My client ceased trading suddenly in December 2018 due to unexpected ill health. He was applying the cash basis on his income and there was a considerable amount owing from a customer when he finished. He started to receive £25 per week In January 2019. To carry on for many years. He wants to avoid doing tax returns in the future. Can anyone advise me how to report this income for 2018/2019 and in future years?
Any advice will be much appreciated.
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