Corporate Compliance Requirement in the United Kingdom

Select the Corporate Compliance Requirement in the United Kingdom

All UK companies’ investors must comply with the requirements in each of the following areas listed below within the stipulated timeline for action / statutory filings as follows:

No. Description Timeline
1 Filing your company’s confirmation statement At least once a year – but you may choose to file more often.

(If you do not file your statement within 14 days of the end of your review period, your company and its officers may be prosecuted. Your company may also be struck off the register.)

2 Changes in

– the address where you keep your records, and which records you keep there

– directors or their personal details, like their address

‘people with significant control’ (PSC), or their personal details like a new address

– company secretaries (appointing a new one or ending an existing one’s appointment)

Within 14 days if you make changes to Companies House
3 Issue more shares in your company Within a month to Companies House
4 PSC information changes You must record any changes to your PSC information in your company’s PSC register, such as a change of personal details or nature of control. You must do this within 14 days of the change.

 

You must send these changes to Companies House within a further 14 days.

5 File first accounts with Companies House 21 months after the date you registered with Companies House
6 File annual accounts with Companies House 9 months after your company’s financial year ends
7 Pay Corporation Tax or tell HMRC that your limited company does not owe any 9 months and 1 day after your ‘accounting period’ for Corporation Tax ends
8 File a Company Tax Return 12 months after your accounting period for Corporation Tax ends

 

Corporate Compliance Requirement

United Kingdom Director Duties and Responsibilities

UK Director Duties and Responsibilities

Companies in the United Kingdom are required to have at least one director to manage the company’s business. The Companies Act 2006 and Corporate Governance Code provide for general UK director duties and responsibilities. In the UK, directors have both a statutory and a fiduciary obligation to carry out their duties bona fide. Read more

Audit Exemptions for Private Limited Companies in the United Kingdom

Audit Exemptions for Private Limited Companies in the UK

To be eligible for an audit exemption, your company must meet specific conditions in the Companies Act 2006. Additionally, your company needs an audit if your articles of association deem so or if shareholders request it. Knowing what exempts your company from an audit can save you valuable time and money. Read More

UK Company Confirmation Statement

UK Company Confirmation Statement

If you operate a company in the United Kingdom (UK), then you need to know all about a UK Company Confirmation Statement. The Companies House UK requires this confirmation statement from businesses annually. Read More

Pay Your Corporate Tax Bill in the United Kingdom

How to Pay Your Corporate Tax Bill in the United Kingdom

As part of running a business, paying your corporate tax bill in the UK is one of your financial obligations. No matter your business size, it is your responsibility to ensure you meet the local compliance regulations and manage your tax payments. Read More

File a United Kingdom Company Tax Return

File a United Kingdom Company Tax Return

Every registered company operating in the United Kingdom must file a UK company tax return. This must be done annually and filed with the HM Revenue and Customs (HMRC).  Read More

Updating Changes to Your UK Limited Company

Updating Changes to Your United Kingdom Limited Company

Do you own a UK Limited Company? Then, you need to ensure that your business keeps updated with the changes in the reporting guidelines. This is where our 3E Accounting guide comes in. Read More

Identify and Record People with Significant Control (PSC) In United Kingdom Company

Identify and Record People with Significant Control (PSC) In United Kingdom Company

Companies in the UK are required to identify and record People with Significant Control (PSC) in their company. This includes Limited Liability Partnership entities too. If you operate a UK company, you need to know this. Read More

Filing Company’s Annual Accounts and Tax Return in the United Kingdom

Filing Company's Annual Accounts and Tax Return in the United Kingdom

Every company based in the United Kingdom (UK) must file their company’s annual accounts and tax return with the UK Companies House. Our guide explains how you can do that. Read More