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.
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.
