Hi guys,
my issue is as follows...
For the tax year 2021 - 2022 I earned 14,224.09
After deducting my personal tax allowance my taxable income stands at 1,654.09
however, I have expenses for this year of 9,728.79
So my question is, Can I carry these expenses forward to future years?
Can I use part of these expenses to offset my payable tax for this year (330.18)? and carry the rest forward?
Would I be better of just paying the 330.18 and carrying all my expenses forward (assuming this is possible).
Thanks for any help you can offer on this.
DP
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