How to Register for VAT
Value Added Tax (VAT) is charged in the United Kingdom on a wide range of goods and services, and VAT-registered businesses must pay it to HMRC. Not every business is […]
High-Risk Jurisdictions when Registering a UK Company
When registering a UK company, your country of residence – and in some cases your citizenship – can mean extra compliance checks under anti-money laundering rules. This page explains what
Step-by-Step Guide to Preparing Your Company’s Tax Return
If you own an actively trading limited company in the UK, you have a legal duty to prepare and submit your company’s tax return to HMRC each year. Getting it
Guide to Business Tax in the UK
Tax does not get simpler the more you earn, but it does get considerably easier to manage once you know what you are dealing with. This article runs through the
UK Dividend Tax: Rates, Allowances and How to Pay Yourself
Paying yourself in dividends remains one of the most common ways for limited company directors to take money out of their business. The tax rules are straightforward once you understand
How Much Tax Do UK Limited Companies Pay?
UK limited companies pay several different types of taxes. Corporation tax on profits is the most visible, but employers’ National Insurance, business rates, VAT and the taxes payable when profit
Everything You Need To Know About Corporation Tax In The UK
Corporation tax is one of the most significant financial obligations facing any UK limited company. Every company that trades or generates profit must deal with it, and getting to grips
What Is a Company Statement of Financial Position?
A company’s ‘statement of financial position’ is an important document that must be prepared and submitted with a company’s financial reporting; it used to be called the ‘balance sheet’. It
A Guide to Self Assessment for Limited Company Owners and Directors
‘Self assessment’ is the system HMRC uses to collect income tax from individuals whose income is not fully taxed at source (i.e. those who are self-employed). For directors and shareholders
What Is a Company’s Memorandum and Articles of Association?
Every UK limited company is formed with two key documents in place: the memorandum of association and the articles of association. One records the fact that the company was created.