Posts

Tax Period UK - Key Tax Year Dates and Deadlines

Image
  The tax system in the UK follows strict timelines, and understanding tax periods is essential for individuals and businesses. Missing deadlines can lead to penalties, interest charges, and cash flow issues. Whether you’re an employee, self-employed, or running a business, knowing your tax period helps you file on time and stay compliant. This guide explains tax periods for income tax, corporation tax, VAT, and PAYE, along with key tax year dates and deadlines to remember. What is a Tax Period in the UK? A  tax period  is the timeframe set by HMRC for reporting and paying taxes. It determines when income, profits, and business transactions are assessed for taxation. Tax periods vary depending on the type of tax, such as  income tax ,  corporation tax , or  VAT . The most common tax period is the standard tax year, running from 6 April to 5 April of the following year. Different tax periods apply to: Individuals (employees, self-employed, and landlords) Bus...

How to Change a Company’s Registered Office Address

Image
  Every limited company in the UK must have a registered office address, which serves as its official point of contact. This is where Companies House, HMRC, and other government bodies send important notices. If your business moves to a new location or you decide to use a different address, you must update your registered office address with Companies House. This guide will walk you through everything you need to know about the  change of registered office address , including legal requirements, steps to update the address, and key considerations. What is a Registered Office Address? A registered office address is the official address of a UK company where legal documents and government correspondence are sent. It must meet the following conditions: It must be a physical address in the UK (not a PO Box). It must be in the same jurisdiction where the company was incorporated (England & Wales, Scotland, or Northern Ireland). It must be accessible to ...

Difference Between Registered Address vs Trading Address

Image
  Running a business involves more than just great products and services ,  it also means setting up your operations legally and professionally. One essential step is understanding the difference between your registered address and trading address. These addresses serve different purposes but are equally important for your company’s smooth functioning. This guide will break down the key difference between  trading address vs registered address , uses, and benefits of both address types and help you decide on the best setup for your business. What is a Registered Address? A registered address is the official location of a business as recorded by Companies House in the UK. Every  limited company  and limited liability partnerships (LLPs) must have a registered address when incorporated. Key Features of a Registered Address: Legal Requirement:  Mandatory for all companies incorporated in the UK. Public Record:  Visible on Companies House and accessible by the ...