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  • Registering as sole trader

    I was on PAYE as a permanent employee of a company, am registered for self assessment for personal tax and completed a self assessment for tax year 2022/23 and will do the same again for tax year 2023/24. From 6th April 2024, I will no longer be a PAYE employee and will be a sole trader. Do I need to register as a sole trader before I start on 6th April 2024? Or, do I wait until I complete my self assessment for tax year 2024/25?