By law, newly self-employed people must notify HMRC by 5 October in the tax year following that in which their activity began or risk a penalty (unless their income from it is fully covered by the £1,000 trading allowance).
If you need any further advice please contact Nick and the team –
Rawlings & Co
Unit 1, Brookside Court
St. Breward
Bodmin
Cornwall
PL30 4LN
Telephone: 01208 850729
E-mail: [email protected]