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Updates to P6 Corporation Tax such as R&D and Patent Box:
If a SME has a trading loss after deducting the 225% of r&d relief; how long can this be c/f forward for? (Assuming there’s only a little amount of profit in the next year and it decides not to opt for the 11% tax credit on losses for whatever reason).
As far as I’m aware – indefinitely?
I may be wrong.Please advise me too if I’m incorrect!
Thanks and good luck
Hi there, 225% is wrong , its 125%. If the company does not opt for 11% tax credit on losses “for cash” then it may carry forward , you ask for how many years? The answer to your question is not even given in Kaplan text book of 1164 pages and it wont be asked in examination either.
bassaniobroke@gmail.com
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