UK prepayment


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I was running a business and i made few yearly prepayment,but the business colse down.
how should i trear theses expenses in my tax return ie:as full or just pro-rotoa calculation for six month
if i am just calculation for 6 months,what would happen to rest of repayment that i paid.
the prepayment are not retrivable at all
 
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Becky

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Welcome to the forums, and sorry to hear about your irretrievable prepayments. Is there no legal recourse you can take?

I'm guessing you are a sole trader here but let me know if that is not the case. You may be able to claim for the expenses in full provided they are allowable - here is a link to some guidance:

HM Revenue & Customs: Closing or selling a business
 

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