Hi...Again.

First time tax return....HELP! (please)

I am have been recording my bank interest (net) in my sales book under 'other income' throughout the year.....

I am completing my SA paperwork partnership return box 3.29. "sales/business income (turnover)"

Does this income relate solely to the invoices I have issued and monies banked ...........or do I also need to add net interest and refunds etc?

I am assuming that interest paid by the bank, although recorded as 'other income' does not count as taxable at year end as it is not a sale & I have been taxed already and have the deduction certificate.......

In short ...

All receipts 'minus' net interest received 'minus' Refunds received = Sales business income /turnover.

If anyone understand this I'll be amazed!

Thanks again...Tweedledumbest