Form 11 Sole Trader

R

RIRE

Guest
Please advise me on the following:
I registered as a Sole trader at the end of December 2008, the reason I was unemployed and tried to earn money.
I registered for VAT and PAYE.
Recently I received a Form 11, and I do not know what to do with it, here is the resons.
During Jan 2009 to Dec 2009 I earned about 6k as a Sole Trader.
Other monies I received was jobseekers benefit.
I did not employ anyone, and all my PAYE returns were "0" null
I did pay VAT whenever I made something (VAT3 Returns)

Can I ask to have my Form 11 submission date extended so that I could sort this out? Where and how?

I am employed now (1.5 months ago)
Should I terminate the Sole Traded - business?
Should I terminate the VAT and PAYE?

Desperately, seeking sound advice,

Rohan
 
You need to complete your Form 11 and declare your income from self employment (producing a set of accounts to show your income and expenditure).
You need to de-register for PAYE, VAT and Income Tax.
 
Well,

As you registered in Dec 08 you have until Oct 10 to file your return. You should deregister from VAT and PAYE immediately complete TRCN1(revenue.ie/en/tax/it/forms/trcn1.pdf) and send it to your local tax office.
If you do not intend to earn anything as a sole trader in 2010 then complete the Form 11s for 2008 & 2009 and deregister from Income Tax on TRCN1 above.
 
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