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 (this will populate the relevant schedule in the iXBRL computation)
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
We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.
