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HMRC internal manual

COTAX Manual

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HM Revenue & Customs
Updated
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CT Pay and File: claims / reliefs: ACT: how to give ACT carry back in assessment (Action Guide)

To record a carry back in an assessment, consider steps 1 - 4 below. The guide is presented as follows.

Making the assessment where Function RECB has not been used to record a carry back of ACT Step 1 - 3
   
Making the assessment after Function RECB has been used to record a carry back of ACT Step 4

Making the assessment where Function RECB has not been used to record a carry back of ACT

1. If an assessment has not been made but the return included the ACT carry-back, use Function PASR (Prepare Assessment Based On Return) to give effect to the ACT carry-back.
   
2. If an assessment has been made already or no assessment has been made but the return does not contain the ACT carry-back, use Function PAST (Prepare Full Assessment) to give effect to the ACT carry-back.
3. In Functions PASR and PAST:
  * enter ACT carry-backs as decimals. For example enter an ACT set-off of £2350 as 2350.00
  * enter the end date of each AP from which an amount is carried back in the format DD/MM/YY
  * do not enter more than one carry-back of the same type (ACT or Loss) from the same AP against a single AP
  * enter ACT for earlier APs before later ones.
  For example if you are relieving against AP ended 31 December 1994 ACT carried back from APs ended 31 December 1995 £500, 31 December 1996 £400, 31 December 1997 £300 enter them as:
  * 31/12/95 £500.00
  * 31/12/96 £400.00
  * 31/12/97 £300.00.

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Making the assessment after Function RECB has been used to record a carry back of ACT

4. Use Function PAST (Prepare Full Assessment) to:
   
  * enter all carry-backs in the assessment as in Step 3 above, regardless of any previous use of Function RECB
  * set any non-standard EDP (Word 41KB) again on screen COT120M. See COM153060 for more information.