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About Us

Frequently Asked Questions

Can I manage my company on PAC website?

Practical Advice Consulting Limited (PAC) offers a simple online solution to managing your companies with our free Online Company Manager. Whether you are forming a new company through our website or importing existing companies, you can use our sophisticated online software facility to maintain and update all of your company details.

Do I have a free access to the company manager?

Our Online Company Manager service is available, completely free of charge, to all limited companies. Meaning you don’t even have to be a PAC client to benefit from this facility. Simply register a new account, then import as many companies as you like!

What can you use the company manager for?

Access your full company details easily at any time. Set up a brand new company using the details already stored on our system. Manage and amend your company information as required by updating officer details. Easily file annual returns with Companies House. Access, download and print your company documents at any time. Access you Company Registration Number (CRN). Purchase additional services like Registered Office, Mail-forwarding and Nominee services. Renew services, view payment history and set up ongoing payment authorisation.

How to login as an existing customer

PAC clients can easily access the Online Company Manager by clicking the ‘Client Login’ button, which can be found at the top right of any page on our website. You can then enter your email address and the account password that you received by email upon first registering.

I’m a new customer; how do I log in?

If you are new to PAC you can still quickly and easily access the Online Company Manager. Simply click the ‘Client Login’ button at the top right hand of the page, and then select the ‘Create Account’ option. Once you have provided some basic details and selected a username and password, you will be able to access the Online Company Manager and can begin importing your companies!

Pre-registration information

Registered Office Address

The registered office is the official address of your company. This will be the address used for any official mail from Companies House and HMRC. It is important to note that your registered office must be a physical address in the UK (it cannot be a PO Box). Your home address can be used as your registered address.

Director Details

  • Full Name
  • Date of Birth (Minimum 16 years of age) 
  • Occupation
  • Nationality
  • Residential Address
  • Service Address (residential or other address) 
  • Three Security Details (these details are used as an online signature);

First three letters of mother’s maiden name

First three letters of father’s forename

First three letters of eye colour

Shareholder Details

  • Full Name
  • Service Address (residential or other address)
  • Three Security Details (these details are used as an online signature)
  • First three letters of mother’s maiden name
  • First three letters of father’s forename
  • First three letters of eye colour

Secretary Details(if applicable)

  • Full Name
  • Date of Birth (Minimum 16 years of age)
  • Occupation
  • Nationality
  • Residential Address
  • Service Address (residential or other address)
  • Three Security Details (these details are used as an online signature)
  • First three letters of mother’s maiden name
  • First three letters of father’s forename
  • First three letters of eye colour
  • Company Formation Process

1. Choose your company name

The first step to forming your new company is to check if your desired company name is available. You can do this by typing the name into our company name search tool that you can find on our homepage. If the name you have chosen is already taken then you can modify it and continue using the search tool until you find a good name that fits and is available for use.

When choosing a company name we would also recommend checking if the corresponding domain name is available for a company website. It is important that your website domain and company name match, as this will make it much easier for potential customers to find your business online. PAC provides domain name registration services if you require it.

Select a package

PAC offers a range of company formation packages designed to around the needs of difference customers. Take a look at our comparison packages to find out what is included in each of our 5 standard packages for companies limited by shares and select the package which best suits your requirements.

We also have specially tailored packages designed for Limited Liability Partnerships and Limited by Guarantee companies.

Additional services

After selecting an appropriate formation package you will have the option to add some additional services to your company formation. These services are suitable for all types of companies and LLPs.

If your chosen package does not already include address services, such as a Registered Office Address or Mail Forwarding Address, these can be added individually. You can also add a Director's Service Address.

Other popular items on our additional services list include a Free Business Bank Account, VAT & PAYE registration, Pre-Submission Review, Company Seal, Accountancy services, Cloud accounting software.

Process card payment

Once you have selected all of the services you require in addition to your package, it is time to process your payment. You can process a credit or debit card payment through our secure payment page. You will receive an email confirming your payment along with a receipted invoice and details on how to login to our online company manager facility.

