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Posted Wed, 26 Jan 2022 17:28:01 GMT by insch
I am a film-maker and composer and many years back I had a year with significant expenditure on a large-scale and long-term project. I discussed this with my accountant and he advised that I deduct 10% of that project's expenses per year over a 10 year period. I have now completed that process. He also advised adding £9k of 'work in progress income' to my income figures that year. This would take account of income that the project would bring in over time. That figure would then be deducted from my income figures in future years. I haven't managed to do that yet. Can I take this figure forward indefinitely or will it expire? Thanks
Posted Thu, 27 Jan 2022 12:28:29 GMT by HMRC Admin 20
Hi insch,

As this is sepcific to yourself can you please in this instance write in with the details and send in copies of any accounts that the agent has produced to enable us to review the case further.

You can send the information to

HMRC,
PAYE and Self Assessment,
BX9 1AS.

Thank you.
Posted Thu, 27 Jan 2022 12:44:42 GMT by insch
Thank you. I will

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