HMRC: carrying back a trading loss

[Stag Cozier]

I hadn't, but I am now . But that's really where I came in - at what point would HMRC be unhappy at me getting all creative with my 10-11 Loss?

HMRC cannot do anything about it. Assuming you're the director of your own company, you are simply making a pension contribution for retirement purposes

[Wanderer]

Can a director continue to pay a salary to him/herself and then claim this as a trading loss against previous years though? I wouldn't think HMRC would allow this.

[zedAccounts]

ZED, very forthright, any reason why you're against carrying back the losses?

Not having made a loss in any FY, I assumed HMRC wouldn't be so generous as to allow you to claim against a previous year (unless the company stops trading, of course). Apologies for the mistake.

However from a paperwork (CT600) point of view, it seems easier to claim against future profits. Which is a good thing for me as I do my own accounts. But as you have an accountant this will make no odds to you

ZED.

[mkant]

Well it seems there's no definite answer here. I'll prob try and claim next year (carrying back), and see what happens.

[SackmanandCo]

As it is the same trade there is no problem in carrying loss back. Enjoy your rebate!