Any snags on deregistering as self-employed

Any snags on deregistering as self-employed

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My client is a retired civil servant and ran a driving school but has sufficient pension and PAYE p/t job and has ceased the business. Two years ago he purchased a new driving school car for which I claimed 100% CA. However, he intends using the car for his own private use ( removed dual controls etc). Are there any ramifications ( eg balancing charge) in my advising HMRC as such as doing a SA100 is now uneccessary.

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By johngroganjga
09th Jun 2014 12:43

The car needs to be taken out of the business at market value, with balancing charge, as restricted for private use, as appropriate.

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