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 […]
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 VAT and How Does It Work?
‘Value Added Tax’, better known as VAT, is a form of tax charged on the sale of most (but not all) goods and services. Understanding what VAT is and how
Guide to Late Filing Penalties for UK Limited Companies
Late filing penalties for UK limited companies affect thousands of businesses every year. Between 2024 and 2025, Companies House issued 317,985 penalties for late filing of accounts, with total fines
What Are The Annual Filing Requirements For UK Limited Companies?
As a registered limited company owner/director you must meet the annual filing requirements for both Companies House and HMRC, even if your company is small, inactive, or dormant. Even if
What Records Must a Limited Company Keep?
Running a limited company in the UK comes with a range of legal and administrative responsibilities. One of the most important is keeping up-to-date statutory records. Company law and HMRC
Can HMRC Access Your Business Bank Account?
If you are wondering if HMRC can access your business bank account, and if so, under what circumstances, this article is for you. This is a question every company director
Registering a Company While Working Full Time: Tax Considerations
If you are considering registering a company while working full-time, in addition to paying tax through PAYE with your employer, you will need to submit an HMRC self-assessment and corporation
Trivial Benefits Explained for Limited Company Directors
The term ‘trivial benefits’ is used by HMRC to describe certain small rewards received by employees and company directors that are exempt from tax and national insurance. If you give
HMRC Dormancy Letter
Easily notify HM Revenue and Customs (HMRC) that your company is dormant for Corporation Tax purposes. Use our free, professionally formatted Dormancy Letter template to quickly inform HMRC of your