Following the loss reform legislation included in Finance (No 2) Act 2017 which received Royal Assent in November 2017, some companies may now need to amend tax returns filed for accounting periods ending after 1 April 2017.
Company tax returns affected are those that:
- Include relief for carried-forward losses, and
- The relief did not take loss reform into account.
We will be amending returns for all our clients with losses carried forward arising from 1 April 2017.
If you need advice/assistance please contact
Andy Summers, Rugby 01788 539000 or Jon Kicks, Leicester 0116 261 0061