new to tax returns, what about stock held?

[funkybuddha]

Hi all, hope you can shed some light on this, I have worked out my outgoings against the money I have taken and I have a minus figure which is ok. But, what do I do about the stock held, is it insignificant?

[TalkinPeace]

you need to remove the value of unsold stock from this years purchases so that you can set it against next year's sales

have a look at the page I wrote for ebayers ...
sample accounts on there
members.ebay.co.uk/ws/eBayISAPI.dll?ViewUserPage&userid=talkinpeace

[funkybuddha]

Great, thank you!

[Georgiesgirl]

Really useful and concise. Thank you!