FAQ

Limited Company

What is a Limited Company?

Can I be the Director and Shareholder of my business?

Do I have to submit my Accounts to Companies House?

What is a confirmation statement?

What is the Companies House Act 2006?

How do i find details about my company?

Corporation Tax

What is corporation tax?

When is my corporation tax payable by?

How do i pay my corporation tax and what is the payslip reference number?

What is my company UTR number?

Limited Company

What is a Limited Company?

A limited company is a separate legal entity meaning that it has its own income, expenses, assets and liabilities. Although you may own the company, also known as a shareholder, or you may run the day to day activities of a company, also known as a Director, you are not the company because your company is a separate legal entity.

Can I be the Director and Shareholder of my business?

A Director is an individual who makes runs the day to day activities and makes decisions on behalf of the company. A shareholder is normally an individual who owns the company. Many individuals of small businesses are the Director and Shareholder of their business.

Do I have to submit my Accounts to Companies House?

Your accounting period is typically 12 months long. Your Accounts need to be submitted to Companies House within 9 months after the end of your accounting period. For example, your financial accounts for the period 1st Jan 2019 to 31st Dec 2019 would need to be submitted latest by 30th Sep 2020.

What is a confirmation statement?

Every year, the Director must submit a confirmation statement to Companies House. Your confirmation statement is simply an update to Companies House on the current information it holds, i.e address, directors, shareholders. If you have had any changes then these would need to be reported on the statement.

What is the Companies House Act 2006?

Companies House Act 2006 is the legal framework in which Limited Companies must operate in the United Kingdom.

If you would like more information about a Limited Company, or would like one set up then please contact us.

Corporation Tax

What is Corporation Tax?

Corporation tax is a type of subject to company profits. The current rate of corporation tax is 19%. 

When is my Corporation Tax payable by?

Your company tax return, also known as CT600, is submitted to HMRC. The latest date you can file your company tax return is 12 months after the end of your accounting period. However, your corporation tax needs to be paid 9 months and 1 day after your accounting period. So for example, your for the accounting period 1st Jan 2019 to 31st Dec 2019, your corporation tax return must be submitted by 31st Dec 2020 and your corporation tax liability must be paid by 1st October 2020.

How do I pay my Corporation Tax and what is my payslip reference number?

HMRC will send you a letter every year by post reminding you of the dates to which your corporation tax needs to be paid by. At the bottom of the letter, you will find a 17 digit reference number, you will need this when making your payment to HMRC. Once you have this number, you can make by clicking here.

What is my Company UTR number?

Your company UTR number is a 10 digit number which is used to identify your company within the tax system. You can identify this number on most correspondence letters your company has received from HMRC. If you do not have any letters, you can request this from HMRC by calling

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