Forming a limited company is one of the most tax efficient ways of structuring your business in the UK. Now you can form a new UK Limited Company within hours. We offer comprehensive support and help for those starting up as a limited company. Our company formation package includes everything that is required to get it up and running.
We are happy to discuss the implications of employing someone. Employment red tape can be intimidating, but we can guide you through the processes, costs, calculations and deadlines or take care of everything for you. .
The VAT return summarizes your sales and purchases and the VAT relating to them. All the information you need should be in your VAT records.
The VAT return includes your sales total (excluding VAT) and output tax - the VAT you charged on these sales and which needs to be paid to HMRC. This also includes VAT due on any other taxable transactions, for example, if you barter goods or take them for personal use.You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period. You must submit a VAT Return even if you have no VAT to pay or reclaim. .
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. Which may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the companies rules. In contrast, anyone may buy shares in a public limited company.