Just a hypothetical pondering - I've got a company that's been profitable for 6 years or so now. Let's say this year I ended up inside IR35. My assumption that all IR35 income gets taxed at PAYE rates with NIC, and therefore paid as salary and MyCo makes zero profit. Or, of course, I end up on PAYE/Umbrella/Whatever
But, of course, my company is still ticking on - I'm incurring accountancy fees, O365 fees, Plan B fees whatever. Can I offset these losses against previous years tax?
But, of course, my company is still ticking on - I'm incurring accountancy fees, O365 fees, Plan B fees whatever. Can I offset these losses against previous years tax?
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