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Completing this item

Last updated 17 February 2020

Entering the STS

If you want to enter the STS and are eligible to do so, complete G, H and I item S1.

  • Print X in the YES boxes at G and H item S1.
  • Print X in the YES box at I item S1 if you are grouped with another entity for any year relevant to your calculation of STS average turnover; otherwise print X in the NO box at I item S1.

Continuing in the STS

If you want to continue in the STS and are eligible to do so, complete G, R and I item S1.

  • Print X in the YES boxes at G and R item S1.
  • Print X in the YES box at I item S1 if you are grouped with another entity for any year relevant to your calculation of STS average turnover; otherwise print X in the NO box at I item S1.

Exiting from the STS

If you do satisfy all three eligibility tests but want to exit from the STS, you need to complete S item S1.

Print X in the YES box at S item S1. Leave all other boxes blank.

If you do not satisfy all three eligibility tests you must exit from the STS by completing T item S1.

Print X in the YES box at T item S1. Leave all other boxes blank.

If you choose to leave the STS, you cannot re-enter the STS again until at least five years after the income year for which you were last an STS taxpayer.

However, if you must leave the STS because you are no longer eligible, you can become an STS taxpayer again for an income year as soon as you are eligible.

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