Final set of company accounts is a long period so 2 CT APs & is loss making.
The mechanics mean that to utilise losses fully there needs to be a terminal loss claim & a prior year carry back claim with the available losses being carried back into the same profit making accounting period.
Is there a correct order as per the legislation?
I remember from tax exams the tutor saying there was an order for losses but that's the extent of my memory & she could have been including group relief in there...
Thanks
