Recent content by Porphyrio

  1. Porphyrio

    Starting a business and not taking a wage

    Hi Darran The comments from last year are valid and the same would still be applicable for the current tax year, although I would suggest you get professional advice and understand your future tax position if trading as self-employed or via a company. Being a director in your own company...
  2. Porphyrio

    Bank Savings Interest Received when Loss Making

    although interest income is a non-trading loan relationship, the £4K trading loss will be available to offset against the interest income.
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