Paolo

Thank you. Will I be able to offset the loss against income in the same Tax year? Or will I simply have to carry the loss forward? Also, would evidence constitute a liquidators statement or would I have to wait until the liquidation was complete and had the final liquidators report?

Hi, I have made a small loan to my employer and they now look like they are going into liquidation. Assuming this effectively writes off the loan, can I make a claim on my self-assessment return for some form of bad debt relief? Thanks.

Hi, If you pay a maximum amount of annual NIC by way of class 1 contributions, I understand that you do not need to pay the full amount of class 4 NIC on self-employed profits. The Class 1 NIC liability is calculated first, then you can pay 2% class 4 NIC on all profits above the level of £12,570 for the current Tax year. Can you please explain how this works and how I can calculate this for my Self-Assessment tax return? thanks. Paolo.