Sole Trader Preliminary tax

[Sole Trader Newbie]

Can anyone advise on any pros or cons of paying tax in the first year of sole trading as against the 2nd year?

i.e. a "new" sole trader can pay their tax at the end of their first year trading or pay two years worth of tax in the 2nd year.

Sole Trader Newbie

 

[darag]

i can't see any "pro" to paying up in the first year. why not
take the interest free loan for the year? if you don't trust
yourself not to spend it, stick the amount in a 60 day demand
northern rock account and treat yourself to something nice
with the interest next year.