Provide your company details

Once your payment has been processed you can now complete the application form, which will take no more than 10 minutes. This is where you provide the details of your company, including the registered office address, company director and shareholder information, and share capital. You will need to have some information to hand before beginning this process.

Within 3 hours Companies House should approve your company, and we will send digital (PDF) copies of your new company documents by email. Any printed and bound company documents included in your package will be sent by first class post within 24 hours.

What is a limited company?

A limited company is a business that has been incorporated with the UK Registrar of Companies (Companies House) to exist as a distinct legal entity, separate from the owners of the business. A limited company can be limited by shares or limited by guarantee. The personal finances of limited company owners are protected by ‘limited liability’, which means they are not responsible for paying for a company’s debts above and beyond what they have invested in the business or guaranteed to pay.

The most popular type of company is a private company limited by shares. This type of company is owned by shareholders and set up with a view to making a profit that can be distributed amongst the owners. The liability of shareholders is limited to the value of their shares.

A private company limited by guarantee is a popular business structure for non-profit organisations and charities. This type of company is owned by guarantors - there are no shareholders or shares in a company limited by guarantee. The liability of guarantors is limited to the amount they ‘guarantee’ to pay toward a company’s debts.

What is a Limited Liability Partnership?

A Limited Liability Partnership or “LLP’ is a business structure somewhere in between a limited company and a traditional partnership. LLPs operate with the flexibility of a normal business partnership but they are incorporated with Companies House, and LLP members (partners) are protected by limited liability. This is a popular business structure for professionals such as solicitors, accountants, doctors and dentists.

What is Companies House?

Companies House is the UK Registrar of Companies and an Executive Agency of the Department for Business, Innovation and Skills. As a registry of corporate information, Companies House is responsible for incorporating and dissolving companies, gathering and storing information about companies, and making this information available to the public.

Any company or LLP that wishes to operate in the UK must be registered with Companies House in one of the following jurisdictions: England and Wales, Scotland or Northern Ireland. Companies House must be notified of any changes to a company’s details to ensure the accuracy of the corporate information on public record.

Why would I register a limited company rather than a sole trader business?

A limited company differs from a sole trader business in a number of ways. By registering a limited company, you can protect your personal finances from being used to cover any business debts – this is not possible when running a business as a sole trader because there is no legal distinction between business finances and personal finances.

A limited company can also boost the status of a business and create a professional, corporate image. This is very appealing to prospective clients, suppliers and lenders.

There are also tax advantages to running a business as a limited company. Sole traders pay Income Tax of varying rates on all profits made; limited companies pay Corporation Tax at rates lower than the higher rates of Income Tax, though there can be some Income Tax due on Directors and Shareholders depending on their levels of remuneration. Limited companies also present far greater tax planning opportunities than sole traders.

How do I register a limited company or LLP?

It’s a very simple process. The quickest, easiest and most popular way to incorporate a new company or LLP is by using the online services of a formation agent such as PAC where your company can be registered within 3 hours. You can register with Companies House using their online or postal forms but this will take considerably longer.

What types of companies can I register through PAC?

As a Companies House E-Filing partner, we are able to offer online formation packages for private companies limited by shares, private companies limited by guarantee and Limited Liability Partnerships. The entire process is carried out online and the application form should take only a matter of minutes to complete. We will submit your application and any additional documentation electronically to Companies House and your new company or LLP should be registered and ready to trade within 3 hours. There is no need to sign any paper forms or send anything by post.

What is the information required to register a new company or Limited Liability Partnership (LLP)?

Companies limited by shares

Companies limited by shares requires at least one shareholder and one director. Although these roles can be filled by one individual, or multiple individuals and/or corporate bodies. They also require a registered office address and a service address for each shareholder and director. Also, a company requires a name that has not been registered by any other company, and finally at least one share must be issued to a shareholder to start the company.

