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Well last year I started my business ending the year in minus. This year I made a profit, I want to make sure this loss is carried over to bring down my tax liability, is this done when I submit online through the hmrc website or can it be shown within this years report?
Many thanks
Solved! Go to Solution.
Hello Leo4fiji,
Welcome to the Community page,
So losses from a previous year are allocated in the actual self-assessment form, you submit to HMRC you cant do it in the Quickbooks Self-Employed product itself.
You would need to fill it out on either,
Boxes 77-80 if you are using the sa103f form to submit your taxes to HMRC.
Or box 29 if you are using the sa103s form to submit your taxes to HMRC.
Hello Leo4fiji,
Welcome to the Community page,
So losses from a previous year are allocated in the actual self-assessment form, you submit to HMRC you cant do it in the Quickbooks Self-Employed product itself.
You would need to fill it out on either,
Boxes 77-80 if you are using the sa103f form to submit your taxes to HMRC.
Or box 29 if you are using the sa103s form to submit your taxes to HMRC.
Thank you Ashleigh
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