For the tax year 6/4/17 to 5/4/18 I took £1,235.87 from my hobby selling craft and prop items.
My expenses were £1,270.27.
I made a loss of - £34.40.
Do I still have to fill in a tax form as I went over £1,000 or do I qualify for the new £1,000 allowance because I didn’t make any profit?
(I still have supplies and made up stock, and I’m still selling my items during this tax year).
I also have employment, but I don’t earn enough to go over the personal allowance threshold.
I’d be grateful for any help, as the examples given on the websites don’t relate to my situations.