{
  "url": "https://openlegislation.uk/finance-act-2015/schedule-2/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2015/schedule-2/paragraph-2.json",
  "legislation": "ukpga/2015/11",
  "legislation_title": "Finance Act 2015",
  "legislation_url": "https://openlegislation.uk/finance-act-2015",
  "path": "schedule/2/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "In Schedule 18 to FA 1998 (company tax returns, assessments and related matters), after Part 9D insert—\n“ PART 9E\nDesignation of losses as unrestricted losses for the purposes of Chapter 3 of Part 7A of the Corporation Tax Act 2010\nIntroduction\n83Y (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).\n(2) The losses mentioned in sub-paragraph (1) are losses which, in relation to any accounting period, would (in the absence of that section) be relevant carried-forward losses.\n(3) Expressions used in this Part of this Schedule and in Chapter 3 of Part 7A of the Corporation Tax Act 2010 have the same meaning in this Part of this Schedule as they have in that Chapter.\nDesignation to be made in company tax return\n83YA (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period for which the company makes a deduction in respect of the losses.\n(2) It may be included in the return originally made or by amendment.\nIdentification of losses\n83YB Where a company designates any relevant carried-forward loss in a company tax return, the return must specify—\n(a) the amount of the loss, and\n(b) whether the loss is—\n(i) a pre-2015 carried-forward trading loss,\n(ii) a pre-2015 carried-forward non-trading deficit, or\n(iii) pre-2015 carried-forward management expenses.\nAmendment or withdrawal of designation\n83YC A designation to which this Part of this Schedule applies may be amended or withdrawn by the company only by amending its company tax return.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/11/schedule/2/paragraph/2",
    "retrieved_at": "2026-10-29T09:07:01.784220+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}