Self employment now ended HMRC question
tightasagnats
Posts: 391 Forumite
Hello folks,
I used to do some self-employed work but this has now ended (last month) and all of my salary will be under PAYE and is entirely different.
It's not very likely that I shall do any self-employed work again, but not impossible - but certainly not in plans. It was around £1500 a year gross.
Can I de-register from HMRC after my last tax return so that I don't spend years filling out tax returns on no income? I was a sole trader as it were. Not a company. Do I need to let them know sooner? I could continue this year to be registered but seems pointless and poss dishonest given that I am not seeking new contract to replace old work and would be entitled to claim costs if I stay registered.
Many thanks.
I used to do some self-employed work but this has now ended (last month) and all of my salary will be under PAYE and is entirely different.
It's not very likely that I shall do any self-employed work again, but not impossible - but certainly not in plans. It was around £1500 a year gross.
Can I de-register from HMRC after my last tax return so that I don't spend years filling out tax returns on no income? I was a sole trader as it were. Not a company. Do I need to let them know sooner? I could continue this year to be registered but seems pointless and poss dishonest given that I am not seeking new contract to replace old work and would be entitled to claim costs if I stay registered.
Many thanks.
0
Comments
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There is a form to tell them you have stopped trading ...
https://www.gov.uk/stop-being-self-employed
You will still need to complete a return for 16-17 and there is a box to tick to say you ceased trading during the year.
HMRC may or may not stop inviting you to do tax returns after that depending on your other circumstances.0 -
Many thanks, v helpful.0
This discussion has been closed.
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