OT21195 - Corporation Tax Ring Fence: The Supplementary Charge: Contents
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Introduction |
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Commencement |
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The meaning of “Adjusted Ring Fence Profits” |
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The meaning of “Finance Costs” |
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The meaning of “Finance Lease” and “Accounts” |
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Management Provisions |
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Interaction with Ring Fence losses |
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No supplementary charge losses or adjusted ring fence losses |
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Negative financing costs |
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Ring fence trading profit with negative financing costs |
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Ring fence trading loss with negative finance costs |
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Example 1 - The carry forward of a CT Ring Fence loss and a shadow computation tracking financing costs |
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Example 2 - Group relief of Corporation Tax Ring Fence Loss and a shadow computation tracking financing costs |
