Quizzes & Puzzles39 mins ago
Registering a home-based business
3 Answers
Hello. My mind has gone completely blank on this one! If you set up a business that you run from your own home, who do you need to register with? I know it's some sort of governmental department, but I just cannot think! I am a complementary therapist, and intend to set up a therapy room at home, but I know I have to register with someone but cannot remember who!! Please help!
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.You need to inform the Inland Revenue and register as self-employed. Information and forms here:
http://www.hmrc.gov.uk/startingup/index.htm
Depending on the sort of business, you may also have to inform your council and your household insurance.
Check the Registered Title to your property, or lease if rented - you may prohibited from carrying out a business from home.
http://www.hmrc.gov.uk/startingup/index.htm
Depending on the sort of business, you may also have to inform your council and your household insurance.
Check the Registered Title to your property, or lease if rented - you may prohibited from carrying out a business from home.
Assuming you are going self-employed (and not Ltd Co) you don't have to register your premises as such.
As Ethel says, you just have to make sure you can run a business from there.
If you are using a separate building within the curtilage of your property to run the business from, you would probably have to register that building for business rates, but if its just a single room in your house you wouldn't. There is some stuff here for you to look at.
http://www.businesslink.gov.uk/bdotg/action/la yer?r.l1=1073858805&topicId=1073960216&r.l2=10 73859128&r.s=tl
Also make sure you check out the potential for any CGT implications when you eventually sell your house if part of it has been used for business purposes.
As Ethel says, you just have to make sure you can run a business from there.
If you are using a separate building within the curtilage of your property to run the business from, you would probably have to register that building for business rates, but if its just a single room in your house you wouldn't. There is some stuff here for you to look at.
http://www.businesslink.gov.uk/bdotg/action/la yer?r.l1=1073858805&topicId=1073960216&r.l2=10 73859128&r.s=tl
Also make sure you check out the potential for any CGT implications when you eventually sell your house if part of it has been used for business purposes.
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