Thanks clarification, Sam. I understand that losses cannot be claimed, I'm just trying to figure out how to fill in the return correctly, ie which bit goes in which section of the tax return.
Sorry I may not have phrased the question clearly or may not have used the right terms. I'm still unclear on your answer, to decide which section of the tax return I should enter the information in.
I understand that lent to selected businesses via Funding Circle crowdfunding, the income should be declared as interest
Income from crowdfunding
lent to businesses I chose via Funding Circle crowdfunding, I thought this should be declared as interest, as per your first response.. 'Therefore you should be treating this as interest made (rather than profits)'. But I read your last response as this is income tax 'crowdfunding or peer to peer lending this IS income that must be declared on which tax is due (income tax)'. And that from April 2015 peer to peer can be offset against peer to peer lending profits.
Income from eToro
I understand that this year as I've made a loss, I don't need to put anything in the tax return. year, my activity included a mixture of forex, commodities and stocks/shares, eToro provides a single statement. And a mixture of copy-trading and trades I placed on my own. I understand cases (eg forex on its own is not taxed), but it's unclear to me what to do where to place things on the tax return when this encompasses a mixture of things?
Correcting earlier tax returns
Regarding my question about how to rectify previous tax returns, searching online, I found there's usually a 12 months deadline (https://www.gov.uk/self-assessment-tax-returns/corrections). How do I correct the tax returns prior to last year be corrected?