I am seeking funding for a new start up. Total amount would be approximately $160,00. That is equipment purchase and funding/working capital for the first year. Potential income...
I'm a Private Limited Company with a turnover of £119 in my first year. I'm trying to fill in my corporation tax return on line and under Trading Losses I keep getting the message 'losses used against non trading profit cannot exceed non trading profit'. I have answered NO to losses from an earlier period and NO to bring back losses from a later period and also to Carry Back losses to an earlier period I've said NO. However when I try to continue with the form the message 'losses used against non trading profit cannot exceed non trading profit' in red.
I didn't find the right solution from the Internet.