Using us as your UK Tax Agent, we will represent your UK company and deal with H M Revenue & Customs with regards your corporation taxation and VAT filings.
We will have continuous internet access to all details about your account with the tax authorities for all the taxes you pay, and we will deal with your company tax correspondence with the H M Revenue & Customs.
A UK company must file a notice of its existence to the H M Revenue & Customs within 3 months of incorporation, and must file with the HMRC a Corporation Tax Return no later than 12 months after its year end. Should either of these dates be missed then penalties and interest become payable.
The simplicity and cost of UK companies make them very attractive, however, getting a VAT number for general European business is more difficult.
Having a Tax Agent is usually a persuasive factor in allowing a company to obtain VAT registration. The HMRC require evidence of trading or, that there is the intention to do business in the future. Factors that can be persuasive in your UK company obtaining a VAT number:
VAT returns have to be filed every quarter and the VAT paid 30 days later. In addition, a return needs to be filed about sales to other countries in the EU; the periods for which are likely to be different to the VAT return periods
There are two very common situations which we can assist with:
All companies which are trading in the UK, and which do not have resident directors have to register for VAT in the UK.
We may need to advise you, as not collecting VAT, when you need to, is a criminal offence.
If you are in this situation, you need a UK tax agent, as you will need advice on applying, and support as you are trading.
Your company will need an EORI number to import and export goods from and to the European Union. The number is usually obtained in the UK when the company is incorporated there; even if the company has a connection with another European country.
If you are going to employ; we can assist with
In the UK, a director is considered an employee of the company- therefore many companies that are trading or are for managing assets will have to register for payroll taxes and collect the deductions from salaries.
You will almost certainly need a UK tax agent, so that we can assist in ensuring that you do comply with the law, and make sure that minimum UK tax is paid. If the director is largely non-resident; advanced income tax may need to be deducted, but national insurance may not be payable. If you incorporated a UK company and wish the company to be taxable, or resident in the UK for some purposes, you need our advice and our tax agent service.
If you are a company doing work on a construction; you will have to register for the “Construction Industry Scheme”. The contractor will pay you, after withholding some income tax. You will need our help when this happens as:
As tax agents we will do this.