We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at Total Commercial Finance LTD.
From 6 April 2009 there is a change in the penalty to pay for late notification to the HMRC that you have commenced self-employment.
Up to 6 April 2009 the penalty was £100 and you had 3 months after commencement of trade to let HMRC know.
From 6 April 2009 the rules have been changed as follows:
You may find out about other changes in a consultation at our office.