Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Someone enlightens me please as ebay keeps mentioning January as start of financial year whilst UK starts with 5/6 April. And which year is ebay talking about 2023, 2024 or 2025? I have no idea and you phoned them up, they used AI to save money and kept looping the 4 irrelevant choices. Ask them on ebay facebook, NO help.  

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

papso22
Experienced Mentor

If you are posting about the reports to HMRC, then they cover a calendar year as that is what most of the participating countries use for tax purposes.

 

The reports start from 1st January 2024.  

 

 

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Whilst the UK tax year starts April, this reporting started with a European thing so the reports will start in January.
The first year was January 2024, the second began January 2025. Of course, HMRC can go further back if they feel the need.

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

papso22
Experienced Mentor

If you are posting about the reports to HMRC, then they cover a calendar year as that is what most of the participating countries use for tax purposes.

 

The reports start from 1st January 2024.  

 

 

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Should I wait for HMRC to contact me or should I send them my data please? 

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Are you talking about Ebay sending your turnover etc, or about a tax return that you fill in?

 

Either way, the answer is in the above sentence.

 

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report


@seedbankers wrote:

Should I wait for HMRC to contact me or should I send them my data please? 


You should be submitting your annual tax return to HMRC in the usual manner (2023/24 accounts should have been submitted by Jan 31 2025).

 

If HMRC require any additional information, they will get in touch with you to request it.

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Just to add you also need the correct account type on eBay to fully comply with all the laws

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report


@moldosgifts wrote:

Just to add you also need the correct account type on eBay to fully comply with all the laws


Was supposed to be for the op sorry

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report

Hello op...Surely HMRC have your tax details as you have being selling or trading since 2004?{assuming sales thresholds have being met} ...there will be nothing to worry about if all your previous  yearly sales do not add up to the required total needed to avoid filling in a tax return..

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Re: Confused which month JANUARY OR APRIL and which year 2023 or 2024 or 2025 to report


@hugothecockapoo wrote:

Hello op...Surely HMRC have your tax details as you have being selling or trading since 2004?{assuming sales thresholds have being met} ...there will be nothing to worry about if all your previous  yearly sales do not add up to the required total needed to avoid filling in a tax return..


But still need to registered on the correct account as i doubt very much they collect all these seeds and just selling off an old collection the seeds would not be viable

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