Will a minus figure on self employed work be taken off my paye figure for UC?

textbook

I work both PAYE and self employed work.  If on my universal credit inputting of data the figure after expenses is minus e.g. minus £500 will that be taken off my paye money ?   If it is, might give me a total figure which makes me eligible for some universal  credit money.

DullGreyGuy

Do you use cash or accrual accounting for your self employment? Most use cash

peteuk

I may be wrong but no.  Your PAYE wage will be directly feed to UC and used to calculate the reduction (55p per pound) 

But as I say I may be wrong. 

NedS

peteuk said:

I may be wrong but no.  Your PAYE wage will be directly feed to UC and used to calculate the reduction (55p per pound) 

But as I say I may be wrong. 

@peteuk you are correct. For the purposes of calculating the amount of UC, the self-employment and the PAYE employment are treated completely separately, so any S/E losses are only offset against S/E earnings, not PAYE earnings.

Example:

If you have £1000 PAYE earnings and a £500 loss from self-employment, your earnings for UC will be your £1000 PAYE earnings plus your £0 self-employed earnings (as there are no S/E earnings that AP due to the declared loss). Total earnings for UC £1000