Registering a new business

Le Chat | 19:00 Tue 06th Sep 2005 | Business & Finance

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Is it possible to find out whether a business that has been operational for the last year, registered with the inland revenue within its first three months of opening - as is the law?

Private Landord & Housing association

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Oneeyedvic

Not sure that it is required. They would only need to register for VAT if their turnover will be over �60,000 (or thereabouts) per year. They wouls also only need to register for PAYE if they are an employee.

So if you have a sole trader builder who is turning over �50,000 a year, I don't think he would need to register with HM Revenue & Customs (the new name for the revenue)

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