Answers to Your Most Common Business Questions
Find clear answers to common questions about company formation, tax, accounting, payroll, compliance and other UK business services.
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Company Formation
A UK limited company is a business structure with its own legal identity, separate from its directors and shareholders. It is registered with Companies House.
Typically a proposed company name, registered office address, and details of directors and shareholders. Exact requirements can vary by company structure.
Yes, UK company formation is generally designed to be completed online, with supporting information provided as part of the process.
Yes. Entrepreneurs based outside the UK can generally form a UK company, though certain identity and address requirements will still apply.
Yes. Details such as directors, registered office address and company name can generally be updated after formation through the appropriate Companies House filings.
Companies House
A confirmation statement is an annual filing that confirms your company's details held by Companies House are up to date.
A registered office address change is filed with Companies House and generally takes effect once the filing has been processed.
Changes to a director's details, such as their service address, are reported to Companies House through the relevant filing.
A new director appointment is reported to Companies House, along with the required details for that person.
A director resignation is reported to Companies House to formally update the company's record.
Company restoration is the process of reinstating a company that has been dissolved or struck off the Companies House register, where this is legally possible.
Tax & Accounting
Corporation Tax is a tax UK limited companies pay on their taxable profits. This is general information, not personalised tax advice.
A CT600 is the Company Tax Return form used to report profits and calculate Corporation Tax owed to HMRC.
Year-end accounts are a company's annual financial statements, prepared and filed in line with statutory requirements.
Self-Assessment is the process HMRC uses to collect Income Tax from individuals whose tax is not automatically deducted, such as company directors or the self-employed.
VAT
A business generally needs to register for VAT once its taxable turnover meets the relevant threshold, or it can register voluntarily below it. Current thresholds should be confirmed with HMRC or a professional adviser.
A VAT return is a periodic report submitted to HMRC showing the VAT a business has charged and paid.
Payroll & PAYE
PAYE (Pay As You Earn) is the system HMRC uses for employers to deduct Income Tax and National Insurance from employee pay.
An employer registers for PAYE with HMRC before paying employees, which sets up the scheme used to report and deduct the relevant tax and National Insurance.
Payroll processing covers the ongoing tasks involved in paying employees correctly and on time, including calculating deductions and submitting the required reports to HMRC.
Identity Verification
Identity verification is the process of confirming that a person is who they claim to be, typically using government-issued identification.
It is a process introduced under UK company law changes to confirm the identity of directors and people with significant control of a company.
Company directors and persons of significant control may be required to verify their identity, depending on current Companies House requirements.
Business Registration
An EORI (Economic Operators Registration and Identification) number is used to identify businesses when importing or exporting goods, including between the UK and other countries.
Trademarks
A UK trademark is a registered sign, such as a name or logo, that helps protect your brand identity and distinguish your goods or services from others.
Trademark registration generally involves searching for conflicting marks, submitting an application to the UK Intellectual Property Office, and responding to any examination queries.
General
We provide UK business services including company formation, accounting and tax support, payroll and PAYE, compliance, identity verification and support for international clients.
Yes. We support entrepreneurs and businesses based outside the UK who need UK company registration or related services.
You can send an enquiry through our Contact Us page describing what you need help with, or explore our Services page for an overview.
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