Corporation Tax Support

Show a refund when there are carried back losses in Corporation Tax

Where a company has a loss arising and it has been carried back to a previous year, a refund will be due.
A refund will not be shown in the year in which the loss arises, but will appear in any year in which a loss has been brought back, provided tax paid has been entered.
  1. Take the following steps to enter the tax paid.
    1. Select
      Tools
      , then
      Payments
      .
    2. Select the
      Payments
       tab.
    3. Select
      Tax payment due
      , then
      Add payment
      .
    4. Enter the details of the payment.
    note
    As the company is not strictly due a refund in respect of the year in which the loss arises, no refund information will be posted to the CT600 in that year.
  2. Take the following steps if you want to post the refund to the CT600 in that year.
    1. Open the CT600.
    2. Right-click on the Refund section and select
      Enable Editing
      .
    3. Enter the details.
      note
      The details will be shown in red to indicate they have been entered manually but will be black when printed and will be submitted if the return is filed online.
  3. Take the following steps if you want to include a note on the Losses section of the computation about the loss being carried back and the expectation of a refund.
    1. Select
      Losses, Deficits, and Excess Amounts
      , then
      Notes
      .
    2. Add the note.
      note
      Alternatively, you can go to
      Accounts
      , then
      Additional Information
       and add the note there, where it will then show at the end of the computation.
  4. If CT600 does not indicate in the year that losses arises that a refund is due in respect of prior years, you will need to take the following steps.
    1. Select
      Company
      , then
      Company Details
      .
    2. Select the
      Other Information
       tab.
    3. Mark the box to show a repayment claim for an earlier period.

This article applies to:

  • PRODUCT: Digita Corporation Tax