FAQ’s Limited Company Taxation

As soon as you have incorporated your company and start trading, it is possible that you will fall within the scope of one or more of the UK’s various tax regimes.

We have produced some simple starter guides to the immediate tax matters you will face once you have formed a company.

Corporation Tax – the taxation of the company’s profits. You can download the BTC Guide to the basics of corporation tax which covers a range of basic subjects including how CT is charged, CT chargeable periods, how to file a CT return and how to pay any liability arising

Pay As You Go (PAYE) – Upon incorporation you may become a director of your company. Any remuneration for this post will be covered as an employee under your company’s PAYE scheme. Download the BTC Starter Guide to PAYE which covers the basic requirements of PAYE from registration, operating a payroll scheme to the annual filing requirements.

Value Added Tax (VAT) – Many firms will find themselves subject to the VAT regime almost immediately upon incorporation. Download the BTC Starter Guide to VAT which looks at the requirements for registration, filing of returns and payment of VAT. BTC do offer a VAT registration service as part of the incorporation service; simply tick the radio button for the option as part of your formation package.

Taxation is complex, the above guides only reflect the basic requirements, and we do recommend you seek professional advice from a professional accountant in your local area. We offer a free initial consultation with a TaxAssist Accountant local to your area to discuss the requirements of your newly formed company.

There are almost 200 TaxAssist Accountants offices in the UK offering local accountancy services to small businesses. Every TaxAssist Accountant operates as a small business accountant so they understand your companies’ accountancy needs.

£18.00 exc.VAT
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£48.00 exc.VAT
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£80.00 exc.VAT
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Professional Complete
£250 exc.VAT
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Stephen O'Neill is licensed and regulated by the Association of Accounting Technicians to provide services in accordance with license No.443 details of which are displayed at the registered office address. Business Tax Centre Limited is supervised by the AAT for money laundering compliance purposes.