Source · Select Committees · Treasury Committee
Recommendation 7
7
Paragraph: 56
We recommend that the Government should do as its predecessors have done during previous crises...
Recommendation
We recommend that the Government should do as its predecessors have done during previous crises and support businesses by introducing a temporary three year loss carry-back for trading losses in both incorporated and unincorporated businesses. This would help those businesses which have shown that they are previously profitable recover from losses imposed on them by the impact of the pandemic.
Paragraph Reference:
56