Carried back loss cannot be claimed in tax return for year of offset | Practical Law

Carried back loss cannot be claimed in tax return for year of offset | Practical Law

The High Court has ruled that a taxpayer cannot claim a carried-back loss in his tax return to reduce the tax payable on the due date (HMRC v Cotter [2011] EWHC 896 (Ch)).

Carried back loss cannot be claimed in tax return for year of offset

Practical Law UK Legal Update Case Report 2-506-1964 (Approx. 5 pages)

Carried back loss cannot be claimed in tax return for year of offset

by PLC Tax
Published on 26 May 2011 • United Kingdom
The High Court has ruled that a taxpayer cannot claim a carried-back loss in his tax return to reduce the tax payable on the due date (HMRC v Cotter [2011] EWHC 896 (Ch)).