Companies limited by guarantee

A company limited by guarantee requires at least one director and one guarantor. One individual may assume both roles, or your company can have multiple directors and guarantors. They also require a registered office address and a service address for each director and guarantor, and company name that is not currently registered.

Limited Liability Partnership

LLPs require a minimum of two members (usually called Partners), a registered office address, a service address for each member, and an LLP name that has not been registered by another company or LLP.

How do I choose a name for my company or LLP?

The name of your company or LLP cannot be the ‘same as’ or ‘too similar’ to a name that is already in use, and it cannot be offensive or misleading in any way.

PAC provides an online name-check tool that you can use to check the availability of your desired company or LLP name. Simply type in the name you wish to use and our advanced name-checker will let you know if the name is available and permitted for use. If the name is unavailable, amend and re-enter until you find a name you can use.

Please note that certain ‘sensitive’ words and phrases require permission to be included in a company’s or LLP’s name, so you may have to contact a regulatory body or the Secretary of State at Companies House if your name contains any such words. All private limited companies are legally required to include ‘Limited’ or “LTD” in their company name.

What is my responsibility as a limited company director?

Directors are appointed by company shareholders to run and manage the day-to-day activities of a business.

Who is eligible to be a company director?

A director can be a person or a corporate body. All natural (human) directors must meet the following criteria to be appointed:

Must be at least 16 years old; Cannot be an un-discharged bankrupt; Cannot be the company auditor; Cannot be on the Disqualified Directors Register.

What is the minimum number of directors to register a limited company?

Companies House requires all limited companies to have at least one director. There is no upper limit to the number of directors appointed to a company.

Company shareholders are often directors. In many cases, a new company will have just one person who acts as the sole director and shareholder.

What is the difference between a director and a shareholder?

No, a shareholder owns a company and a director manages a company. However, it is often the case that directors will also be shareholders and vice versa, particularly in small companies and start-ups.

Can I be the sole director of my own company?

Yes, provided you meet the criteria for being a company director.

What is a corporate director?

A corporate director is the term used for a company, firm or organisation appointed as the director of another company. A company can have as many corporate directors as it wishes but there must always be at least one natural (human) director at all times.

Are company directors required to live in the UK?

Directors of UK companies can live anywhere in the world and they are not required to be UK nationals.

What are the statutory duties of company directors?

Limited company directors are required to run a company in accordance with the Companies Act and their company’s Articles of Association. They are placed in a position of trust and expected to promote the success of the company and make decisions for the benefit of the company alone. Directors are legally responsible for ensuring the Annual Returns, annual accounts and Company Tax Returns are filed accurately and on time. They are also responsible for maintaining accurate company records with Companies House.

Can a director be appointed or removed after registration with Companies House?

You can remove a director from your company and/or appoint a new director at any time you wish, as long as any removal or appointment follows the correct procedure, and is in accordance with the law and your company’s Articles of Association.

What are shares?

A share is a portion of ownership of a company limited by shares. The owner of a share is called a shareholder. A company will issue a certain number and value of shares, and each shareholder’s percentage of ownership is determined by the number and value of shares they each take.

For example – If a company issues 1 share, that share represents 100% ownership of the company; two shares of equal value are each worth 50% of a company; 10 shares of equal value each represent 10% ownership of a company; 100 shares of equal value each represents 1% ownership of a company.

How many shares can a company issue?

A company must issue at least one share. There is no limit to the number of shares it can issue at the time of formation or any time thereafter.

Can I issue different types of shares?

You can create and issue any type and value of share you wish. Most companies issue ‘Ordinary’ shares, which are all of equal value, providing shareholders with equal voting rights and equal rights to profits. Alternatively, a company can issue multiple types (classes) and values of shares that provide shareholders with different voting rights and rights to profits.

How much is a share worth?

The ‘nominal’ value of a share is the amount a shareholder has paid or is due to pay for a share, which is normally £1. The nominal value of each share represents the amount a shareholder is liable to pay toward a company’s debts or if the company is dissolved.

