tax return

anmarj

zygurat789 wrote: »

I am not familiar with "kcards" the title I gave was exactly from the tax return

kcards is my business name I don't have losses box in my name, that was what was confusing me, but manage to figure out that if I answered no to a particular question that then allowed me to put in the losses.

zygurat789

anmarj wrote: »

kcards is my business name I don't have losses box in my name, that was what was confusing me, but manage to figure out that if I answered no to a particular question that then allowed me to put in the losses.

If you are a sole trader you are the business. It is your income and your expenditure.
Look in fill in your return: self employment section there should be a page for losses, that is where you enter the £1477. It is your loss.

zygurat789

anmarj wrote: »

kcards is my business name I don't have losses box in my name, that was what was confusing me, but manage to figure out that if I answered no to a particular question that then allowed me to put in the losses.

If you are a sole trader you are the business. It is your income and your expenditure. You cannot be separated from the business. You and theiness are indivisable
Look in fill in your return: self employment section there should be a page for losses, that is where you enter the £1477. It is your loss.

zygurat789

Computerr on the blink, or maybe it's me

Savvy_Sue

I could be wrong, but I think you need to go back to the first year in which you were self-employed and submit a return for each of those. How many years are we talking about? have you made a loss in each of them? I'm not sure how HMRC will react if you want to claim your s/e losses against the tax you've paid in PAYE over several years.

You might do well to consult an accountant.