Two businesses registered by mistake

Hi Again,

Thank you for this previous reply.

My issue is this: I have set up an account with Cllearbooks which is named slightly differently to the business name I use as sole trader with HMRC. This was not intentional - just a mistake on my part. The Clearbooks named account is showing on my HMRC page. Also showing on my HMRC page is my usual business name. As such HMRC is expecting quarterly submissions from two business accounts when I only have one as a sole trader.

Should I enter income details into the Clearbooks named account? OR set up a new Clearbooks account in the usual business name and delete the erroneously named account? How would `I delete the account in Clearbooks ? Would this delete the erroneous business name in my HMRC page? I have not entered any data yet.

Thanks in advance

Stephanie Norris

Hi Stephanie,

The business name on Clear Books has no effect on HMRC's side. This is only for your own reference. You can amend the business name within. Clear Books by heading to the Building icon (top right) > Business details.

If HMRC are showing two income sources, you will need to log in to your HMRC account to manage this. Please note, if you have a sole trader business and rental income, this will show as 2 separate income sources as HMRC require separate quarterly submissions.

Tommy

Hi Tommy,

Thank you for your response.

I will try to sort this out.

Just for your information and clarification.

Whatever is added to Clearbooks is then updated on my HMRC page without me updating it. For example,

Prior to signing up to Clearbooks I only ever had one business account showing on my HMRC page. When I opened a property and a sole trader account in Clearbooks these were then added to my existing sole trader account on my HMRC page so the page now shows two sole trader businesses (original name and Clearbooks name) plus the rental business name I set up in Clearbooks. So it looks like HMRC is now wanting submissions from 3 streams.

I am sorry if I have not been making myself clear but thank you for your response anyway.

Kind regards Stephanie

Hi Stephanie,

No problem and I can confirm HMRC do not give 3rd party software the ability add income sources to HMRC's side. The ability to add, manage or cease income sources can only be achieved via the HMRC account.

Tommy

Hi Tommy,

Thanks for your email.

I have now ceased the erroneous business on my HMRC page as of today. Here’s hoping they will update required submissions to one sole trader account and not two!

Kind regards Stephanie