Irish Revenue has issued eBrief No. 150/20 concerning the accelerated loss relief introduced as part of the July Jobs Stimulus package for COVID-19.
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Revenue eBrief No. 150/20
July Jobs Stimulus - Accelerated loss relief for companies
Section 11 of the Financial Provisions (Covid-19) (No. 2) Act 2020 introduced a new section 396D in the Taxes Consolidation Act 1997 ("TCA"). Section 396D TCA provides for a temporary acceleration of corporation tax loss relief for accounting periods af…