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Re-registering as sole trader
catlover57
Posts: 33 Forumite
Hello I'm in employment (26 hrs) and also was self employed (sole trader) part time.
1 month ago I stopped being self employed, but due to circumstances can I re-register again?
Also in case it happens in the future do I need to register self employed if I'm earning less than £1000 but still employed (26hrs)?
1 month ago I stopped being self employed, but due to circumstances can I re-register again?
Also in case it happens in the future do I need to register self employed if I'm earning less than £1000 but still employed (26hrs)?
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Comments
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There is no such thing as registering as as sole trader. If you start trading, you are a sole trader. If you informed HMRC that you had ceased trading, then tell them that you are now starting to trade again.
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Thank you so I can just tell HMRC I've started to trade again.
Does anyone know the answer to my second question?
Also in case it happens in the future do I need to register self employed if I'm earning less than £1000 but still employed (26hrs)?
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You do not have to inform HMRC if your turnover (not profit or earnings) is less than £1000.
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Thank you Mistral, So I understand this clear.
My employed work is £14000 a year, and say I earned £750 (cash) a year house cleaning.
How would I declare my £750 earnings?0 -
If you aren't required to do a self assessment tax return, you wouldn't declare sole trader earnings of £750.
But, when you say you told HMRC a month ago you were no longer going to do any self employed work, I'm surprised they don't want a 2023-24 tax return from you.1 -
Thank you uknick
HMRC do want me to send a tax return.
The under £1000 question was for future ref only
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