It looks like the online CWF1 is the easiest way to update your records. Provide your existing UTR in the relevant field and note that you've previously registered for self-assessment:
https://www.tax.service.gov.uk/short...e=CWF1&sub-dep
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Reply to: Contracting LTD to Sole Trader
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Previously on "Contracting LTD to Sole Trader"
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Originally posted by Lance View Post
when you say you haven't unregistered. What haven't you unregistered from.
You MUST register with HMRC as self-employed. That has nothing to do with VAT, LTD, or self-assessment.
Register for Self Assessment: Register if you’re self-employed - GOV.UK (www.gov.uk)
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Originally posted by dx4100 View PostHey All
Looking for a simple answer and its surprisingly difficult to find it just googling. So forgive my stupidity and hopefully someone can quickly answer it.
Just closed my LTD and I am going to do any future freelance work as a sole trader. I am still registered for Self Assessment. Is this good enough to just start acting as a sole trader or do I need to fill a some form to tell HMRC I am now going to be a sole trader. There is CWF1 which looked likely but its talking about "re-registering" when I haven't unregistered.
Thanks
You MUST register with HMRC as self-employed. That has nothing to do with VAT, LTD, or self-assessment.
Register for Self Assessment: Register if you’re self-employed - GOV.UK (www.gov.uk)
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No MVL - I only had a couple of grand left in the company so just dissolved company and used CGT allowance.
Future work is direct so agency isn't an issue.
Thanks!
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Yes, nothing special. Registering for self assessment is the main thing, but you're already registered (and VAT, as necessary).
I hope you understand that you're unlikely to get work this way, certainly not through an agency. Also, I hope you didn't MVL YourCo. I appreciate you didn't ask about either of those things, but consider them a bonus
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Contracting LTD to Sole Trader
Hey All
Looking for a simple answer and its surprisingly difficult to find it just googling. So forgive my stupidity and hopefully someone can quickly answer it.
Just closed my LTD and I am going to do any future freelance work as a sole trader. I am still registered for Self Assessment. Is this good enough to just start acting as a sole trader or do I need to fill a some form to tell HMRC I am now going to be a sole trader. There is CWF1 which looked likely but its talking about "re-registering" when I haven't unregistered.
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