Guidance

Losses: HS227 Self Assessment helpsheet

Reporting business losses in your Self Assessment tax return.

Documents

Working sheet: calculating losses (2018)

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Working sheet: calculating losses (2017)

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HS227 Losses (2016)

Working sheet: losses

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Details

This guide tells you how you can complete your tax return if you have made a loss in your business. It covers:

  • reducing income or capital gains
  • claiming reliefs
  • carrying losses forward against future profits
Published 4 July 2014
Last updated 6 April 2018 + show all updates
  1. The helpsheet and the working sheet have been added for the tax year 2017 to 2018.
  2. The helpsheet and the working sheet have been added for the tax year 2016 to 2017.
  3. Rates, allowances and duties have been updated for the tax year 2016 to 2017.
  4. The HS227 Losses (2015) has been fully rewritten to add clarity.
  5. Rates, allowances and duties have been updated for the tax year 2015 to 2016.
  6. First published.