Journey

Get approved to trade

Register your business with HMRC and, for a company, Companies House. Then pay the data protection fee, check which licences your activities need, and arrange the insurance the law requires.

Starting Updated 2 November 2026
  1. Register your business

    How you register depends on whether you are a sole trader, a partnership or a limited company.

  2. Register for PAYE and VAT if they apply

    Register as an employer before your first payday, and for VAT once your taxable turnover passes the threshold.

  3. Pay the data protection fee

    Organisations, including sole traders, that use personal information pay a yearly fee to the Information Commission unless they are exempt.

  4. Check which licences your activities need

    Selling food or alcohol, putting on entertainment, carrying waste or trading in the street all need a licence or registration.

  5. Get authorised by your sector's regulator

    Financial services, health and social care, legal services, childcare, gambling and private security each have a national regulator.

  6. Get council approvals for your premises

    Planning, building control, environmental health, licensing and business rates sit with different council teams.

  7. Arrange the insurance the law requires

    Employers' liability insurance is compulsory as soon as you become an employer.

  8. Plan your timeline

    Work back from your first trading day, starting with the applications that take longest.

Official guidance

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