London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552
"We understand our clients'
needs and offer practical solutions"

Company Losses

Date: 8th June, 2016   |   Author: Cathy Corns   |   Comments: 0

Currently trading losses in companies can be offset against

  • other income and gains in the same period;
  • all income in the previous period;
  • any income of a group company in the same period;
  • profits from the same trade in future periods.

The relief of non-trade losses is less flexible.

HMRC is now consulting on the best way to achieve the reforms promised from 1 April 2017, namely:-

  • trading losses arising after 1 April 2017 can be carried forward and set against all income in the same or a group company; and
  • Trading losses that arose before 1 April 2017 will still be available for offset against trading profit;


  • only 50% of profits over £5 million can be covered by losses brought forward.


Discussion and Comments


Please enter the word you see in the image below:

Notify me of follow-up comments?

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn