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  • FIRST POST
    • WorkFromHome
    • By WorkFromHome 10th Nov 18, 3:44 PM
    • 142Posts
    • 307Thanks
    WorkFromHome
    Business didnít get off the ground (tax?)
    • #1
    • 10th Nov 18, 3:44 PM
    Business didnít get off the ground (tax?) 10th Nov 18 at 3:44 PM
    I started a business in September and set up with HMRC but it didnít take off. I accumulated debt but receive no income so decided to quit it before things got worse. I set up as a sole trader and now wondering if I have to wait until April to do the self-assessment or if I can just cancel it? I didnít earn anything so does it matter?
    DEBT: 27/12 £4060 6/1 £3906 15/1 £3756 30/1 £3700 7/2 £3911 19/4 £3108.93 31/5 £3095.12
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Page 1
    • 00ec25
    • By 00ec25 10th Nov 18, 8:48 PM
    • 7,196 Posts
    • 6,890 Thanks
    00ec25
    • #2
    • 10th Nov 18, 8:48 PM
    • #2
    • 10th Nov 18, 8:48 PM
    you can inform HMRC now, just read the following and fill out the e mail

    https://www.gov.uk/stop-being-self-employed
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