Filing & Finance

Do I need to inform HMRC I have set up a limited company?

Companies House informs HMRC when a new company is registered. There is no need for you to contact them yourself. Shortly after company formation, HMRC will post a letter to your registered office address with your company’s Unique Taxpayer Reference (UTR) and form CT41G (Corporation Tax – Information for New Companies). The UTR is very important because…

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Filing & Finance

Annual accounts and statutory accounts

All limited companies registered in the UK are required to prepare financial accounts for Companies House and HMRC each year. These accounts are often referred to as ‘annual accounts’ or ‘statutory accounts’ and they are used to report the financial activity and performance of a business during its most recent financial year. The financial year of a limited company is usually a…

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