I have recently been contacted by HMRC regarding an Ebay account that shows fees paid on it greater than my declared turnover on my Self-Assesments, according to the way they worded the letter.
I have not been keeping detailed records and this is for accounts in 2012, like alot of people I fell into this trading online and have never run a business before. the Ebay account in question was run for personal and business sales and I have bought and sold all kinds of household items and items relating to my various hobbies, so it's wrong for HMRC to think everything going through the account was business related.
I am about to write back to them to point this out, but was looking for any advice from users on here as to how to proceed. If I am honest I have been under declaring my turnover to save a bit on Tax, but my turnover is only around 30-40k a year.
Any advice on this matter would be greatly appreciated...
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