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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.
 
Business Quiz - See what your score
1. What is the current VAT registration threshold for businesses?
 
GBP 58,000
GBP 67,000
GBP 68,000
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Change of company name

 

The company can change its name by passing special resolution with majority of the shareholders vote for the change. A copy of the signed special resolution and a copy of the amended memorandum and articles must be sent to Companies House together with a fee of £10.

Should the change of company name is urgent; you may opt for the Same Day Change service for only £50. You must send the documents to Companies House before 3pm and if the Registrar accepts the documentations, they will issue the altered certificate of incorporation on the same day.

The change of name is effective from the date of the issue by the Registrar of an altered Certificate of Incorporation.

Please note that there are restrictions on use of certain words and expression in a company name. The uses of specific words require prior consent of the Secretary of State for Trade and Industry. Refer to Companies House website or the attached documents for further reference on company names.

Canterbury Accountancy - information for UK companies

 
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