You’re offline. This is a read only version of the page.
I started a little hobby business selling crafts on Etsy in March last year. I'm coming up close to my £1000 personal trading allowance for 2021/2022 but i've been offering free delivery for all my sales and paying for the postage out of my total sales cost.
Can I deduct the postage costs or do I have to include this as net turnover due to offering free delivery?
Also - my equipment was bought in the 2020/2021 tax year but I only made 2 sales so technically made a big loss - can this be carried over to 2021/2022 as expenses?
I think I need to work out whether to claim partial relief with the personal trading allowance or to claim expenses instead
thanks for any wise words of wisdom!