COM310 - Index Of Legislation: FA1996

• S83(2) Allows a company to carry back a non trading deficit arising in APs ending in the period from 01/04/1996 to 01/07/1997

That cannot be utilised against profits arising in the AP in which the non trade deficit is incurred

For up to three years preceding the non trade deficit period

• Sch 24 Amendments to TMA 1970 to take account of the introduction of self assessment