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How to stop being self-employed

If you want to stop being self-employed, you have to let HMRC know as soon as possible.

Otherwise they’ll still expect you to file a Self Assessment tax return.

How to tell HMRC I’m no longer self-employed?

Two ways:

  • try calling HMRC on 0300 200 3310
  • if you were working in construction (CIS), call 0300 200 3210 instead
  • you can also fill out this online form
  • or mention it in your Self Assessment tax return (simply tick a box).

You will need:

What happens if you don’t tell HMRC:

  • they’ll keep sending you a tax return every year
  • you can’t ignore them: you’ll be fined (about £1,600 if you’re a year late)
  • HMRC will also create an “estimated tax bill” for you – it’s legally due and you can only cancel it within 3 years.

Do I still need to file a Self Assessment tax return?

Yes.

What you need to include on your last Self Assessment tax return:

What happens once you de-register

What you have to do:

  • file your last (as a self-employed) tax return (see above)
  • pay any income tax and National Insurance that you owe
  • if you are registered for VAT, cancel your VAT registration here
  • keep your documents (receipts, invoices, etc) for 6 years
  • make sure that HMRC has your correct address for the 12 months after you file your tax return.

What HMRC will do:

Can TaxScouts help?

Definitely.

We can:

More guides & useful information

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.