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RG 5: Credit balance in branch equivalent tax account
or “Outdated rule about extra tax credits for certain overseas businesses”
You could also call this:

“Using losses from past years is no longer allowed”

The rule about using loss balances has been removed. This means you can no longer use loss balances in the way this rule used to allow. The rule was taken out of the law on 30 June 2009. If you want to know more about how this change happened, you can look at section 540(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.

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Next up: RG 7: Reduction of payments for conduit tax relief

or “Outdated rule about reducing tax payments no longer applies”
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Part R General collection rules
Payments for foreign dividends (FDP)

RG 6Using loss balances (Repealed)

    Notes
    • Section RG 6: repealed (with effect on 30 June 2009), on , by section 540(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).