Corporation Tax & Limited Companies

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A limited company in the United Kingdom is a corporation with shareholders whose liability is limited by shares (Ltd), which is the most common form of a privately held company. Setting up as a limited company is an attractive option for many people as, unlike sole traders, personal assets are completely separate from company finances It has shareholders with limited liability and its shares may not be offered to the general public.

A limited company can be registered in England and Wales, Scotland, Northern Ireland. The registration of companies in Great Britain (England, Scotland and Wales) is done through Companies House.

A Limited Company needs to submit accounts annually to H.M.R.C and pay any Corporation Tax due, An Accounting Gem can help with all necessary data to ensure it is completed correctly and on time which will save you any unnecessary fines.

For More information on Limited Companies & Corporation Tax please contact us