If you want to terminate your secondary occupation, you must report the value of the items you have purchased if nothing has been sold. I had a shop selling second-hand items. Should I enter the purchase price or the sale price here? Thank you in advance!
Purchase price, possibly reduced by the price they would be worth today. Which services do you need to report this to? I think it is best to report the lowest possible value, as this will then be added to your income.
Thank you! When you cease trading, you must fill in this on the form when you report your cessation: deletion of company number.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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