On 16 October 2017, UK HMRC published Corporation Tax (Simplified Arrangements for Group Relief) (Amendment) Regulations 2017 for consultation. The draft regulations set out how companies can enter into simplified arrangements in respect of claims and surrenders of group relief for carried-forward losses. Under current rules, corporation tax losses can only be surrendered to other group companies in the year in which they arise. Under new rules included in the second Finance Bill for 2017, companies will be allowed to surrender carried forward corporation tax losses. The draft Regulations enables a group of companies to nominate a particular member of...