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Posted Mon, 29 Jan 2024 17:39:37 GMT by
My business recorded a loss in the year of 2022-23. However the amount of income must be zero or more in the self assessment form. Please advise what I should do to handle this case. Thank you.
Posted Thu, 01 Feb 2024 09:50:37 GMT by HMRC Admin 25 Response
Hi Leo,
You would still need to declare a figure for your business turnover to allow any expenses to be claimed so that a loss is identified.
Please note, if you are claiming the trading allowance, you cannot generate a loss to carry foward with this.
Thank you. 

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