submitting tax info

Over the last 10 years I have sold on ebay to fund my hobbies, obviously on paper it looks like I'm a trader as I don't always buy from Ebay.

If I submit my tax info and sell under the limits going forward I'm sure I won't get stung with a tax bill but I'm worried that the last 10 years sales will be submitted to the tax office? 

I can't find any info on this?

Any help appreciated.

Message 1 of 2
See Most Recent
1 REPLY 1

submitting tax info

I'm not sure what you mean by funding your hobbies: If you've been selling off your own personal items such as bits from your wardrobe/attic/garage then these items aren't taxable and you won't be required to complete a self assessment or pay tax on them.

 

If you have been trading i.e. buying items to resell then you'll need to discuss this with HMRC. They may well issue a backdated bill.

Message 2 of 2
See Most Recent
Got selling related questions? Start here: