How does losses carried forward work in clearbooks?

Question asked by Siobhan Bowers 8 years ago

Hi,

I carried some losses forward from last year into this year in my HMRC company tax return and I'd like this to reflect in clearbooks - how is this achieved ? Please explain the process.

Thanks.

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1 Reply

Hi Siobhan

Do you mean tax losses c/f? If so, tax is dealt with outside of the bookkeeping itself via the tax computation so it won't come into play Clear Books wise.

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8 years ago

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