Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • rob98078
    • By rob98078 17th Jul 17, 3:33 PM
    • 8Posts
    • 3Thanks
    Tax Return Foreign Income and Self Employed
    • #1
    • 17th Jul 17, 3:33 PM
    Tax Return Foreign Income and Self Employed 17th Jul 17 at 3:33 PM

    I am a UK resident who worked abroad last year for a foreign company and was paid NOT via PAYE.

    At the same time I was classed as self employed and had my own business in the UK.

    Can I pool my profits from working abroad and the profits from working in the UK when performing my tax calculation?

    For example if from my foreign earnings I owe 5K tax, but I make a loss of say 2k on my UK business. Can I subtract that 2k from my 5k taxes owed?

Page 1
    • purdyoaten2
    • By purdyoaten2 17th Jul 17, 4:03 PM
    • 849 Posts
    • 405 Thanks
    • #2
    • 17th Jul 17, 4:03 PM
    • #2
    • 17th Jul 17, 4:03 PM
    First and foremost you do not get relief against TAX for losses - you get relief against income. In other words, your income would be reduced by 2000. I would need more details on the nature of the foreign income before ascertaining whether even that is possible.
    purdyoaten lost his password
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,806Posts Today

7,865Users online

Martin's Twitter
  • After the news I'm suing facebook over scam ads, people keep sending me ads with my pic in asking, ?is THIS ad with?

  • So Facebook just waxed lyrical about all the things they're doing to stop fake ads. Whoop de whoop. Yet THESE SCA?

  • Facebook giving evidence I believe just said "mr lewis said there are 50 ads, but we checked and found 1,000s".?

  • Follow Martin