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Registration of New Business for Tax

November 7th, 2011

Top Tax Tips.

New Traders must register with the Taxman as a business for the payment of Tax.

The Taxman’s Internet spy. HMRC will use a ‘web robot’ to search out new traders who have not registered with them & will fine them where they have been identified. To avoid inadvertently overlooking a notification, registration deadline or a limit refer to the website http:/tax.indicator.co.uk. If you find that you have missed a deadline, the best advice is to contact the Taxman immediately as doing so can mitigate any potential penalty.

The content of this article is for general information only. It should not be relied on and action which could affect your business or personal circumstances should not be taken without appropriate professional advice.