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Posted Sat, 21 Jan 2023 19:12:02 GMT by lah
Hello! I'm helping with a tax return and need some advice around loss brought forward. 2019/2020 taxable income was around £17k 2020/2021 tax year there were zero trade profits or taxable income - besides SEISS of around £10k (live events shut down) 2021/2022 taxable income £29k with £6k SEISS How do we calculate what to bring forward and where does it need to go? I know that loss should help reduce taxes this year, but we're struggling to find exactly this scenario, so any help would be massively appreciated. Thank you kindly in advance!
Posted Tue, 24 Jan 2023 15:31:34 GMT by HMRC Admin 2

You can find further guidance here:

Self employment (short) notes (2022)

This is the paper version that matches up to the questions online, without the box numbers.

Thank you.

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