If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Dissolving a sole trader business

david.... · 2014-10-05 18:56:33

Hi. I currently buy and sell cars and registered as a sole trader. Things are not working out and money is not really being made. I have a irish vat number and company registration number. I will be handing back my vat number soon but what I want to know is will I still have to keep all my files and vat receipts for money…

05-10-2014 6:56pm

#1

david....

Registered Users, Registered Users 2 Posts: 90 ✭✭

Join Date: April 2009

Posts: 54

Hi.
I currently buy and sell cars and registered as a sole trader.
Things are not working out and money is not really being made.
I have a irish vat number and company registration number.
I will be handing back my vat number soon but what I want to know is will I still have to keep all my files and vat receipts for money claimed back as my business will be dissolved and my vat number non existent anymore?
Thanks
David

0

Comments

#2 06-10-2014 5:49am

pedronomix

Closed Accounts Posts: 997 ✭✭✭

Join Date: December 2013

Posts: 954

A SOLE TRADER IS NOT A COMPANY. You can cease trading, relinquish your VAT and TAN registrations, but as a sole trader you cannot "disolve" without filing for personal bankruptcy! You need to keep your records for 6 years, but this can be reduced with specific Revenue approval.

0