Backpackant
Level 2

Banking

Hoping this is a simple question, and not too late to ask.

 

I have a Ltd company and I also earn self-employed income and PAYE. For technical legal reasons, I couldn't receive my self-employed income through my company, but my company made a loss in the tax year.

 

Is there a way to offset my Ltd company losses against my personal self-employment income? Would I need to literally invest the money in my company for it to count as a business expense or could I apply for tax relief?

 

I've been using cash on hand rather than the accrual method.