The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
Business must consider both their one-off compliance obligations when the business commences, and their ongoing requirements. The extent of a business’s tax compliance obligations depends on many factors, including:
This guidance note summarises the main tax compliance obligations for new businesses. There is also an HMRC online tax forum and dedicated webchat service for small businesses and the self-employed which may be useful for initial HMRC help.
A sole trader must notify HMRC that he has started in business as soon as the business commences, at Register your new business with HMRC .
There are a number of types of taxpayer and organisation which cannot register using this service. Instructions for these groups to register are found as you progress through the screens.
The following forms should be used to register the members of an LLP / partners of a partnership with HMRC who are not the nominated partner:
Members / partners need to complete these forms when registering a new partnership or as partners of a partnership, regardless of whether
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