Microcosm - 2nd Seedrs crowd-funding round

Cool, i'll drop you a pm

that would be great, I've not signed up to do tax stuff online ever, always having been PAYE, but always happy to learn :)

I'll send you a PM too, but feel free to roll me into one with @dt if he's happy with that...

As the company was not wound up until 19th May 2015, I am presuming full loss relief cannot go in last years tax, have to wait for the next one? Obviously 2nd round investment relief can go in 2014-2015.

Answering my own question here as I found the answer, but the loss needs to be claimed as a negative capital gain, and can be done this year. HMRC helpsheet 286 gives all the details.

This may make me look a complete idiot, but I invested £300 in the first round of investments years ago, and after moving round a bit, and generally not paying attention to the whole Microcosm thing, I have no idea where i stand with this investment. Should i just write it off and forget about it?

you could get £180 of it back (£210 if you're higher rate), on next year's self assessment. so what's that worth to you?

I'm PAYE. £180 is not worth the effort of doing a self assesmement!

It would be if you were POOR

You could pay an accountant a couple of hundred quid to do it for you...

PAYE is a piece of piss, and even easier if you are PAYE and have a P60.

If you have your login it will take 30 minutes... that's 30 minutes for £180.

If you have any memberships to things, or donations, that were gift-aided, then that can be claimed too.

I would not be surprised if the taxman were to give you a few hundred if you just took the time to fill out the self-assessment. It is very easy with your P60 at hand.

You mean you don't pay tax on those paintjobs your do 😜

Thanks! Have never done a self assement, so assumed it would be a massive ballache of a task!

Not the chump money that you cheapskates want to pay me for my work!
And I'm yet to see any money for the paint on your bike, anyway!

I need my bedroom painted. How much?

Cant you get some of Rapha's child labour work force from HK to do that sort of shit?
If so, they can paint my bedroom too.

We do not use children. We use midgets.

Wanna job?

The hardest part of self-assessment is signing up with HMRC to actually fill it out.

If you don't have a government gateway account, or whatever they call it... then they will post something to you, and you use that to activate the account.

But once you have the account, the online self-assessment tool is really easy to use.

Depending on the questions you answer, they only give you the forms that are applicable to you.

The only potentially hard part is knowing the terms. If you don't know the name of a particular thing, then sometimes because they're not showing you all of the forms it can be hard to find the right section.

Just ask in here, as others have clearly gone and used self-assessment to make successful claims for their tax relief so they will be able to advise what the sections are called.

Even with all of that, it really won't take more than 30 minutes if you have your P60 to hand.

Hopefully his P60 isn't on a high shelf.

I received some funds back today. Via Seedrs. £2.

Actually I got a tiny bit more, but I only got the email about £2.

Do we have to reinvest it?

exciting times!

Microcosm has distributed some returns. As a beneficial owner of 121 Ordinary Share(s) of this business, £0.96 have just been transferred into your Investment Account.

Time to buy that yacht!

Oh yeah, my £2 is going to help the next facebook get off the ground.

I'm going to donate mine to the 'Murder Kanye' campaign

Windfall!!!