The market value of a share is the amount the share is worth when it is sold. This will vary from the nominal value.

Can PAC set up a company with multiple share classes for me?

We provide a specialist Professionals’ Package for anyone wishing to register a company limited by shares with multiple share classes. This package will also allow you to upload a bespoke Memorandum and Articles of Association. Incorporation with Companies House should take no more than 3 hours and your new company will be ready to trade on the same day.

Who is a shareholder?

This is the name given to any person or corporate body that owns ‘shares’ in a company limited by shares. As a shareholder, a person or corporate body owns part of a company in relation to the proportion of their shares – a company can have just one shareholder or many shareholders. Each shareholder is entitled to receive a portion of company profits in relation to the number and value of their shares.

Can anyone be a shareholder?

Yes, any person or corporate body (company, firm, organisation etc.) can be a shareholder of a private company limited by shares.

What is the minimum number of shareholders required to register a limited company?

Companies House requires at least one shareholder to incorporate a private company limited by shares. There is no maximum number of shareholders a company can have.

What are the roles of a shareholder?

Shareholders own shares in a company, and the value of their shares are the amount they are liable to pay toward a company’s debts, if required.

Shareholders receive a portion of company profits in relation to the number and value of their shares.

Shareholders are not responsible for the day-to-day activities of a company, unless they are also directors - shareholders will only make decisions about significant matters such as changing the name of a company, removing/appointing a director, changing directors’ powers and altering the Articles of Association.

What is the role of a company secretary?

The purpose and role of a company secretary is to reduce the workload of the company directors by taking on some of their statutory duties and responsibilities – completing and filing Annual Returns, annual accounts and Company Tax Returns; maintaining company registers; reporting changes to Companies House; arranging Board Meetings and General Meetings; signing contracts and documents of behalf of directors.

Can anyone be a company secretary?

A company secretary can be any person or corporate body, provided they are not also the company auditor or an un-discharged bankrupt.

What qualifications are required to be a company secretary?

There are no formal qualifications required of secretaries of private limited companies but the role does require a great deal of skill, knowledge and competence; therefore, any secretary appointed must be fully able to carry out the responsibilities and duties effectively.

Am I legally required to appoint a company secretary?

No, the appointment of a company secretary is completely optional for any private limited company formed after 6th April 2008, unless the company’s Articles of Association states otherwise.

Can I appoint or remove a secretary after incorporation?

You can appoint and/or remove a secretary at any time after company formation. Any such changes must be reported to Companies House.

Shareholders receive a portion of company profits in relation to the number and value of their shares.

What is a registered office address?

A registered office is the official address of a company or LLP; All limited companies and LLPs are legally required to have a registered. All statutory mail from Companies House and HMRC will be delivered to this address; A registered office must be in the same country in which a company or LLP is registered; It must be a full physical postal address – it cannot be a PO Box Number; All registered office addresses are displayed on public record; A registered office can be a residential address – most people prefer to use an alternate address to protect the privacy of their home; A company or LLP does not have to trade from its registered office address – it is for official mailing purposes only; Companies House must be informed if a company or LLP changes its registered office address; A company or LLP must display its registered office details on all stationery and online material.

What is a Director's Service Address?

  • A service address is an official correspondence address for individual company directors and LLP members;
  • All statutory mail from Companies House and HMRC will be delivered to each individual at their service address;
  • Service addresses will be displayed on public record;
  • A service address must be a full physical postal address;
  • It can be located anywhere in the world – it does not have to be in the UK or in the same country as the registered office address;
  • It can be a residential address – most people prefer to protect the privacy of their home by using an alternate address rather than a residential address;
  • It can be the same as a company’s or LLP’s registered office address;
  • Companies House must be notified of any changes to an individual’s service address;
  • Individuals are not required to work at their service address – it is for official mailing purposes only.

Will my residential address be made available to the public?

