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Posted 14 days ago by Sandie Mc
Hi, I've been a sole trader for about 10 years, but I am giving up my work in order to care for my elderly father. Should I cease trading? or take some kind of break? From a tax point of view, what would be the pros and cons of these situations please? Thank you.
Posted 14 days ago by HMRC Admin 21 Response
Hi,
1. You can update your record to cease your self employment : Stop being self-employed.
2. You would need to register again as self-employed if this started again but would remain the same UTR. 
Thank you

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