This guide provides advice on starting a UK business, including what you need to file with HMRC and Companies House, and outlines taxes, charges, and deadlines. Britain is a great country to start a business in and you will find the process fairly straightforward. This guide is dedicated to UK businesses but offers a wide range of advice for business start-ups in the UK, including visa requirements, tax and customs requirements.
Limited Companies must be registered with Companies House at the cost of PS12 online and PS40 by post. Limited liability companies are normally required to provide their annual income, estimated annual turnover, tax return and other information. If you sign up for one of these business start-up packages, you will also have to pay a fee to register the PS 12 companies in-house. This includes the public records that the company keeps in the company’s home with companies and entities in the United Kingdom, as well as the company’s tax return.
What is the Index of Companies in the United Kingdom?
Companies House has several regional information centers where you can find the most important index of company numbers as well as information about companies that have been closed down since 1 January 1963. If your business is based in the UK and is taxed there and is a company, you may be able to get a local accounting service to help you, or your accountants or advisers will help you with what you need. You can also do a free search on the National Business Register website, which contains the details of millions of retailers in the UK. Many companies in our UK can also give you access to a range of business start-up packages for businesses moving here, such as the Business Start-Up Plan and the Business Development Plan.
If you have any doubts about your registration number, you should call the VAT hotline on 0300 200 3700 for all VAT registered companies. HMRC has a full database of registered companies and if you need help finding your EORI number, you can contact the HMRC EORSI team using the contact form. In the UK we can all and do a maths check to see if your number is correct.
How VAT Information can help you find more about a UK Company
One method is to call the VAT helpline at HMRC and the other is to use the VAT information exchange system operated by the European Commission. A company may then contact HMRC and ask us to correct any data we have about you. If a company contacts us directly to ask if your VAT identification number entered in the tax information exchange system is correct, they can ask for help in correcting the data stored.
To register a business in the UK, you must check that your company’s name is available and read on to outline the steps you can take to verify that your business is legal in the UK. If you do not have a separate address for your business, you can use your home address to register as a business in the UK.
The Legal Obligations of setting up a Company in the United Kingdom
There is no legal obligation for a director or shareholder resident in the United Kingdom to set up a UK company, but it must be possible for the director of the company to reach that address. It is possible to set up UK public limited companies, even if the proposed director is not resident here. The home address of the company director and the address of his office must be either in the USA or near the USA or outside the UK.
By registering a branch in the UK, the company does not create a separate legal entity. The British establishment has a status as a limited liability company, but it is not a company that has its own annual accounts, tax returns and other financial information. Compared to a UK company, the financial statements of a parent company are protected from public disclosure outside the UK. There are various documents that are filed with Companies House in the UK when a company changes, including annual reports and summary information, as well as the parent company’s annual report.
When a company creates a new sales book account, it is good practice to check the supplier’s VAT number, because if it is invalid, so be it. If the company is also registered for VAT, you will need a separate VAT identification number from the supplier to claim back the VAT. HMRC tax bills can exclude VAT claims and if you have paid to a supplier, your tax bill to them will also be invalid.
The Final Word
If you are dealing with a public company, you will need to list a considerable amount of information at Companies House, where you can see the name of the director and the accounts. All UK companies and entrepreneurs must register with HMRC for tax purposes and can file their tax returns and tax bills. A list of all UK companies and UK subsidiaries registered in the US, Canada, Australia, New Zealand, and the EU and registered in the UK can be found on the company’s website. Simply enter a name for the company you are interested in and you will be interviewed to gather all relevant information in one place.