Tax rule dates

[cathreyn_70]

Please can,anyone confirm the tax rule ,EXACT dates for self assessment  HMRC  April2024 - April 2025?    E BAY states  purchases between Jan 242024-Dec31st  2024. HMRC states. purchases between  April 24-April25. Which numbers should I declare?    Thank you

[*vyolla* · Accepted solution]

The eBay dates are the dates that your sales are reported to HMRC and run from Jan 24 to dec 24.So, HMRC get a whole years worth of sales reported to them.

The April 24-25 is the tax year that HMRC use here in the UK. If you're trading as a business and have made more than £1,000 in sales during that particular period, you'd fill in a self assessment for sales made during that period.

[jckl1957]

The 2024 to 2025 tax year starts on 6 April 2024 and ends on 5 April 2025.

I assume you mean purchases from you, so. sales made by you?

[cathreyn_70]

Hi vyolla, Thank you very much for your reply. Please can you advise me on one one more point. I am not a TRADER, I have never bought an item to sell. I am simply attempting to clear out some of the contents a family house of 70 years with some VERY unusual items. (not high value). Inheritance tax paid. I can NOT work out if HMRC will suspect be of trading . Are individual cases assessed separately or will I be accused of trading. Thank you Regards CAReynolds

[papso22]

Individual circumstances are looked at separately.   HMRC may just send you a letter asking for information. 

If you paid inheritance tax that will provide evidence to support your position. 

[cathreyn_70]

Thank you very much for your clear answer to my query