Final Tax Returns for Self-Employed Business
You can choose to finish your self-employed business anytime in the Tax Return. If this is the case, you have to notify the HMRC so they can stop your National Insurance records, but the final Tax Return can only be filed after the end of the Tax Year, 5th April each year.
This means that the final Tax Return can be filed on the 6th April the soonest, even if you have stopped trading on the 1st May the previous year.
This also applies if you leave the United Kingdom in the meantime. Your filing requirement still exists even if you already live in another country.
By appointing us as your Tax Agent, we can monitor this filing requirement, and send you a reminder to file a Tax Return when the time has come. We can also represent you at the HMRC when you have left the country.