Article ID: 2358
Last updated: 27 Jul, 2020
Whether the losses are for the current year or brought forward, you need to declare all of the information on the same page, known as the Trading Losses record. To do this you can use SimpleStep or HMRC Forms mode. SimpleStep modeGo to: CT600 Core > Losse, Management expenses, NTLRDs and NTLIFAs > Trading losses HMRC Forms modeGo to: CT600 > Computations > Losses, Management expenses, NTLRDs and NTLIFAs > Trading losses Current year lossesTo offset current year losses, enter values in the following boxes:
Losses brought forwardTo offset losses brought forward, enter values in:
Future year lossesTo offset losses for a future year, follow these below: In the current year return
In the previous year return
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