English version


From Longman Business Dictionary
Related topics: Finance, Tax
carrybackcar‧ry‧back /ˈkæribæk/ noun [countable, uncountable] ACCOUNTINGTAX when an amount of money earned or spent in a particular year is included in the accounts for an earlier yearA carryback was introduced for BES investors, enabling them to carry back tax relief on £15,000 invested to the previous tax year.
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