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Self Assessment and Trade Code.

06/12/2017 10:35:06
I would like to set up a business, initially as a sole trader, but I am experiencing the issue of understanding what kind of trade code would apply to the nature of my work.

In brief I would like to provide 3 types of services: Private Tutoring for university students, Photography and Graphic Design services, Engineering consultancy services. Is there a code that will embrace all of those categories or shall I set up different assessment for each line of business?
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Self Assessment and Trade Code.

06/12/2017 11:24:07
Is there a genera; services code? You only need one UTR as it covers all income.
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Re:Self Assessment and Trade Code.

06/12/2017 15:03:53
You should register each of your businesses seperately. There may be a different trade class for each one.
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  • Catherine Newman
  • Joined: 03/07/2017 14:29:01
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Self Assessment and Trade Code.

06/12/2017 15:32:20
But you don't do a separate self assessment return for each one.
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Self Assessment and Trade Code.

06/12/2017 15:34:43
That's right Catherine, you do not need a seperate self assessment return, just a seperate self employment section.

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