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When do you have to register for VAT?

Published in Business finance on April 17, 2023 by Johnathan Korchak

Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your ‘taxable supplies’ (defined later in this article) have exceeded the VAT registration threshold. This applies to…

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Tags: business finance, HMRC, taxation, VAT

Guide to registering a charge at Companies House

Published in Company records, Business finance on September 21, 2022 by Jayne Challinor

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan. The rights are often in the form of security given over a company asset or group of assets.…

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Tags: Companies House, company records, mortgages and charges, registration of charge

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When does a director’s loan need shareholder approval?

Published in Business finance on September 8, 2022 by Jayne Challinor

In the past, UK companies were forbidden from lending to their directors. Judicial penalties were the outcome if this rule was broken. The Companies Act 2006 removed the ban on company loans to directors, and section 197(1)(a)…

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Tags: directors loans, company officers, directors

What is an ERN (PAYE Reference Number) and why do I need it?

Published in Business finance on June 28, 2022 by Johnathan Korchak

An ERN (Employer Reference Number) is issued to every UK company that registers as an employer. It is also referred to as a PAYE reference number because it is used as a unique identifier by HMRC when processing payroll…

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Tags: accounting, company records, employment, HMRC, PAYE

What is a dormant company?

Published in Business finance on May 29, 2022 by Henry Catchpole

Your company may be considered dormant if it is not currently carrying out any business and it does not have any other sources of income, including investment income. This article explains what to do and what to avoid doing in…

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Tags: accounting, accounts, company types, dormant companies

2023 Review
of UK Company Formations

Read our comprehensive review of UK company formations in 2022, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website

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