Tax returns » Loss made but no rebate? » Go to message
Hello,
I'm a self employed actress. Last year (y/e 2016) I made a loss but I did not receive any form of rebate. I entered it on this year's return (ye 2017) as a carried forward loss but again it did not reduce my tax bill at all.

If a loss is made, should this not reduce the amount of tax paid. At the moment I am just being billed for the usual proportion of the net profit for this year.

Thank you.