Your taxes » Employed and self-employed. Making a loss in self-employment. » Go to message
Thank you for your advice.

I have been getting great and (reasonably) quick responses using this method of communication (forums). Thank you for your replies.
Your taxes » Employed and self-employed. Making a loss in self-employment. » Go to message
Dear HMRC,

I am filling in my tax return for 2017-18. I am self-employed for the full year and employed for part of the year (so I have two jobs at the same time for some of the months).

I received an income as an employee, with income tax and employee's contribution to National Insurance deducted by my employer through PAYE.

I have unfortunately made as loss in my self-employment business as a soletrader. This business started in July 2016.

I was reading your guidance HS227 Losses (2018). https://www.gov.uk/government/publications/losses-hs227-self-assessment-helpsheet

Am I able to use this loss against my 2014-15 income as "early trade losses relief"?

Many thanks for your help.