HMRC has updated its guidance on how to make a de minimis claim for extended loss carry-back claims for companies. A new section ‘group claims’ has been added to explain that non-de minimis claims must be made in a return and, if made by companies that are members of a group, are only valid if they are accompanied by a loss carry-back allocation statement. The loss carry-back allocation statement is submitted on behalf of the 2020 group and 2021 group by a nominated company.
HMRC has updated its guidance on how to make a de minimis claim for extended loss carry-back claims for companies. A new section ‘group claims’ has been added to explain that non-de minimis claims must be made in a return and, if made by companies that are members of a group, are only valid if they are accompanied by a loss carry-back allocation statement. The loss carry-back allocation statement is submitted on behalf of the 2020 group and 2021 group by a nominated company.
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