Loss from R D Claim

[Yiannis17]

Hi

I have a situation hereby a company has made a loss from an RD claim. Can this loss be carried back one year and offset against the previous years tax?

[amingram]

Yes the loss generated via an R&D claim may be carried back against prior year taxable profits (assuming there are sufficient)

Any surplus R&D losses can be either carried forward against future years or alternatively surrendered in the current year for a cash refund.