David Barry
Joined: 9/13/2024
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RE: CT600 losses b/fwd and deductions allowance
This is a good question from Tarek220371 & I'm not sure it has been answered. If a company has post-April 2017 trading losses, and it wants to use these to offset profits of the same trade in a future period, HMRC's online tax return software only allows 50% of the taxable profits of the year to be offset by trading losse b/fwd. Please confirm how the Deductions Allowance can be claimed in HMRC's online return. Thanks