What Are My Requirements For Registry Etc?

[LucidCaledonia]

I've started taking on projects for clients, but I'm also working, although I plan to quit my job soon.

My question is what do I have to do in the way of registering my business, and when do I have to inform HRMC of my self employed activities? I have an accurate record from day 1 of all transcations, outgoings and income.

 

[stugster]

You need to register with HMRC as soon as you begin trading.

If you're happy going down the self-employed route, take a look at the information here: https://www.gov.uk/working-for-yourself/overview

It might be worthwhile talking to an Accountant at this stage and making enquiries as to the best structure for your business. It might be that being self-employed isn't the right way to go.

 

[Business Upside]

The main documents for GST registration include a PAN card, proof of business registration, identity, photographs, and address proof of persons in charge, the business' address proof, and bank account statements.