When to register for self-assessment
#1
Just Joined
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Joined: Apr 2023
Posts: 6
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.
#2
Re: 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.
Edited to add: That's January 24, less than 3 weeks away. Be patient. (Sorry, I just couldn't resist it).
Last edited by dunroving; Jan 7th 2024 at 8:29 am.
#3
Just Joined
Thread Starter
Joined: Apr 2023
Posts: 6
Re: When to register for self-assessment
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
#4
Re: When to register for self-assessment
Just carry on with your accounts etc as if you were registered, and use the business name you plan to use - it's not like a Ltd company where you have to use a name that's unique.