When to register for self-assessment
Hi, I'm trying to understand when to register as sole trader/for self-assessment if I returned to the UK in June 2023 (after living overseas for 13 years). If I register for self-assessment now how will HMRC understand it's only for the tax year from 2023-2024 and not for 2022-2023? On the HMRC website, they appear to instantly assume I'm registering for self-assessment for 2022-2023. I could wait until April but I'd like to register as a sole trader now. I'd appreciate any advice you can give.
|
Re: When to register for self-assessment
Originally Posted by Patienceisavirtue
(Post 13234554)
Hi, I'm trying to understand when to register as sole trader/for self-assessment if I returned to the UK in June 2023 (after living overseas for 13 years). If I register for self-assessment now how will HMRC understand it's only for the tax year from 2023-2024 and not for 2022-2023? On the HMRC website, they appear to instantly assume I'm registering for self-assessment for 2022-2023. I could wait until April but I'd like to register as a sole trader now. I'd appreciate any advice you can give.
Edited to add: That's January 24, less than 3 weeks away. Be patient. (Sorry, I just couldn't resist it). |
Re: When to register for self-assessment
Originally Posted by dunroving
(Post 13234584)
I'd say just wait until the deadline for online filing for 2022-2023 has passed. I can understand you wanting to tick off a task, but it's really not urgent.
Edited to add: That's January 24, less than 3 weeks away. Be patient. (Sorry, I just couldn't resist it). |
Re: When to register for self-assessment
Originally Posted by Patienceisavirtue
(Post 13234614)
Thanks very much for your reply. Great, I didn't realise it was Jan 24 and not April. I mainly wanted to register my sole trader business name for admin and accounting purposes. But yes, I'll be patient :)
|
Re: When to register for self-assessment
Thanks for the advice.
|
All times are GMT. The time now is 11:30 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.