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ROS File Return Form 11 Self-Employed Categories

  • 10-03-2014 8:06pm
    #1
    maniootek
    Registered Users, Registered Users 2 Posts: 33 ✭


    I am trying to file my self-employed income from trades and I am not sure about few fields. Let me show you which ones:

    1. Form 11 > Self-Employed Income > Trading Account Items > Purchases
    Help page says: Purchases: These are materials or purchases for resale purchased during the accounting period.
    My question is: Does it mean total value of all goods purchased for resale or just the value of sold goods (stock value at the start of an accounting period + sold goods value - stock value at the end of an accounting period)?

    2. Form 11 > Self-Employed Income > Trading Account Items > Gross Trading Profits
    Help page says: Gross Trading Profits: This is the gross profit of your business after adjusting for opening and closing stocks and input costs.
    My question is: Does it mean: turnover (total income/sale) minus value of sold goods?


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