Directors, shareholders, secretaries and LLP members are required to provide Companies House with their residential address at the time of company or LLP formation. Your home address will only be displayed on public record if you choose to use it as a registered office or service address; otherwise, Companies House will simply keep this address private in their internal records and display the other address which you have chosen to use as your service address.

What is a Mail Forwarding Address?

A mail forwarding address is a business address where you can have all other business-related mail delivered. You would give this address to clients, suppliers, lenders and other third parties as a correspondence address for your company or LLP.

  • A mail forwarding address is not displayed on public record;
  • It can be an address anywhere in the world;
  • You can use the same address as your registered office or service address;
  • You can use your home address as a mail forwarding address – most people prefer to use an alternate address rather than supplying details of their home address to various people and organisations.

Are address services available from PAC?

We can provide a prestigious address in West London that can be used as a Registered Office Address, a Service Address and a Mail Forwarding Address.

Registered Office Address

Our London Registered Office service is suitable for all companies and LLP registered in England and Wales. All statutory mail from Companies House and HMRC can be delivered to this address and we will forward it to you at any address of your choice. This service can be added to any of our formation packages or purchased separately for an existing company or LLP registered in England and Wales.

Director's Service Address

Our London Service Address is suitable for all directors and LLP members. All statutory mail delivered to this address will be forwarded to the individual at an alternate address anywhere in the world. Our service address can be added to any of our formation packages or purchased separately for existing companies or LLPs registered in England and Wales, Scotland, and Northern Ireland. This is not available to shareholders or secretaries as their addresses do not appear on public record.

Mail Forwarding Address

Our London Mail Forwarding Address is suitable for companies and LLPs registered in England and Wales, Scotland, and Northern Ireland. All business-related mail received at this address would be forwarded to you at an alternate address of your choice. This service can be added to any of our formation packages or purchased separately for an existing company or LLP. This service does not include the forwarding of statutory mail, which is covered by the Registered Office and Service Address.

When can my new company begin trading?

As soon as Companies House approves your application - if you incorporate your company through PAC, the registration process is typically finalised within 3 hours. Your new company is ready to trade after this time

Do I have to start trading immediately?

No, you can begin trading whenever you wish. When you do begin trading, you must register with HMRC for Corporation Tax within 3 months.

How do I find out if my registration has been approved?

If you register your company through PAC, we will contact you as soon as Companies House approves your application. You can also monitor the progress of your application using our Online Company Manger.

When will I receive my company documents?

We will send digital (PDF) copies of your new documents to your email address as soon as Companies House approves your application. If your formation package includes printed and bound company documents, we will post these out to you within 24 hours of registration. Company documents include a Certificate of Incorporation, a Memorandum and Articles of Association, and Share Certificates (if your company is limited by shares).

What should I do with my company documents?

Company documents must be kept safe at all times – back up any digital copies and store paper documents at your registered office address. Company directors are responsible for ensuring all company documents are maintained in a secure location.

Where can I find my Company Registration Number?

Your unique 8-digit company registration number (CRN) is displayed on your Certificate of Incorporation. You will also be able to find it on the public register of companies next to your company name, and on any official documentation you receive from Companies House.

Where should I display my Company Registration Number?

It should be displayed on all forms of company stationery, websites and other online material.

Can I change my company name after incorporation?

Yes, you can change the name of your company at any time. The same rules apply to the original name you choose – it must not be the ‘same as’ or ‘too similar’ to an existing registered company name. You can change your company name by special resolution of the members. Depending on the Articles of Association, the directors of a company may also change the name of a company.

Companies House must be notified immediately if you make any such changes and a Certificate of Name Change will be issued. You must wait until Companies House approves your new name before you can use it and you must ensure all company signs, stationery and online material is changed accordingly.

Can I change my registered office?

Yes, you can change your registered office address at any time but it must remain in the same country. Companies House should be notified of any such changes and the public register will be updated accordingly. You can change your registered office and inform Companies House free of charge using PAC online Company Manager. You should also ensure all stationery and online material displays your new registered office address.

