In a limited company, the liability of members or subscribers of the company is limited to what they have invested in the company. A company limited by shares:
The most significant advantage for most people is limited liability. However, there are many additional benefits, including:
Limited companies pay 19% of corporation tax every year.
There is no tax free allowance.
£149 COMPANY FORMATION
£599* ANNUAL ACCOUNTS
£79* CONFIRMATION STATEMENT
£59* PAYROLL REGISTRATION
£29* MONTHLY PAYROLL
£119* VAT RETURN
£59# VAT REGISTRATION
Every business in England has the right to employ employees (UK residents) on the basis of British PAYE rules. As an employer operating PAYE as part of your payroll, you need to complete certain tasks during each tax month.
Our company will help you with the calculation of employer insurance and employee insurance contributions and will prepare payslips every month.
You must register for VAT if your VAT taxable turnover goes over £85,000 (the ‘threshold’), or you know that it will, despite whether you are self-employed or you run a limited company. We can help you to register for VAT.
If you are vat registered, you must submit your declarations quarterly.
* The stated prices are our standard prices. If the service requires exceptional work, we reserve the right to increase the fee.
# Please note that when VAT registered, in many circumstances you will need HMRC account. You can create it by yourself or we can do that for additional fee.