Even though a few month ago I spent a good few days investigating Self-Assessment, Tax,VAT thresh hold,taxable goods.....yawn... that information just wouldn't compute today. Must be all the sun we had over the weekend,gone to my brain and burnt the little grey cells lol. I was informed many moons ago that a trader had three months before he/she had to inform Her Majesties Revenue and Customs of it's start. This was to give the trader enough time to see if the business would actually make money. However, things have changed and now you have to submit this information as soon as you start trading. I suspect that some traders were so wraped in admin that the three month deadline would just slip their busy little minds (smile). The HMRC website has bags of information but I decided to make a couple of phone calls in case I funked up and filled out the wrong forms. The two individuals I spoke to were very helpful. This is what is I found out today:
FOR FULL STORY...
Add a Comment