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Mini Module Assessment: Starting Your Own Business

 

1. What could happen if you are late registering your self-employment?

You may have to stop trading
You may have to pay a penalty
You may not be able to start your own business

2. How long do you have to keep your records for?

Six weeks
Six months
Six years

3. What does PAYE stand for?

Pay And You Earn
Pay After You Earn
Pay As You Earn



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