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Register as Sole Trader

Hey all,

I need some help with registering as a sole trader with HMRC.

I started working as a sole trader in March 2015 this year. The .gov website states "If you start working as a sole trader between April 2014 to March 2015, you should register before 5 October 2015."

I am a bit confused about registering, do I need to register before 5th October because I started working in March 2015 or is it fine to register, after October, like January 2016?

I'm concerned if I don't register before 5th Oct I will be fined/ receive a penalty.

This is all new to me, so any help would be most appreciated.

Thanks!

Comments

  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hey all,

    I need some help with registering as a sole trader with HMRC.

    I started working as a sole trader in March 2015 this year. The .gov website states "If you start working as a sole trader between April 2014 to March 2015, you should register before 5 October 2015."

    I am a bit confused about registering, do I need to register before 5th October because I started working in March 2015 or is it fine to register, after October, like January 2016?

    I'm concerned if I don't register before 5th Oct I will be fined/ receive a penalty.

    This is all new to me, so any help would be most appreciated.

    Thanks!


    The .gov website refers to a year, so both months are included in the year.


    So you did start self-employment that year (2014-15) and need to register straight away. Get on the phone before 9 am tomorrow.
  • Just found it all bit confusing, will get on to them tomorrow - thanks!
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