How to speed up your loss relief refund
October 13th, 2009
If you plan on using trading losses incurred since November 24th 2008 against your trading profits from the previous two years, you may have to wait a while to get any refund if you wait until the last minute to submit your CT600. Our advice is to organise for your year-end accounts to be prepared as promptly as possible and have your return submitted on-line as soon as the accounts have been agreed. You should also elect to receive your refund by direct credit into your company’s bank account. This way, you could receive your refund up to six months earlier just by being organised.
The content of this article is for general information only. It should not be relied on and action which could affect your business or personal circumstances should not be taken without appropriate professional advice.
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