Closed my business - who do I tell?

10/08/2017 15:27:29
I closed my shop last year and am currently doing my last tax return for it. Do I have to fill in any particular forms/notify anyone in particular? Can't find any information online.
  • Catherine Newman
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Re:Closed my business - who do I tell?

10/08/2017 18:42:00
You can just put in a cessation date in your tax return but at the moment you do need to ring the NIC helpline to make sure they are no longer expecting NI unless you are already receiving the state pension.

Re:Closed my business - who do I tell?

11/08/2017 09:54:20
Hello Pennyweb

Assuming that you were self employed , here is a link to report that you have now ceased which will also cancel your class 2 NIC https://online.hmrc.gov.uk/shortforms/form/CeaseTrading.
You will also show the end date on your self assessment tax return for 2016/17 tax year.

Catherine Newman thank you for your response