I have a question relating to some foreign money I earned last year (In fact I am not even sure if it was foreign income!). I am a UK resident but Irish born and non domiciled. I bought and sold some CDs and DVDs on eBay but the funds for the sales were made to a Irish Paypal account and then transferred to an Irish bank account. Why did I do this? Because I have always had that PayPal account and most of the sales were in euros - PayPal charges very high exchange rates so I just left the funds in euros and spent them when on holiday in the eurozone.
The main question though is... Is this actually foreign income if I was selling and dispatching the items from the UK? I read on a website somewhere that the money is earned where the duties take place? The bank accounts were in Ireland and most of the buyers were in Europe. I am asking because I need to establish where this should go on my self assessment. Where should it go?
Also I read the following information on the government's website for non domiciled...
"You don’t pay UK tax on your foreign income or gains if both:"
"they’re less than £2,000 in the tax year
you don’t bring them into the UK, for example you transfer them to a UK bank account"
If the money is indeed foreign income do I need to enter it anywhere on my self assessment as it is in indeed under 2k. If it is UK income where should it go? I just want to get this right... Thanks