Error messaging carrying forward losses from previous years

cleyoga

Hi, 
I am doing my first online tax self-assessment this year for a side hustle on top of PAYE.
FY21/22 and 22/23 I incurred business set up costs and expenses totaling £6344 FY22/23 I earned £375 and had allowable expenses of £806. 
FY23/24 I earned £3815 and had allowable expenses of £2014 - net profit of £1701. 
So I am trying to carry forward the losses of 21/22 and 22/23 (deducting the profits from FY22/23 and 23/24 I calculate these to be £4633). I am trying to enter this in the section on Adjustments (34: Loss brought forward from earlier years set-off against 2023-24 profits: (optional)) and I am getting an error message: 

There is a problem

• The amount entered for 'Loss brought forward from earlier years set-off against 2023-24 profits' cannot exceed the amount entered for 'Net business profit for tax purposes'. Please check.
• IMPORTANT: Please check the help on the 'Loss brought forward' field and review the figure entered in this box

Should I be entering this instead under one of the questions in the Losses section (36, 37, 38) - if I put it under 38 I don't get an error but not sure if this is the right place to log it? (Total loss to carry forward after all other set-offs including unused losses brought forward: (optional))
Not sure what I am doing wrong so grateful for advice from forum members with apologies if it's a stupid question - I haven't done this before.

Thanks!

uknick

You are only allowed to write down your profit with previous losses to zero for the year.  You can't turn a profit into a loss. Any unused losses are then carried forward. 

cleyoga

But is that not what I have done by deducting the profits from 21/22 and 22/23 - that has reduced my profits to zero and left me with a reduced loss? So this 4633 becomes an unused loss to carry forward? But where in the form do I put this?

Nomunnofun1

cleyoga said:

But is that not what I have done by deducting the profits from 21/22 and 22/23 - that has reduced my profits to zero and left me with a reduced loss? So this 4633 becomes an unused loss to carry forward? But where in the form do I put this?

Common error. It appears that you have a loss brought forward of 6775? (Is that correct?) Or is it 4633 - difficult to tell. 

Enter  1701 on the equivalent of box 29 and 5074 in the equivalent of box 35. Or, if the loss brought forward is 4633, 1701 and 2932 respectively. 

It clearly states that you can only enter up to the total in box 28 in box 29. 

https://assets.publishing.service.gov.uk/media/65fd5a08f1d3a0001d32ad9b/sa103s-2024.pdf