Ami
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RE: can I keep using "business tax account"?
Thank you, will apply for a personal tax account -
can I keep using "business tax account"?
I had not run any business/company/sole trader, but have created business tax account by mistake, I have paid tax last year with this account for my rental income. Going forward can I keep using this account type or do I need to cancel it and then register a "personal tax account"? From HMRC website the tax rate is same for both account types as long as I am not running a business, company or as a trader and no corporate tax are required. I am about to file my 2024-2025 tax return so I would like to do it correctly. Thank you for your help.