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Reminders for Directors

  • One person can form a Ltd company.
  • Directors are to provide service address to Companies House for public record instead of residential address.
  • Service address can be the company registered office or other address as long as mails from Companies House can reach the directors.

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UK Tax Authority - HM Revenue and Customs

  • Companies are required to register for VAT if annual sales exceeded £68,000.
  • Companies are required to register for PAYE if directors are drawing salaries and maintain payroll records.
  • HM Revenue and Customs will issue £100 penalty if companies failed to file corporation tax returns on time.
 
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1. What is the minimum wage for workers aged 18 – 21?
 
GBP 3.30 per hour
GBP 4.45 per hour
GBP 5.35 per hour
GBP 6.15 per hour
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Information for Small Businesses
2009/10 Tax Allowances 2009/10 Value Added Tax Rates Abbreviated accounts Accountants fees Accounting records Advantages of Computerised bookkeeping Annual Return Appointment of auditors Approved sponsor Auditors report Auditor’s statement Balance sheet Bookkeeping software Business structure Business taxation services Buy from EU Change of company name Change of registered office Choosing an auditor Choosing bookkeeping software Companies House Forms Company accounts Company incorporation documents Company secretary Computerised bookkeeping Continuing obligations for listed companies Corporate Governance Corporation tax Corporation tax for large companies Corporation tax rates Costly mistakes for employers Deducting PAYE Default fines Depreciation of business assets Directors Directors as agents Directors skill and care Directors’ duties Directors’ Statutory duties Disqualification of directors Doing payroll yourself Dormant accounts – DCA form Dormant company Employing people Employment rights Exemption from audit Form AA01 Formal disciplinary procedures Good Business Plan Information Technology and bookkeeping Limited liabilities Partnerships (LLP) Management of computerized bookkeeping system Managing cash and profit Managing cash in business Non-deductible input tax PLCs seeking listing in the Stock Exchange Pre-trading expenses Profit and loss account Public limited company vs private limited company Public record Re-registration of a private company to a public company Re-registration of a public company to a private company Ready Made Companies Recovering Debts Register a limited company Registered office Removal of auditors Resignation of auditors Retention of VAT records Second Hand Schemes Shortage of cash crisis Small and medium size company Special rules for public companies Starting a business Statutory books services Striking the company off the register The Board of Directors The company seal The register of charges The register of debenture holders The register of directors and secretaries The register of directors’ interests in shares and debentures The register of interests in shares in a public company The register of members TQM Trading in Shares VAT adjustment for private use VAT Cash Accounting Scheme VAT Flat rate schemes Websites for your business

 
 

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