What is VAT and How Does it Work?
Value Added Tax (VAT) is a tax that is paid to HM Revenue & Customs (HMRC) on the sale of goods and services in the UK. As a business owner […]
Accounts for Companies House and accounts for HMRC: What is the Difference?
Private limited companies are required by law to provide certain items of financial information each year to Companies House and HMRC. This information includes a company’s full (‘statutory’) annual accounts
Registering for Tax After Company Formation
Registration with Companies House is just one of several steps involved in forming a new company in the UK. The next important step is to register for company and personal
How Do I Declare My Company Dormant?
Although a dormant company can be made active again in the future, it is a big step and one with significant implications. If you are considering making your company dormant
What is PAYE?
Take a look at any recent payslip and you’ll see some PAYE deductions that have been taken automatically. While everyone who is employed by a business will be subject to
What are the advantages and disadvantages of registering for VAT?
Registering for VAT sounds like a business headache, conjuring up images of complex and unending paperwork. In this article, we will look at all the pros and cons associated with
How do I get my Unique Tax Reference?
When you formed your new limited company, you would have received a company’s Unique Tax Reference (UTR) from HMRC. This reference identifies your company for tax purposes. A letter would