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Posted Sat, 01 Jul 2023 14:40:55 GMT by Daniel Pedley
Hi, I am employed and self-employed and employed. I was asked to complete a personal tax return which I have done, but I can not find anywhere to claim back my business expenses as I have made no income from my self-employment and can't see anywhere on HMRC where I can complete a business tax return.
Posted Thu, 06 Jul 2023 15:36:15 GMT by HMRC Admin 5 Response
Hi

If your self employed expenses exceed your self employed income, you can claim loss relief to carry forward and set off against future profits.
Guidance on how to calculate (and claim)  (a) self employed expenses and (b) self employed loss relief are provided here:  
Expenses if you're self-employed and
HS227 Losses (2020)

Thank you
Posted Fri, 07 Jul 2023 09:22:12 GMT by Daniel Pedley
Thank you for the reply, but I was wanting to know if my self-employed losses could be set against my employed income rather than carry it forward to the next financial year?
Posted Thu, 13 Jul 2023 11:54:40 GMT by HMRC Admin 10 Response
Hi
Yes.  
On SA103S os box 33  Loss from this tax year set off against other income for 2022–23.  
On SA103F, you would enter the figure in box 78.
The online return will have a box named ""Loss from this tax year set off against other income for 2022–23"".
Thankyou.
Posted Mon, 26 Aug 2024 12:24:02 GMT by Susan Purcell
I am having a similar problem. My summary is saying: n the year starting 6 April 2023 and ending 5 April 2024 you have told us you: that you did not claim an allowable loss. Does this mean that my loss has not been included in the calculations and if so which section do I fill in to ensure my loss is deducted against my PAYE please? Thank you
Posted Fri, 06 Sep 2024 08:48:28 GMT by HMRC Admin 25 Response
Hi Susan,
It depends on whether you use the cash basis or traditional accounting on whether or not the loss can be used.
you should contact our helpline:
Self Assessment: general enquiries
For your record to be accessed to confirm.
Thank you. 

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