Select committee: Treasury Committee
Recommendation 7
Twelfth Report - Tax after coronavirus
Published 1 Mar 2021
Paragraph 56
Addressed to HM Treasury
Treasury Committee Tax after coronavirus All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Recommendation (the committee's words)
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.
From: Treasury Committee, Twelfth Report - Tax after coronavirus (HC 664), paragraph 56, 1 March 2021
Government response
No government response linked yet: deadline 1 May 2021, 2010 days ago.