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
Stamp Duty On Share Transfers: What You Need To Know
Stamp duty on share transfers is a tax payable to HMRC when existing shares in a UK company change hands. It applies to the buyer, not the seller, and the
Guide to Director’s Loans: Definition and Tax Rules
A ‘director’s loan’ refers to the money a director takes from the company that does not count as salary, dividends, reimbursed expenses, or a repayment of funds they have personally
Annual Accounts for a UK Limited Company Explained
Annual accounts are the statutory financial statements that every UK limited company must prepare and submit at the end of each financial year. They record your company’s financial performance and
Can I Form a Limited Company to Purchase Property?
Forming a limited company to purchase property is a common and increasingly popular method used by UK landlords and property investors. A limited company can legally buy, own, and manage
What Are Dividends?
Dividends are payments that a company makes to its shareholders from its profits. When a limited company earns more than it spends, the surplus belongs to the company. The directors
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