Can I change my service address?

Yes, you can change your service address at any time. This address can be any full postal address anywhere in the world. Companies House must be informed of any such changes and the public register will be updated accordingly. You can change your service address and notify Companies House free of charge using PAC online Company Manager.

Can I appoint a new director after incorporation?

You can appoint a new director at any time you wish. You must inform Companies House and update your Company Register will the new director’s details. PAC online Company Manager can be used to notify Companies House free of charge.

Can I issue, transfer or sell shares after formation?

You can issue more shares by increasing the share capital or sell/transfer existing shares at any time after incorporation. The company directors are responsible for such matters.

Do I have to inform Companies House when changes are made to my company?

Yes, you must inform Companies House of all significant changes to your company and its officers (directors and secretaries) and members (shareholders/guarantors), including:

Change of registered office; Change of service address; Change of company name; Changes to members’ details; Changes to officers’ details; Appointment/removal of a director or secretary; Changes to share capital; Changes to the Articles of Association.

How do I notify Companies House of changes to my company?

You can inform Companies House about changes to your company using PAC online Company Manager, with the exception of shareholders’ details and the issue/transfer/sale of shares – changes to any of these details must be included in your next Annual Return.

How do I change shareholders' details?

You can change shareholder’s details by filing an Annual Return – you can either wait until your next Annual Return is due or you can file an early return whenever you wish.

Does it cost anything to change my company details?

Changes made via PAC online Company Manager are free of charge. With the exception of changing your company name, Companies House will not charge any fees for the majority of changes.

Where should I display my company name?

With the exception of dormant companies, you must display your company name at all times in the following places:

  • Your registered office address;
  • Any inspection address;
  • Any place of business operation (unless this is a residential address);
  • Company documents and correspondence – electronic and hard copy;
  • Websites and other online material;
  • Any form of publicity.

Do I have to display my registered office address anywhere?

Yes, it should be displayed on all forms of company stationery, websites and online material. You should also include the country of registration alongside your registered office address – England and Wales, Scotland, or Northern Ireland.

What information do I have to send Companies House each year?

You must sent annual statutory accounts (financial reports) and an Annual Return (a snapshot of company details and information about shares) to Companies House every year by the deadline you are given.

Do I have to register my company for any kind of tax?

If your company is actively trading, you must register with HMRC for Corporation Tax within 3 months of beginning any business activity. You may also have to register for VAT if your company generates over £81,000 of VAT taxable turnover in one year, or it is likely to exceed this threshold within the next 30 days alone.

What information do I have to send to HMRC each year?

If your company is registered for Corporation Tax, you will be required to send Company Tax Returns to HMRC and pay any Corporation Tax that is owed. You must also include a full set of annual accounts with your tax returns.

Do I need to open a bank account for my company?

Legally, no – but you really should have a separate business bank account for all company finances. If you use your personal account, it will make it difficult to distinguish company money from personal money.

Who do I inform if my company is dormant (not trading)?

If your company is not trading or conducting any kind of activity that generates an income, you should contact your local Corporation Tax Office in writing to state that your company is dormant. You can find the relevant address using HMRC’s Tax Office locator or referring to any official correspondence received from HMRC.

If your company was previously trading, you will receive a ‘Notice to deliver a Company Tax Return’ after notifying your local tax office that your company is now dormant. You must complete a tax return and pay any Corporation Tax owed for the period of activity.

What is an Annual Return?

An annual return is a report containing accurate and up-to-date information about a limited company on a certain date. The purpose of an annual return is to confirm or update registered company details with Companies House. The public register of companies will be amended to reflect any new information supplied in the annual return.

What information is required in an Annual Return?

Annual returns will include information about a company’s registered office address, directors, secretaries, shareholders and share capital.

How often do I have to file an Annual Return?

At least one annual return should be filed each year.

When is my Annual Return due?

