Corp Tax on interest

Company has bought forward losses
Company made losses in year
Company received interest during year
Am I correct in saying that the losses b/f can not be put against the Interest and therefore the customer has to pay CT on his interest?
B/f losses can only be used against profits on same trade .......
Thanks for any replies
Company made losses in year
Company received interest during year
Am I correct in saying that the losses b/f can not be put against the Interest and therefore the customer has to pay CT on his interest?
B/f losses can only be used against profits on same trade .......
Thanks for any replies
0
Comments
If your software is set out like a CT600 then you just need to put the loss that you can use against the interest in box 30 on page 2 of the short form. The only way you can't offset the loss against the interest is if there aren't enough losses in the current year - as you've stated you cannot use brought forward losses against interest.
I also include a loss memo as an attachment to make it absolutely clear, not that I think they ever look at it!