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Setting of self employment Losses with PAYE Income

Posted Thu, 18 Jan 2024 10:36:03 GMT by
I have query that many websites and blogs are saying that we can adjust our self-employment losses to our PAYE income. Can we do that ? Could you please confirm and let me know?
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HMRC Admin 21 Response
Posted Fri, 19 Jan 2024 10:49:48 GMT by HMRC Admin 21 Response
Hi Vishnu,
This depends on the method of accounting that you use. see guidance at HS227 Losses (2023).
Thank you.
Posted Fri, 19 Jan 2024 10:55:29 GMT by
they use accrual basis of accounting

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