Carrying forward Overlap profits
Client (a painter) has been trading for approx 15 years with turnover under £15k and profits around £10k so they're simple accounts which look like they should go on the short self employment pages, however, he has a year end date of 31 Jan and therefore has overlap profits of £800 which just need to be carried forward year on year. There's no box on the short pages to record this. I have phoned the help line but the lady I spoke to didn't have a clue (I'm waiting on a technical expert calling me back), but I was wondering whether anyone knows whether it's sufficient to just include a note of the overlap profit carried forward in the additional information box to avoid having to complete the full self employment pages?
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