Company Formation Abroad
Company Formation in the UK
What is Company Formation in the UK?
In the UK, company Formation, management, corporate tax and VAT declaration, accounting services are a holistic process and consist of steps that should be followed by experts.
Set up your limited liability company in the UK and start exporting with Export Partners strategic partners. Start receiving payments with your Limited liability company registered in the UK. Have a registered address in the UK.
Our Services
All Formation Procedures
London Registered Company Address
London Executive Service Address
Digital Mail Forwarding
Wise Corporate Account
Accounting and Declaration Procedures
Registered Address Service
Company Management
UTR Activation
D-U-N-S Number
VAT Number
EORI Number
Declaration Services
Confirmation Statement
(Confirmation Statement)
In the UK, all companies, regardless of whether they are active or not, must file an annual Confirmation Statement with Companies House. This is a declaration of the current state of the company's structure. Any changes or constancy of the previous declaration are also notified.
The first approval declaration of a company is usually 1 year after the date of incorporation. However, companies can submit a Confirmation Statement to notify changes in company structure even before this date.
No Confirmation Statement may be submitted by Companies House after the declaration date. In this case, Companies House has the right to close companies that do not submit a declaration. Therefore, the date of the Approval Declaration of the relevant company should be checked on the official portal and the declaration should be submitted before the deadline.
What information is required to submit a Confirmation Statement?
In order to submit a confirmation statement, the authentication code of the company is required. Without this code, a confirmation statement cannot be submitted to Companies House.
Corporation Tax Return
(Corporation Tax Return)
If your company's financial year has ended, we will file your company's corporation tax return electronically with HMRC (UK Revenue and Customs).
What is Corporate Tax?
Corporate Income Tax is a type of tax that every company engaged in active trade pays to the state, calculated on the net profit obtained at the end of the fiscal year. It is paid at the end of the financial year. In the UK, the fiscal year of a company is not fixed, it is determined according to the date of incorporation of the company (However, companies can optionally change their fiscal year dates at a later date). Corporate tax returns must be filed no later than 9 months after the end of the fiscal year.
What information is needed for the Corporate Tax Declaration?In order to submit a Corporate Tax Return, the company must first have Government Gateway account information. In addition to this information, the company must have activated the UTR and activated the corporate tax. In addition, accounting records must be kept and a profit and loss statement must be prepared for the dates covering the tax period.
Do I have to file a Corporation Tax Return?
In the UK, every company is liable to pay Corporation Tax on its net profits. Therefore, all companies must file a Corporation Tax Return at the end of the financial year. If the company has not traded during the relevant tax period, it can file a Dormant Account Return.
Dormant Account Declaration
A company registered in the UK may not generate income during the financial year for certain reasons. Such companies are called dormant and must submit a Dormant Account Statement for the relevant tax period.
The Dormant Account Statement is filed at the end of a company's financial year. In the UK, a company's financial year is not fixed but is determined by the date of incorporation (although companies can change their financial year dates later if they wish). A Dormant Account Statement must be submitted no more than 9 months after the end of the financial year.
What happens if a Dormant Account Statement is not filed?
Every company registered in the UK must file a Corporation Tax Return at the end of the financial year if it has generated income, or a Dormant Account Statement if it has not. Otherwise, the company director may have to pay a fine for failure to file the returns.
VAT (Value Added Tax) Declaration
VAT can be very time consuming for UK businesses due to the extensive paperwork and inherent complexity. The existence of multiple VAT schemes, each with its own advantages and disadvantages, makes it necessary to carefully assess the VAT status of each new product or service.
Making mistakes in the processing of VAT can have several negative impacts on your business. Firstly, miscalculations can lead to overpayment of VAT, negatively impacting your cash flow. Secondly, HMRC imposes significant penalties for late filings or incorrect VAT declarations.
Our UK-based team of specialist Export Partners ensure that VAT is collected correctly for each transaction, that the correct payments are made to HMRC and that returns are filed on time and accurately.
We also provide guidance on voluntary and mandatory VAT registration, deregistration if your turnover falls below the threshold and flat-rate VAT schemes. We ensure that your business complies with the current regulations on digital recordkeeping and reporting in VAT's Making Tax Digital.
Our other comprehensive VAT service
Recommendations on voluntary VAT registration
Registration and deregistration
Partial exemption calculations
Timing of VAT payments for cash flow
VAT plan advice
VAT on imports and exports
Support in dealing with HMRC