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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. You must issue a full VAT invoice when you sell goods or services for
 
GBP 300 and more
GBP 250 and more
GBP200 and more
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Employment rights

 

Small business employers often find it too much of a hassle staying on top of the law. It is certainly worth paying some attention on employment law particularly if you have employees or intend to hire staff.

The benefits of getting on the right side of the law are worth the effort and for the good of the business. This will not only to avoid financial penalties but also to eliminate unwelcome publicity.

Employees, whether full time or part time have their employment rights which are listed below.

  • Be paid at least the national minimum wage.
  • Work no longer than the maximum weekly working hours with breaks.
  • Entitle to equal pay for equal work
  • Entitle to minimum of four weeks’ paid holiday
  • Protection from discrimination
  • A safe working environment
  • Notice of termination of their employment ( after one month)
  • Be given a written statement of particulars of employment within the first eight weeks
  • Entitle to statutory sick pay and statutory maternity, paternity and adoption pay
  • Maternity, paternity and adoption leave
  • Parental leave and time off for family emergencies
  • Request flexible working arrangements
  • Protection from unfair dismissal (minimum one year of employment)
  • Redundancy pay with minimum of two years employment

Unfairly treated employees can take a claim against you at Employment Tribunals or under Civil law normally for compensation in excess of £25,000.

Canterbury Accountancy –Helping businesses to adopt good employers practices.

 
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London Registered Office for Ltd Companies

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