When to register with HMRC

[bluechipbob]

Hi there!

This is the first time I have used this forum, so please go easy on me ;-)

I intend to start selling products online this year, as a sole trader in e-commerce.

I read somewhere, that it would be best for a small business start-up like myself, to REGISTER with HMRC on either March 31st or April 5th/ or 30th of this year.

Should I just register my new business now with HMRC, or would it make sense to hold out for one of those three dates (and if so - what would be the benefits?).

Please help as I am getting slightly confused.

Thanks to all those who reply!

Bluechipbob

 

[StevensOnln1]

You register when you start trading (well technically up to 6 months after the end of the tax year you begin trading in).

 

[UK Contractor Accountant]

You seem to be confusing registering with HMRC and your year end date i.e the date you make your accounts up to each year.

You can register after 6 months after the end of the tax year you started trading in wiithout penalty but you must ensure your tax return and any taxes due are submitted on time.