Recent content by whizkid

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    eBay income (private seller) on self assessment form

    Only for some, most of them no. The sellers always prefer cash transactions.
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    eBay income (private seller) on self assessment form

    No it doesn’t. Only items that I bought and then sold are included in that figure. And another thing that I didn’t mention, most of these items were picked up from Gumtree and Facebook, I don’t have purchase receipts but obviously the eBay sales record are there. There are some ad...
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    eBay income (private seller) on self assessment form

    Ok, Im now understanding the trade part. But how is the profit £20k, only £1670 went into my pocket. I thought only profits are taxed? Example of an item I sold. If I bought an iPhone for £1200, and sold it at a later date for £1400, I only made around £150 profit (minus fees and postage). I...
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    eBay income (private seller) on self assessment form

    Would I absolutely need to fill out self employment pages? eBay is not my primary income and never was, it just so happens that I made some money this year from selling. Some of the things I owned went up in value due to inflation and user demand spikes. With that in mind, is filling in self...
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    eBay income (private seller) on self assessment form

    I'll be completing the self assessment form and I am confused as to where and what to put for my eBay income. This is my first time doing it. Here are the details: I have a full time job earning roughly £35,000 and registered as a private seller on eBay. Over the course of the year, I've...
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