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Delayed registering as sole trader

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  • 12-08-2016 2:11am
    #1
    josha1
    Registered Users Posts: 71 ✭✭


    Hi, I've looked up legislation for becoming a sole trader in the UK before, and it states "Register as soon as you can after starting your business. At the latest, you should register by 5 October in your business’s second tax year." And that once you have the intention of becoming a sole trader, that you basically are one.

    I'm wondering what's it like in Ireland? The purpose of this is for a cashback deal, so I'm wondering will it work the same way as the UK? Thanks


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    #2
    josha1
    Registered Users Posts: 71 ✭✭josha1


    By the way from what I've looked up it seems that you don't need to register for unless you want to trade under a different name or for Vat under a threshold. It seems that you do need to send a t1 form to revenue before starting? Thanks


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    #3
    exaisle
    Registered Users Posts: 2,675 ✭✭✭exaisle


    josha1 wrote: »
    By the way from what I've looked up it seems that you don't need to register for unless you want to trade under a different name or for Vat under a threshold. It seems that you do need to send a t1 form to revenue before starting? Thanks

    It's a TR1 form...and if you're trading you need to register, regardless of whether you're registering for VAT or not, as you'll still be obliged to make tax returns.


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