Are following expenses counted as Allowable expense?
1) Paid online learning platform ( To search product, sourcing product from overseas etc)
2) Product search like junglescout
Furthermore, if i loss in 2017/2018, can i offset the loss for 2018/2019 profit ?
I was ebay seller from 2016 to 2021 and need to disclose my profit to hmrc.
My estimated profit for
2016/2017 was £ 700
2017/2018 was £2, 738
2018/2019 was £2,364
2019/2020 was £ 4,325
2020/2021 was £553
no more trading from april 2021 and
no turn over of 85K or more at any of those year
full time employee while trading
HMRC has given me deadline of 8 august for payment and make a disclosure. I dont know what to do and where to start from?