Source: http://www.legislation.gov.uk/ukpga/2015/11/schedule/2/part/2/enacted
Timestamp: 2017-05-28 03:50:25
Document Index: 772300519

Matched Legal Cases: ['ART 2', 'ART 2', 'art 9', 'ART 9', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7', 'art 9']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsCymraegHomeAbout UsBrowse LegislationNew LegislationChanges To LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchFinance Act 2015You are here:2015 c. 11SCHEDULE 2PART 2Table of ContentsContentExplanatory NotesMore ResourcesPrevious: PartNext: PartPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Explanatory Notes for Sections Opening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFView moreStatus:This is the original version (as it was originally enacted).PART 2Consequential amendmentsFA 19982In Schedule 18 to FA 1998 (company tax returns, assessments and related matters), after Part 9D insert—
“PART 9EDesignation of losses as unrestricted losses for the purposes of Chapter 3 of Part 7A of the Corporation Tax Act 201083YIntroduction(1)This Part of this Schedule applies to the designation of losses within sub-paragraph (2) as unrestricted losses by a banking company under section 269CH of the Corporation Tax Act 2010 (losses covered by carried-forward loss allowance).
83YADesignation to be made in company tax return(1)A designation to which this Part of this Schedule applies must be made by being included in the company’s tax return for the accounting period for which the company makes a deduction in respect of the losses.
83YBIdentification of lossesWhere a company designates any relevant carried-forward loss in a company tax return, the return must specify—
83YCAmendment or withdrawal of designationA designation to which this Part of this Schedule applies may be amended or withdrawn by the company only by amending its company tax return.”
CTA 20093In section 1223 of CTA 2009 (carrying forward expenses of management and other amounts), in subsection (1)—
CTA 20104In section 1 of CTA 2010 (overview of Act), in subsection (3)—
5In Schedule 4 to CTA 2010 (index of defined expressions), at the appropriate place insert—“banking company (in Part 7A)section 269B”;“building society (in Chapter 3 of Part 7A)section 269CN”;“company tax return (in Chapter 3 of Part 7A)section 269CN”;“group (in Part 7A)section 269BD”;“HMRC (in Chapter 3 of Part 7A)section 269CN”;“partnership (in Chapter 3 of Part 7A)section 269CN”;“pre-2015 carried-forward management expenses (in Chapter 3 of Part 7A)section 269CC(4)”;“pre-2015 carried-forward non-trading deficit (in Chapter 3 of Part 7A)section 269CB(4)”;“pre-2015 carried-forward trading loss (in Chapter 3 of Part 7A)section 269CA(4)”;“relevant carried-forward loss (in Chapter 3 of Part 7A)section 269CN”;“relevant non-trading profits (in Chapter 3 of Part 7A)section 269CN”;“relevant profits (in Chapter 3 of Part 7A)section 269CN”;“relevant regulated activity (in Part 7A)section 269BB”;“relevant trading profits (in Chapter 3 of Part 7A)section 269CN”;“start-up period (in Chapter 3 of Part 7A)section 269CG”.TIOPA 20106(1)In Part 9A of TIOPA 2010 (controlled foreign companies), in Chapter 21 (management), section 371UD (relief against sum charged) is amended as follows.