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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. A petty cash book:
 
Is used only in limited companies
Is used when there is a bank overdraft
Is used for small cheque payments
Will keep down the number of entries in the general ledger.
Submit
 
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Change of registered office

 

Under the UK company law, a company must at all times have a registered office address to which all formal communications and legal notices can be sent there. Companies House and HM Revenue and Customs send all of their correspondences to registered office address only. Therefore, you must ensure that all the company registered office address is up to date and all mails can reach you.

You may change the company registered office address by submitting form 287 to Companies House within 14 days. This form can be downloaded free from our website.

You must incorporate the new registered office address on your company stationery including letterhead, websites and any formal correspondences.

It is also advisable to contact HMRC to inform them of the change of the registered office address. This is because even though the change of the registered office address has been notified to Companies House but Companies House will not inform HMRC of the change automatically, they are separate governmental bodies.

Canterbury Accountancy –Helping companies to comply with the company law.

 
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