Concessions made for Corporation Tax
Late Corporation Tax returns completed without restriction of reliefs
Certain reliefs such as loss relief and group relief, are restricted where tax returns are not submitted on time. This is required by Section 1085(2) TCA 1997.
A CT1 Corporation Tax return may have been completed without the restriction of reliefs where it was:
- filed late, but no later than 30 June 2021
- not a return that is deemed to be filed late under section 1084(1)(b) TCA 1997
- filed late due to the COVID-19 circumstances.
This applied to accounting periods ending between June 2019 and September 2020 where returns were due between 23 March 2020 and 30 June 2021.
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