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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.

HM_Revenue_and_Customs

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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International Business Information 2009

 

Canterbury London Accountants have tabulated the information below  for international businesses and UK businesses dealing with overseas customers or suppliers. It is important to familiarise yourself with different time zones of different countries so that you would not end up calling people in other country after their business hours. This information below will help you to plan things ahead to make good use of expensive time and save money on telecommunications.

Country

Abbr.

GMT

Population (million)

Capital

Population (million)

Country code

Currency

Algeria

DZ

+1

33

Algiers

1.6

213

Dinar

Argentina

RA

-3

40

Buenos Aires

2.8

54

Peso

Australia

AUS

+10

21

Canberra

0.33

61

A. Dollar

Austria

A

+8

8

Vienna

1.6

43

euro

Bangladesh

BD

+6

149

Dhaka

5.7

880

taka

Belarus

BY

+2

10

Minsk

1.8

375

ruble

Belgium

B

+1

10

Brussels

0.15

32

euro

Bolivia

BOL

-4

9

La Paz

0.8

591

boliviano

Bosnia & Herz

BIH

+1

4

Sarajevo

0.41

387

mark

Brazil

BR

-3

187

Brasilia

2.1

55

real

Bulgaria

BG

+2

8

Sofia

1.1

359

lev

Canada

CDN

-5

33

Ottawa

0.78

1

C. Dollar

Chile

RCH

-4

16

Santiago

4.7

56

peso

China

VRC

+8

1314

Beijing

7.5

86

yuan

Colombia

CO

-5

42

Bogota

6.9

57

Peso

Croatia

HR

+1

5

Zagreb

0.7

385

kuna

Cuba

C

+5

12

Havana

2.3

53

peso

Czech Republic

CZ

+1

10

Prague

1.2

420

Koruna

Denmark

DK

+1

5

Copenhagen

0.6

45

Krone

Ecuador

EC

-5

13

Quito

1.5

593

U.S. Dollar

Egypt

ET

+2

79

Cairo

7.7

20

E. Pound

Ethiopia

ETH

+3

75

Addis Ababa

2.8

251

birr

Finland

FIN

+2

5

Helsinki

0.6

358

euro

France

F

+1

64

Paris

2.2

33

euro

Germany

D

+1

82

Berlin

3.4

49

euro

Ghana

GH

GMT

21

Accra

1.6

233

cedi

Greece

GR

+2

11

Athens

0.8

30

euro

Hong Kong

HK

+8

7

Victoria

0.7

852

H.K. Dollar

Hungary

H

+1

10

Budapest

1.8

36

forint

India

IND

+5.3

1119

New Delhi

0.3

91

rupee

Indonesia

RI

+7

233

Jakarta

8.4

62

rupiah

Iran

IR

+3.3

70

Tehran

7.1

98

rial

Iraq

IRQ

+3

28

Baghdad

5.5

964

dinar

Ireland

IRL

GMT

4

Dublin

0.5

353

euro

Isreal

ISR

+2

7

Tel Aviv

0.71

972

Shekel

Italy

I

+1

58

Rome

2.6

39

euro

Japan

J

+9

127

Tokyo

8.1

81

yen

Kenya

EAK

+3

34

Nairobi

2.2

254

shiling

Lithuania

LT

+2

3

Vilnius

0.6

370

litas

Luxembourg

L

+1

0.5

Luxembourg

0.08

352

euro

Madagascar

RM

+3

18

Antananarivo

1.7

261

ariary

Malaysia

MAL

+8

25

Kuala Lumpur

1.4

60

ringgit

Mexico

MEX

-6

108

Mexico city

8.7

52

peso

Morocco

MA

GMT

31

Rabat

0.7

212

dirham

Netherlands

NL

+1

16

Amsterdam

0.8

31

euro

New Zealand

NZ

+12

4

Wellington

0.17

64

N.Z. Dollar

Nigeria

WAN

+1

132

Abuja

0.5

234

naira

Norway

N

+1

5

Oslo

0.6

47

krone

Pakistan

PK

+5

159

Islamabad

0.6

92

rupee

Peru

PE

-5

27

Lima

6.5

51

nuevo sol

Philippines

RP

+8

90

Manila

1.6

63

peso

Poland

PL

+1

38

Warsaw

1.7

48

zioty

Potugal

P

GMT

11

Lisbon

0.6

351

euro

Romania

RO

+2

21

Bucharest

2

40

leu

Russia

RUS

+3

142

Moscow

11

7

ruble

Saudi Arabia

KSA

+3

25

Riyadh

4.1

966

riyal

Serbia

SR

+1

10

Belgrade

1.3

381

dinar

Singapore

SGP

+8

4

Singapore

3.3

65

S dollar

Slovakia

SK

+1

5

Bratislava

0.5

421

koruna

South Africa

ZA

+2

47

Pretoria

0.7

27

rand

South Korea

ROK

+9

49

Seoul

9.9

82

won

Spain

E

+1

43

Madrid

3.1

34

euro

Sri Lanka

CL

+5.3

20

Colombo

0.12

94

rupee

Sudan

SUD

+3

36

Khartoum

1

249

dinarS

Sweden

S

+1

9

Stockholm

0.8

46

krona

Switzerland

CH

+1

7

Bern

0.12

41

S. Franc

Taiwan

RC

+8

23

Taipei

2.7

886

T. Dollar

Tanzania

EAT

+3

38

Dodoma

0.15

255

shiling

Thailand

THA

+7

65

Bangkok

6.4

66

baht

Tunisia

TN

+1

10

Tunis

0.7

216

dinar

Turkey

TR

+2

70

Ankara

3.3

90

lira

Ukraine

UA

+2

46

Kiev

2.7

380

hryvnia

United Kingdom

UK

GMT

61

London

7.4

44

pound

Uruguay

ROU

-3

3

Montevideo

1.4

598

peso

USA

USA

-5

300

Washington DC

0.6

1

dollar

Venezuela

YV

-4

26

Caracas

1.9

58

bolivar

Vietnam

VN

+7

85

Hanoi

2.7

84

dong

Zimbabwe

ZW

+2

13

Harare

1.5

263

zim dollar

 
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