Am I eligible for the temporary loss carry-back scheme?
The temporary loss carry-back scheme was introduced to support businesses in the uncertain economic environment caused by COVID-19. This scheme is only for your business if you expect to make a loss in either the 2020 or 2021 tax year.
If you're eligible for the scheme, you can use your loss to offset profits you made in the previous year. If you choose not to carry your loss back, you will still be able to carry it forward as normal.