This can be so complicated and depending on who you're dealing with quite frankly a nightmare. Yes the one or two have managed it and didn't meet with a less than helpful civil servant, that's brilliant but for the rest of us we need to be really on the ball.
Key factors are
- decide what you want to be: butcher,baker......
- how much is your turn over likely to be
- are you selling stock
All this can affect what regime you trade under and ultimately what tax and national insurance contributions you pay
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