andy101

Hi, I have entered the self employment section and the loss is calculated. However, the loss is not then reflected in my tax calculation in any way. I have entered it as a cash 'business' as it equipment for a youtube channel. Do I need to do anything specific?

In the past FY, I have a side income of £350 but expenses of setup are £1800 (its for YouTube) Do I enter my expenses and income on a self employment form to get tax relief on my expenses or do I just ignore it as the income is less than £1000? TIA