R&D Tax Credits - Surrendering Loss
Question asked by Dave Freel 6 years ago
We recently successfully applied for R&D tax credits against our 2012 loss - This involved us surrendering the loss in exchange for cash.
My question is how do we reflect this in ClearBooks - Since the loss has been surrendered it can no longer be offset against future profit for CT purposes so should no longer be included in the historic retained earnings
Thanks in Advance,