Company has following taxable profits/ loss
2008 (3,284)
2007 2,511 tax pd £436.62
2006 17,393 tax pd £3,304.67
2005 10,000 tax pd nil
I would like to know how to carry this back on the CT600 and how to show this in account please if anyone can help.
Colin
Replies (4)
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Tick the Box
Dont forget to tick the box on the front of the CT600 which says "is a repayment due for an earlier year?"
I have known HMRC not to deal with the loss carry back if this box is specifically not ticked, regardless of what the computation or the covering letter actually says.
not claimed on CT600
you just have to show what you wish to do with the loss in the tax computation, and then make HMRC aware of the claim when submitting the return (i usually write LOSS CARRYBACK CLAIM on the front of the comp, and highlight it as well as the relevant part of the computation).
HMRC will then amend the previous years figures based on the claim.