Register with HRMC
Actually, this is another must. Once you've settled on whether to go self-employed or to start a limited company, HMRC will need to know what you're up to.
You can only register after you've started trading and then within three months, or you’ll face fines for non-compliance. Get more information straight from the HMRC on registering for Self Assessment and registering for Self Assessment and National Insurance contributions if you are a self-employed sole trader. For Limited Companies - the HMRC website and your accountant will give you all the information you need.
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Last updated: over 1 year ago