Hi, companies have to do current year relief, but can choose if they want carryback or not while a sole trader can choose not to do current year or carryback. Is that right?
When a company or sole trader ceases to trade and the loss in the final 12 months can be carried back. What if the final accounting period is only 4 months? Should I apportion the previous accounting period to add 8-months losses to offset previous 36m profit? Many thanks :)
When a company or sole trader ceases to trade and the loss in the final 12 months can be carried back. What if the final accounting period is only 4 months? Should I apportion the previous accounting period to add 8-months losses to offset previous 36m profit? Many thanks :)