I have 2 QuickFile accounts. As a sole trader and LTD. I have just moved all to LTD, deregistered VAT and self-employment. Now I am director of LTD. I understand I have to keep my QF sole trader account for 6 years. Could you advise what can I do with this account now? Can I make copy of it (last 6 years)?
Can I pay for 6 years in advance?
Kind regards
Jack
Hello Jack
The account will remain open as long as you log into it once a year (so its not flagged as inactive and deleted after 2 years).
You only need to pay for a power user subscription to access the account if there is over 1000 nominal postings in the last rolling 12 months.
As you are not processing anything on the old account there would not be anything to pay once you drop below this threshold.
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