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?

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

Great, thank you!

Really useful and concise. Thank you!