HMRC guidelines have changed for registering your business with them. Previously you had three months to register before being subject to a penalty for not registering within this time but now HMRC ask you to register as soon as possible or by 5 October in your business’s second tax year. You will not receive a […]
Archives for June 2015
Are you a sole trader?
From April 2015 your liability to pay Class 2 National Insurance Contributions (NICs) as a sole trader or self employed person will be assessed annually when you submit your self assessment tax return. Payment will be made at the same time as your payment for tax and Class 4 NICs. In April HMRC sent […]