Annual returns are due within 28 days of the anniversary of incorporation or within 28 days of the anniversary of the previous annual return. The date at which the information in your return should be accurate is called the ‘made-up-to’ date because the annual return is made up to that date.

What is the made-up-to date?

This is the date at which a company’s Annual Returns must be accurate.

Who is responsible for completing and filing Annual Returns?

Company directors are responsible for completing and submitting accurate annual returns on time to Companies House. If a company has a secretary, the director may delegate this task to him or her but, ultimately, the director is still legally responsible.

What happens if I forget to file an Annual Return?

Companies House imposes no penalties for filing late annual returns but the longer you leave it, the more serious the situation could become. It is a criminal offence if you simply fail to deliver an annual return at all – your company could be prosecuted, a director could be held personally liable and removed from office and, in severe cases, your company could be struck off the register.

Can I file an early Annual Return?

Yes, you can file an annual return any time before its due date, provided the information is accurate and up to date at the made-up-to date. Companies will sometimes file an early return if there has been a change to a shareholder’s details or share capital.

How many Annual Returns can I file each year?

You can file as many annual returns as you like, provided you leave at least 24 hours in between each one. You must wait at least 48 hours after incorporation before you can file your first annual return.

Is the Annual Return the same as annual accounts?

No, they are completely separate – annual accounts report on the financial activity of a company during its most recent financial year. Annual accounts, or ‘statutory’ accounts, should be filed every year with Companies House, and with HMRC as part of the Company Tax Return.

Where do I send my Annual Returns?

Annual Returns must be delivered to Companies House, either online or by post.

How do I submit an Annual Return?

You can file annual returns electronically using PAC online Company Manager. Alternatively, we will be happy to complete and file annual returns on your behalf as an additional service.

What is a Company Tax Return?

A company tax return details the financial activity of a company during its Corporation Tax accounting period. It is used to show how much taxable profit (if any) a company has made over a period of time, and how much Corporation Tax it is due on these profits.

What information must be included in a Company Tax Return?

It should contain details (as part of the CT600) stating how much Corporation Tax your company owes, a full set of annual (statutory) accounts, and a clear illustration of all calculations and/or computations used to reach the final figures in the return.

When do I have to file a Company Tax Return?

Company Tax Returns must be delivered to HMRC within 12 months of the end of a company’s accounting year-end.

What period of time does a Company Tax Return cover?

Your tax return will begin as soon as your company starts trading. It will usually cover a 12-month period that aligns with your company’s annual (statutory) accounts. A tax return cannot cover a period in excess of 12 months but it can cover any length of time shorter than 12 months. If your annual accounts cover more than 12 months, you must submit two tax returns – one for 12 months; the other for the additional period of time.

How many tax returns do I have to file each year?

Usually you will only have to file one return every year, unless your annual accounts spans a period of more than 12 months. In such cases, you will have to file two tax returns – one covering the first 12-month period and a second return for the remaining period of time.

Can I complete my own Company Tax Returns?

Yes, if you feel able to do so, you may complete your own Company Tax Returns. Preparing tax return, however, requires certain level of accounting knowledge.

Can I use an accountant?

You may use an accountant if you wish. Tax Returns can be complex, particularly if you have no prior experience in this area so it might be a good idea to find a reputable accountant to help you. Our accountants are able to help you in this regard. We will duly inform HMRC of our appointment as your accountant once you’ve agreed for us to act on your behalf.

Who is responsible for filing Company Tax Returns?

Directors are legally responsible for ensuring tax returns are completed accurately and filed on time, even if an accountant, agent or tax advisor is used.

Who do I send Company Tax Returns to?

You must file Company Tax Returns with Her Majesty’s Revenues and Customs (HMRC). This return must be filed online.

How do I file a Tax Return?

If you are not using an agent, accountant or tax advisor to complete and file tax returns on your behalf, you must enrol for Corporation tax online and file your company tax returns electronically with HMRC.

Do dormant companies require filing Company Tax Returns?

