HMRC Changes To Extended Loss Carry Back - 1 April 2020 And 31 March 2022 Extended By A Further Two Years

14th April 2022

The extended loss carry back easement allows companies to make claims to carry back losses of accounting periods ending between 1 April 2020 and 31 March 2022 by a further two years. See full details at https://www.gov.uk/government/publications/extended-loss-carry-back-for-businesses

Claims that exceed the £200,000 de minimis must be made in a Company Tax Return. You should complete Box 45 on the CT600 and include details of the carry back claims in the computations accompanying the CT600 and accounts.

You do not need to submit amended returns for the periods the extended relief applies to as the claims will be treated as amendments to those returns.

Claims to carry a trading loss back below the £200,000 de minimis can be made through HMRC's online form. See https://www.gov.uk/guidance/corporation-tax-calculating-and-claiming-a-loss