Registering for self assessment in 2nd tax year
cc56
Posts: 1 Newbie
in Cutting tax
Hi,
I just have a query and am quite confused with regards to the following statement on the HMRC website: “ You have to register with HMRC for Self Assessment by 5 October in your business’s second tax year”.
Does this mean it is penalty free to register before the deadline in the 2nd tax year of your business running?
I just have a query and am quite confused with regards to the following statement on the HMRC website: “ You have to register with HMRC for Self Assessment by 5 October in your business’s second tax year”.
Does this mean it is penalty free to register before the deadline in the 2nd tax year of your business running?
0
Comments
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Yes. If you start business today (2020/21 tax year) you must register by 5th October 2021 (2021/22 tax year).1
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