If a company has been dormant from one tax period to the next, no tax return is required. If a company has been active for some of its tax period, it must file a tax return to cover that period of activity. If you plan to keep your company dormant, you should inform HMRC in writing and they will not request tax returns for your company.

What is corporation tax?

Corporation tax is money that limited companies must pay to HMRC on all taxable trading profits.

Who must pay Corporation Tax?

All limited companies and certain organisations – clubs, charities, associations, societies, co-operatives – trading in the UK must pay Corporation Tax on all taxable income.

How do I register my company for Corporation Tax?

You must register your company for corporation tax online on HMRC’s website. This must be done within 3 months of carrying out any business activity. Generally, once your company formation is complete, HMRC automatically enrolls your company for corporation tax. A letter from HMRC will advise you.

Do I have to tell HMRC my company exists?

No, Companies House will inform HMRC on your behalf directly after incorporation. You will then receive a letter from HMRC detailing your requirements and obligations.

What information does HMRC require about my company?

A company that is trading and liable for Corporation Tax must provide HMRC with the following information within 3 months of starting any business activity:

Registered company name; Company Registration Number (CRN); The date it began trading; Its main business activities; The main address where it conducts its business activities; The made-up-to date for its annual accounts.

What rate of corporation tax is applicable to my company?

At present, there are two corporation tax rates – a lower ‘small profits’ rate of 20% for income up to £300,000; and an upper ‘main’ rate of 21% for profits above £1,500,000. This 21% rate will drop to 20% from April 2015 so there will only be one rate of Corporation Tax thereafter.

What is a corporation tax accounting period?

This is normally a 12-month period that will usually align with the period of time covered by a company’s annual (statutory) accounts. This accounting period can be shorter or longer than 12 months. The amount of tax your company will pay depends on the amount of profit generated during its corporation tax accounting period.

Who do I pay corporation tax to?

You must pay the tax due to HMRC by the deadline – 9 months and 1 day after the end of your company’s corporation tax accounting period.

How do I pay Corporation Tax?

Corporation Tax must be paid online.

When is corporation tax due?

You must pay this tax within 9 months and 1 day of the end of your company’s corporation tax accounting period.

Do I have to work out how much corporation tax my company owes?

If you choose to do your company’s tax returns yourself, you will have to work out how much corporation tax your company owes. If you use an accountant, agent or tax adviser, they will likely advise you of the amount of tax due.

Do dormant companies have to pay Corporation Tax?

If a company has been dormant from one accounting period to the next, it will not have to pay any corporation tax. If a company became dormant after a period of activity, it will have to pay corporation tax on any taxable profit made before becoming dormant.

What is my company's Unique Taxpayer Reference (UTR)?

A UTR is a 10-digit number that is used to identify a specific company. All limited companies are given a UTR by HMRC soon after incorporation. You will find it on any correspondence from HMRC and you must use it when you file company tax returns and pay corporation tax.

What is value added tax (VAT)?

VAT is only charged by VAT-registered businesses on the goods or services it sells. VAT can usually be reclaimed by VAT-registered businesses on any goods or services they pay input VAT on.

Does my company have to register for VAT?

Your company will only be required to register for VAT if its VAT taxable turnover has exceeded £81,000 (VAT registration threshold 2014-15) in the previous 12 months, or your company is likely to exceed this threshold within the next 30 days.

How do I register my company for VAT?

You must apply to HMRC online or in writing. It can take some time for your application to be approved so you must ensure you keep all receipts and invoices in the meantime. PAC team of expert can assist you in completing your registration process with HMRC. Let us know if you require this service and we will be happy to help.

Can I register my company for VAT even if its income is less than the VAT registration threshold?

Yes, you can choose to voluntarily register your company for VAT. This is useful if you expect to exceed £81,000 VAT taxable turnover within the current financial year, or if your business is likely to be in a repayment position from HMRC. VAT registration can also make your business appear more established by giving the impression that your company is of a size that requires VAT registration, so clients will think that your business is larger than it may actually be.

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