Bernard Durkan (Kildare North, Fine Gael)
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150. To ask the Minister for Finance the procedure to be followed to wind up a business as a sole trader in the case of a person (details supplied) in County Kildare; and if he will make a statement on the matter. [49414/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the person concerned must prepare, or have prepared on his behalf, accounts in respect of his business for the period covering from the final date of his last set of accounts prepared to date of cessation of his business.

He should also submit a return of income (or returns of income if the final accounts are for a period greater than 12 months), for the appropriate tax year(s).

In addition the person concerned should complete and return to the Revenue Commissioners a form TRCN 1 to enable the Revenue Commissioners to cancel his registration for Income Tax. A form TRCN 1 has been sent directly to the person concerned.

In relation to the position of employees, if any, the person concerned should also make contact with the Department of Social Protection.