Restarting a ceased sole trader business

[dadg]

Hello

3 years ago i had setup a sole trader business but after running for a year when i switched to a full time job i ceased it by using gov`s stop-being-self-employed service.

Can i restart it or do i need to register another sole trade entity ? (I still keep the UTR)

As far as I understand HRMC does not care as long as I have a valid UTR and do my self assestment.

Thank you for your help

 

[Scalloway]

If you already have a UTR I would just include the business on your next tax return. That is what I did several years ago when I revived a self employed business.

The 5 October is HMRC's latest date for informing them of untaxed income you have not previously informed them about so if you send in your self assessment before then I see no problem.

 

[MyAccountantOnline]

@dadg have a read here it explains what you need to do depending on whether you have a tax return or not