HMRC MAY ALLOW TAX REFUNDS FOR ANTICIPATED COMPANY LOSSES

Gerry MacCrossan

Gerry MacCrossan

HMRC MAY ALLOW TAX REFUNDS FOR ANTICIPATED COMPANY LOSSES


HMRC have recently announced that they may allow limited companies to make claims for loss relief and tax refunds even though the current accounting period has not yet ended, and the corporation tax return has not been submitted. This will be available to companies of all sizes, but they will be required to provide evidence to support the claims.