Carrying back losses
JodieR
Registered Posts: 1,002 Beyond epic contributor 🧙♂️
I've just phoned HMRC regarding another instance where I've asked for a loss to be carried back and it's taken AGES for the client to get their associated refund, and was told that if you calculate the refund and enter it in box 14 on the tax calculation page then it gets refunded instantly.
It's news to me, hope it helps someone else!
Unfortunately you can't submit amended returns with an entry in box 14, it won't get picked up but useful to know for the future.
It's news to me, hope it helps someone else!
Unfortunately you can't submit amended returns with an entry in box 14, it won't get picked up but useful to know for the future.
0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 390 NEW! Qualifications 2022
- 174 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 114 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 148 Bookkeeping
- 7.2K General accounting discussion
- 211 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 24 Apprenticeships
- 67 AAT membership