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How to stop being self-employed

We've updated this guide on 15th February 2021

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:

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