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Ltd company + carboot sale receipts...

Liambow
Posts: 4
Joined: Sat Jan 02, 2016 10:15 am

Ltd company + carboot sale receipts...

Postby Liambow » Fri May 19, 2017 8:25 am

Hi all,

I have a Ltd company - buying from bookers/makro/Utd and selling on eBay.

It's just a small company. Just me.

I want to start going to car boot sales - buying 2nd hand items and selling them on eBay.

I obviously keep all receipts from the wholesalers - but I won't be able to get them at car boot sales.

Could I take a photo with my phone of the items I'm buying (which records date/time) then fill in a receipt and get the seller to sign it?

Or could anyone else using carboot sales as a supplier let me know how they prove to hmrc how much they paid for things.

Thank you!

pawncob
Posts: 3904
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Ltd company + carboot sale receipts...

Postby pawncob » Tue May 23, 2017 12:32 pm

Is this the same "small" company that owes £100k CT?

Photos, dates, diary entries, even receipts, all help to establish the cost of goods. A solid audit trail is recommended.
With a pinch of salt take what I say, but don't exceed your RDA


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