Stuart Ward
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Self employed losses not reducing self assessment bill
I filled out my self assessment which is needed due to being a higher rate tax payer from my main employed income. In the section about losses I recorded losses made in my self employment side hustle with the expectation that these losses would cause a small reduction in my tax liability for the year under sideways relief. No matter which box I put the losses in, the loss amount doesn’t pull through to my calculation and the amount of tax owed remains the same. Should this automatically happen or do I need to speak to someone?