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Continuing trade or new trade?

Registered childminder to babysitting service

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A client who has operated as a registered childminder, which also included some babysitting and school run service, for many years was tired of being tied to the children full time has reduced the childminding with the last children leaving at Christmas last year.  She was, before the lockdown, still operating the school run and babysitting services and intends to continue with just the babysitting when Covid regulations permit.  She still uses the same trading style "(name)'s childcare" which is also her email address. and initially her customers are, largely, the parents who sent their children to her as a childminder.

Initially I was certain that this was just a continuing trade but am having second thoughts that HMRC might regard it as a cessation and startup and would welcome any thoughts.

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RLI
By lionofludesch
27th May 2020 13:22

Continuing trade.

Lots of trades evolve.

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Scooby
By gainsborough
27th May 2020 13:43

I second that - still fundamentally childcare the whole way through.

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.
By Cheshire
27th May 2020 14:06

A rose by any other name

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Woolpit Gus
By nutwood
27th May 2020 14:20

Many thanks all.

Was beginning to think that self doubt may be a symptom of .....

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By ireallyshouldknowthisbut
27th May 2020 14:45

Self doubt is the sign of critical thinking, which is a sign of doing a decent job.

Critical thought: why would it matter about there being two trades (which I don't think there can be) unless there are losses?

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Replying to ireallyshouldknowthisbut:
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By Accountant A
15th Jun 2020 20:17

p98f8p9yf

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Replying to Accountant A:
Woolpit Gus
By nutwood
27th May 2020 19:02

Client is concerned that at least the first 3 months of this year (Mar to June) will be zero turnover and that until restaurants; pubs; theatres etc are open there will be little requirement for babysitting anyway.

She made a claim for SEISS and in the same email as telling me it had only taken 5 minutes to do, she was asking how she could pay it back as it didn't seem right to claim it. I was able to convince her that the only reason she had no income from this source now is because of the virus and that is exactly what the scheme is intended for.

She was also fretting that she wouldn't get a payslip for her July payment but I told her that she would be able to look it up on her new Personal Tax Account now that she's set one up. She always pays early so there's always a small amount of interest credit and the required payment is always less than what has been advised to her when submitting her return.

In short, she's a worrier and some of that has obviously rubbed off on me!

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Replying to nutwood:
RLI
By lionofludesch
27th May 2020 19:19

Jeez - I think covid 19 explains most of that.

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