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Posted Sun, 05 Nov 2023 12:47:11 GMT by djrl
I am working on my 2022-23 self-assesment and I realised that on previous year 2021-22 I declared losses as a Sole-Trader but I did not enter the loss amount on the "Total loss to carry forward ..." field . I would like to know If I still can use those losses to set-off my current profits, or I have first to go back and amend the year 2021-22 self-assesment to properly enter the "Total loss to carry forward ..." field. Thanks
Posted Thu, 09 Nov 2023 08:00:37 GMT by HMRC Admin 20
Hi djrl,
You would be best placed to amend your 2021/22 tax return first, before setting against your profits for 22/23.
Thank you.

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