PTP CT - How to carry back a trading loss to a previous period
- Article ID
- kba-03796
- Article Name
- PTP CT - How to carry back a trading loss to a previous period
- Created Date
- 16th September 2021
- Product
- Problem
- How to carry back a trading loss to a previous period
- Resolution
-
1. Click the fanned pages icon at box 160 to access the Losses notepad and record the amount of the loss being carried back in box f. Relieved against PY profits
2. On page 1 select box 45 ‘Claim or relief affecting an earlier period’
3. When filing online provide a pdf attachment with the details of the claim
The relevant HMRC guidance may be found here https://www.gov.uk/guidance/corporation-tax-calculating-and-claiming-a-loss#how-to-claim-for-a-trading-loss-to-be-carried-back-or-amend-a-claim
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