA192
The amendments to legislation made by F(2)A17/SCH4 (which contains provisions relating to relief for losses carried forward) have effect from 1 April 2017 (PARA190 (1)).
For the purposes of applying those amendments, where a company has an accounting period that straddles 1 April 2017, the periods falling before and after that date are treated as separate accounting periods (PARA190 (2)).
In some circumstances, it may be necessary to apportion profits, losses or deductions (described in PARA190 (2) as amounts) of the straddling accounting period in order to determine how much of these amounts fall before and after 1 April 2017.