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Posted Fri, 31 Mar 2023 19:16:23 GMT by Rich
Ive just started working for myself and have had to invest alot of money in tools and equipment, and as it is nearing the end of the tax year will I be able to carry over these experiences as they far exceed any income for this tax year?. Cheers 
Posted Tue, 11 Apr 2023 14:34:06 GMT by HMRC Admin 32

The expenses need to be declared in the tax year that they are incurred. This may then mean a loss for the year that you can then set against any profit in the following year.

Thank you

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