Tax Reporting

Get Involved. Join the Conversation.

Topic

    Liz Leerson
    Working with Tax Losses
    Topic posted November 12, 2017 by Liz LeersonBronze Medal: 1,250+ Points, tagged Current Tax, Deferred Tax 
    26 Views
    Title:
    Working with Tax Losses
    Summary:
    Working with Tax Losses
    Content:

    Any tips or suggestions for set up and working with tax losses?

    Ideally we could use Tax Automation to apply carry forward losses to current period income but that may be an entity specific rule and would depend on available carry forward losses.

    Another consideration is group relief in the UK whereby entities file individual tax returns but may apply losses from another UK entity within the same group.