The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and 31 March 2022.
HMRC have 19 agent toolkits available for you to download and use. They are a free online resource aimed at helping you to avoid the most common errors we see in filed returns.
Did you know Tax agent toolkits are refreshed at least annually, including; Income Tax losses, private and personal expenditure, Capital Allowances for plant and machinery, Property Rental, Directors’ loan account and Company loss.