claudialowe
Blogger
Share this content
0
2
2169

Carry back of sole trader losses

Carry back of sole trader losses

I have got a sole trader client who has made a loss for 2011 - 2012, and I want to set this against profits of 2010 - 2011.  I have entered the figure in box 78 of self-employment pages together with the adjusted profit figure for 2010 - 2011 in box 102.

Do I need to do anything else - like write to HMRC??  Or will the mere fact that there is an entry in box 78 trigger the necessary adjustments from their end?

Thank you for your help - it is only Monday and my brain seems fried already :-)

Replies

Please login or register to join the discussion.

24th Sep 2012 13:54

Box 14

You'll need an entry in box 14 of the SA100. That's what triggers HMRC to process the loss carryback on their systems.

Thanks (1)
avatar
24th Sep 2012 14:10

Thanks

Thank you James :-)

Thanks (0)