PTP CT - How to carry back a trading loss to a previous period

Article ID

kba-03796

Article Name

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

Thank you for your feedback.

Was this useful?

Yes No

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.

Escalate to Support?

First Name *

Last Name *

Company Name *

Email Address *

Phone Number *

IRIS Feedback *

For information on how we manage your data please view our privacy policy