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About us Concise Products and Services Ready Made Companies Accountants fees Companies House Forms Statutory books services Company accounts Abbreviated accounts 2009/10 Tax Allowances Business taxation services Starting a business Employing people

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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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Latest Business News : Ghosn's goal      Ofgem label shows 'green' power      January chill for housing market      Shop sales 'worst for 15 years'      BSkyB to sell most of ITV stake      

Canterbury Accountancy - UK Chartered Accountants

 

Canterbury Accountancy is a business information website providing practical solutions to entreprenuers and businesses. This website is compiled by a firm of chartered accountants registered under a company, Concise Accountancy Services Limited.

We are specialist accountants for newly start-up businesses and small companies. We provide bookkeeping, payroll processing, VAT services, accounts preparation, completion of tax returns, company secretarial and company registration services.

If you are thinking of setting up a business in the United Kingdom and you are wondering “where do I start?” you are welcome to speak to one of our accountants, they will be more than happy to help you.

Whatever business you are in, it is important that you know how to arrange your financial affairs from the beginning and record information in the correct way to comply with the trading law and regulations in the UK including HM Revenue and Customs requirements and UK Company Law if your business is a limited company.

Canterbury Accountancy - Providing practical business solutions

Latest News
BBC News | Business | UK Edition
Ghosn's goal Tue, 09 Feb 2010 00:22:41 GMT
Nissan-Renault's head plans an electric-car future.

Ofgem label shows 'green' power Tue, 09 Feb 2010 00:03:04 GMT
The power regulator, Ofgem, is bringing in a new scheme that forces supplier to prove they are cutting emissions.

January chill for housing market Mon, 08 Feb 2010 23:51:36 GMT
Activity in the UK housing market was frozen by the snowy weather although prices continued to rise, surveyors say.

Shop sales 'worst for 15 years' Mon, 08 Feb 2010 23:35:09 GMT
UK retail sales described as 'awful' as icy weather and the unsteady economy keep shoppers at home.

BSkyB to sell most of ITV stake Mon, 08 Feb 2010 22:39:23 GMT
The pay-TV group BSkyB has given up its court fight over ITV and has cut its stake to meet competition rules.

 
 
 
 

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