What if you don’t receive a ‘Notice to deliver a Company Tax Return’ from HMRC?

You still must tell HMRC your company is liable for Corporation Tax. You must do this within 12 months of the end of your Corporation Tax accounting period.If you don’t, your company or organisation may be charged a penalty. HMRC calls this a ‘failure to notify’ penalty.

When is the deadline for filing the first account?

The first account must be filed in 21 months after registration with Companies House.

What are the penalties for keeping inadequate business records?

HMRC may charge a penalty of up to £3,000 per tax year for a failure to keep records or for keeping inadequate records.

How many types of primary business Tax in UK ?

Income Tax National Insurance Corporation Tax Capital Gains Tax VATRead more: Difference between LLP and private limited How to open a limited company in UK?

What is a dormant company?

A company or association may be ‘dormant’ if it’s not doing business (‘trading’) and doesn’t have any other income, for example, investments.

Do overseas companies need to send accounting documents to Companies House in UK after registration?

In most cases, overseas companies are required to send accounting documents to Companies House in UK. The accounting documents an overseas company delivers will depend on the following circumstances,

The company is required to prepare and disclose accounting documents under parent law (the law of the country in which the company is incorporated)
If it is required to prepare and disclose accounting documents under parent law is it an EEA company. An EEA company is an overseas company governed by the law of a country or territory in the European Economic Area (EEA)