euge595

Hi I’m having the same problem, in the tax year 20/21 due to covid my business ground to a halt, I am 68 so I though that was it, I contacted HMRC and was advised that as my profit was less than £1,000 I didn’t need to submit a self assessment return, unexpectedly my situation changed mid 2021 and I made a profit. I had incurred costs during the previous year, and therefore made a loss, can I claim this against my current profit?