Sole trader registering for the first time

Sole trader registering for the first time

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Hello All

New / potential client has traded 4 years - started April 2011 so four tax years outstanding. Making circa £20K taxable income per annum. Did not think to register (as they do)  

What do we reckon the penalty % would be. It's unprompted as far as I can ascertain. Taxpayer happy to comply and promptly submit returns and pay. No concealment etc

Could they get away with 15%. There's no vat or paye indiscretions as far as I am aware.

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By Carl London
27th Nov 2015 07:59

2nd income?

Have they had any other PAYE income during those years? Might be able to use this if so...

 

https://www.gov.uk/secondincomes 

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