HMRC SELF ASSESSMENT AND NI EXEMPTION-I'M all legal!!

[Shantell.B]

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...

http://theurbantiger.blog.com/2011/10/03/self-assessment-ni-exempti...

[Shantell.B]

Your very welcome. My blog is about helping others.lol Thanks for taking the time to read and comment. Much appreciated.x

[Shalini Austin]

Very useful! Thank you :-)

[Anna Stassen]

This is great info Shantell! we've also run an article on this here: http://ukhandmade.co.uk/content/business-navigating-road-hobby-smal...