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Do you have to declare to o Uc £700 pounds of seedling some stuff on eBay ?

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12 hours 28 minutes ago #312772 by Invisible
''My sales for the year were £189, and my purchases £281.''

Interesting, that I got it wrong. Our brains can be real tricksters. I think the terminology used confused me, for 'purchases' are more commonly referred to as 'cost', in self-employment. 'Purchases' is a more general term. If I were asked 'how much has your purchase (purchases?) been for this year?' in relation to my self-employment, I would probably go 'uh?'.

But yeah, my mistake.

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9 hours 23 minutes ago #312780 by David
Hi Invisible

UC operates a completely different accounting system to that of the HMRC so you cannot make direct comparisons. There is further information here :-
www.gov.uk/government/publications/unive...from-self-employment

David

Nothing on this board constitutes legal advice - always consult a professional about specific problems
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