You can obtain relief for the losses that the company has available in the Accounting Period. This includes the offset of losses against other profits made by the company in the period, the surrender of losses to group companies and the surrender of losses for tax credits.
Using the Loss Utilisation Window
The window has two parts to it. The top half has a grid providing a visual representation of the losses available to the company for the Accounting Period. The bottom half displays a summary of the relief for the losses and how they impact the Profits Chargeable To Corporation Tax (PCTCT) for the Accounting Period.