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People who started in self-employment before 31 January must
register with the Inland Revenue by 30 April if they want to
avoid a £100 fine.
Paymaster General Dawn Primarolo said:
"Time is running out for the newly self-employed to register
their business with the Revenue. Following Lord Grabiner's recommendation
we have introduced a penalty for those who fail to notify us
within three months of starting up in business. This will help
us to ensure new businesses comply with tax and benefit rules
from the outset, enabling us to provide support early."
The Helpline for the Newly Self-Employed is on 08459 15 45
15 and is open 8am to 8pm, seven days a week. Calls are
charged at local rates.
Further Details
See our previous BizNewz article.
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