I have a partnership client who's year end is 31/10/2020 and made losses of £300,000. For the previous year ie 31/10/2019 they had profits of £350,000 and so we want to make a s64 claim and carry back these losses to 2019/20.
I am struggling with the actual mechanics of making the claim. In the 2021 tax return, just recently filed, I have included the £300,000 losses in box 23 of the partnership page of the return and made reference in the 'Any other information' section that the client is making a s64 claim.
HMRC have processed the return and reduced the 2020/21 liability to £Nil but no action appears to have been taken on the s64 loss claim as the clients account is still showing tax due for 2019/20.
Have I missed something here in the mechanics of making the claim?
I would be grateful for a steer on this one if anybody can advise.