Don't answer this question if you want any credit to be offset against a future liability.

They are usually created when a company makes a loss and can be held for several years to offset against future profits.

The shareholders can then offset these losses against their personal income.

"If you sell something at a loss and offset it against a gain, that is a good trade."

Any balance is carried forward to the next tax year, and can be offset against payments then.

You cannot offset them against your losses on the other class of bets.

What has happened to about £8 million which is being offset against tax?

Another loss that the bank will be able to offset against future profits and so pay less corporation tax.

So, the cost of the machine is offset against the sales in that year.

But offset against this is the cost of a charger.