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reporting to HMRC

Hi

Am reporting to HMRC for the first time. I have two accounts but cant see if I have to report totals for each account or whether just one . obviously same bank details and NI number. Hope this is clear enough to understand!

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reporting to HMRC

Depends on what you are selling! Unless you are trading as a business, you do not pick and choose what you report. If trading then you need proper accounts reflecting transactions on all accounts.

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reporting to HMRC

Thanks. I'm not a full time reseller but need to fill out a tax return. I
use the report on my first ( main) account . Will this cover all sales on
my other account. Not trying to avoid anything !
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reporting to HMRC

You will need to report all sales on all accounts that you are trading on if you are reporting to HMRC.

 

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