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First time filling out self assessment for ebay sales

As above this year will be the first time filling out a self assessment form for year 24/25 due to my ebay activity.
I have a record of all income and outgoings but is it only for my ebay activity or do i include ALL income? i have no idea.

Comments

  • GrumpyDil
    GrumpyDil Posts: 2,088 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    If you need to do a self assessment, unfortunately it will be for everything.
  • MyRealNameToo
    MyRealNameToo Posts: 1,281 Forumite
    1,000 Posts Name Dropper
    Krakkkers said:
    As above this year will be the first time filling out a self assessment form for year 24/25 due to my ebay activity.
    I have a record of all income and outgoings but is it only for my ebay activity or do i include ALL income? i have no idea.
    All income but each income source needs to be in the correct part of the form, so if you tick the box that you are self employed (eBay) and also an employee you will fill in the general, sole trader and employee sections. It will calculate the tax due on the total income and deduct off the tax already collected from your PAYE to calculate the net amount due. 
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,874 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Krakkkers said:
    As above this year will be the first time filling out a self assessment form for year 24/25 due to my ebay activity.
    I have a record of all income and outgoings but is it only for my ebay activity or do i include ALL income? i have no idea.
    No, you only need to worry about taxable income.

    Employment, pension, interest, dividends etc.

    But not ISA interest, non taxable benefits etc.
  • Krakkkers
    Krakkkers Posts: 1,304 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Thanks for the above replies, i think i will also watch a few youtube videos to see what i can claim for, heating etc
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