Recover losses corporation tax return

How do i

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I have my own business and my corporation tax return is usually very simple to fill in.  On my last return I made a loss which meant that no tax was payable.  On this year's return I am making a profit, is there a way I can carry forward my losses from last year to this year's tax return to reduce my corporation tax payment for this year?

If so do I put the value on my tax return?

Thanks

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By Tim Vane
27th Jul 2016 11:45

Yes.
Yes.

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By FoxAccountancyServices
27th Jul 2016 13:31

Yes there is a box for it.

Looking at the 2015 CT600, box 160 on page 2 is for "trading losses brought forward claimed against profits"

I am unable to tell you the route to that box, via HMRC's software, as they seem to have stopped agent access to it.. so I can't have a look for you.

Thanks (1)
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By bumpdinkwhallop
27th Jul 2016 20:04

Yes to both.

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