The Government is aware that many businesses might have made a profit in the 2019-20 year, but then, due to the virus, have a large loss from 2020-21 to carry forward as would be the usual procedure under the current rules. We are therefore proposing a loss carry-back measure which would enable businesses to offset the loss made in the current year against the profit made in the previous year. This loss carry-back policy will also help established businesses which have been profitable but will dip into loss because of the COVID-induced economic downturn. We want to help those businesses. They are viable but vulnerable. 