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Business tax: Trade losses

Business tax: Trade losses

HMRC drew attention to its Helpsheet 227 on relief for trade losses. The quickest way to prepare a loss carry-back claim is to consult the guidance on tax on tax adjustments for earlier years HMRC said. The Helpsheet available via www.lexisurl.com/xqCVf includes a working sheet to assist the user in keeping track of losses.

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