A trading loss for y/e 31 Jan 2021 is being carried back to 31 Jan 2018 as this is the only year that there are profits to offset under the recent new rules. Do i need to amend the 2018 CT600 or is ticking box 45 "Claim or relief affecting an earlier period" on 2021 return sufficient? I can't find anywhere where it states to submit an amended return for the period affected.
Thanks
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Doubt if you can amend a 31/01/2018 retun now?
Any carry back requested on a CT return will generally be completely ignored by HMRC.
Write separately asking for it to be actioned.
The latest guidance on making loss claims reads..............
Amended company tax returns
You do not need to submit your amended company tax returns online. If you submit amended returns on the online portal for the accounting periods for the extended relief claim, they will be rejected as the time limit on amendments will have passed.
If a company tax return is made, make sure box 45 on CT600 form is completed. More details on the claims should be explained in the computations in the same way that any claim for one year carry back is made.
Also............ Claims should not be made until the Finance Bill receives Royal Assent which is expected to take place around mid-July.
I have just prepared a claim and attached with the Tax Return on the basis it will be many months after July before HMRC actually review and hopefully deal with the repayment.
Seems to me HMRC can never keep up with tax rule changes, and deciding on how taxpayers can get back tax that the taxpayer needs.