Input: income and expenses list: "Vinted/eBay sales £2,400; bought stock (clothing to resell) £950; eBay fees £180; postage and packaging £210; printer ink and labels £35; phone bill £420/year, used about 30% for business"; VAT registered: No; hours worked from home per month: 40; business mileage this tax year: 0 1. TRADING ALLOWANCE CHECK Allowable expenses come to £1,621 (see Box table below), which beats the £1,000 trading allowance, so claim actual expenses, not the trading allowance. 2. EXPENSE CATEGORISATION Box 15 Turnover: £2,400 Box 17 Cost of goods bought for resale: £950 Box 22 Phone, stationery and office costs: £35 (ink/labels) + £126 (30% of £420 phone) + £120 (use of home, see step 4) = £281 Box 28 Other allowable business expenses: £180 (eBay fees) + £210 (postage/packaging) = £390 — platform fees and postage don't have their own box, so they sit here. 3. COMMONLY-MISSED EXPENSES You haven't mentioned: any paid listing/boost fees on Vinted or eBay, a card-reader or PayPal processing fee if you take payments that way, or storage/stationery for packing materials beyond labels. Worth checking your bank statement for these. 4. USE OF HOME CALCULATION 40 hours/month falls in the 25–50 hour band: £10/month × 12 = £120/year, added into Box 22 above. 5. MILEAGE CALCULATION No business mileage given, so £0 added to Box 18. 6. SUMMARY | Box | Category | Total (£) | |---|---|---| | 15 | Turnover | 2,400.00 | | 17 | Cost of goods | 950.00 | | 22 | Phone/office/use of home | 281.00 | | 28 | Other allowable expenses | 390.00 | Total turnover: £2,400.00 Total allowable expenses: £1,621.00 Estimated net profit: £779.00 (before personal allowance and tax) This is an organisational aid, not formal tax advice — check current rates and thresholds on gov.uk or with an accountant before filing.