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Dissolving a sole trader business

david.... · 2014-10-05 18:56:33

Hi. I currently buy and sell cars and registered as a sole trader. Things are not working out and money is not really being made. I have a irish vat number and company registration number. I will be handing back my vat number soon but what I want to know is will I still have to keep all my files and vat receipts for money…

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05-10-2014 7:56pm

#1

david....

Registered Users Posts: 90 ✭✭

Join Date: April 2009

Posts: 54

Hi.
I currently buy and sell cars and registered as a sole trader.
Things are not working out and money is not really being made.
I have a irish vat number and company registration number.
I will be handing back my vat number soon but what I want to know is will I still have to keep all my files and vat receipts for money claimed back as my business will be dissolved and my vat number non existent anymore?
Thanks
David

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#2 06-10-2014 6:49am
pedronomix

Closed Accounts Posts: 997 ✭✭✭

Join Date: December 2013

Posts: 954

A SOLE TRADER IS NOT A COMPANY. You can cease trading, relinquish your VAT and TAN registrations, but as a sole trader you cannot "disolve" without filing for personal bankruptcy! You need to keep your records for 6 years, but this can be reduced with specific Revenue approval.

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