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If you are a business owner in the UK, you might be familiar with the concept of Value Added Tax (VAT). VAT is a tax on the value added to goods and services, as a business owner, you are required to register for VAT if your taxable turnover exceeds a certain threshold.
The Unique Tax Reference (UTR) is a 10-digit number unique to your company that’s issued by HM Revenue and Customs (HMRC). HMRC are notified once as your company has been registered, they’ll then mail (regular mail, not email) your company’s UTR to the Registered Office normally within a few weeks of incorporation.
Formed a company but not sure what to do next? No problem adventurers.
Here at MadeSimple we like to keep on top of important developments within the world of startups and inform you of them as and when they happen. So in light of yesterday's Autumn Statement we thought we would give you the key points - and how small businesses will stand to benefit.
Check out this infographic for all the ingredients you need for a successful invoice from our friends over at FreeAgent! View the full image at FreeAgent
Filing an annual return is one of the most important parts of running a good business. Not only is it important, but it is essential and indeed compulsory to file one - even for dormant companies There is no getting around it, you are going to have to file a return - luckily with the professional annual return service from Company Formation MadeSimple it’s very simple and reliable.
[caption id="" align="alignright" width="190"] How do I renew my Companies Made Simple services? Find out in this blog post.
[caption id="" align="alignright" width="256"] When and why do you need to complete the P11D document?[/caption] A P11D is a form that is completed at the end of the Tax year to record expenses and benefits that have been provided to your employees (or to you as a director).