CH82300 – Calculating the Penalty: Losses impact on potential lost revenue calculation

CH82301Losses
CH82310Losses used
CH82320Losses not used
CH82330Losses available for potential lost Revenue calculation
CH82331Losses available Income Tax example
CH82332Losses available Capital Gains Tax example
CH82333Losses available Corporation Tax example
CH82340Understatement of aggregate group profits
CH82341Aggregate group losses
CH82342Example - understatement of profits creates an aggregate loss
CH82343Example - overstatement of profits creates an aggregate loss
CH82344Example - understatement of profits increases the aggregate loss
CH82345Example - overstatement of a loss increases the aggregate loss
CH82350Losses and when to assess a penalty
CH82360Later returns become due
CH82370Losses where there is no reasonable prospect of use
CH82371Example – Losses – No reasonable prospect of use