Are you considering setting up a UK limited company? It's crucial to navigate the process smoothly to avoid potential pitfalls. In this video, we'll discuss common mistakes to steer clear of, along with essential key dates and tax forms you need to know.

Key Dates:

Incorporation Date: The date your company is officially registered with Companies House.
Annual Return Date: The deadline for filing your company's annual return, typically within 28 days after the anniversary of incorporation.
Corporation Tax Due Date: The deadline for paying corporation tax, usually nine months and one day after the end of your company's accounting period.
Tax Forms:

CT600: The form used to report your company's taxable profits and calculate corporation tax due.
Form 10: The application form for registering a company with Companies House.
Form CT41G: The form to inform HMRC that your company has started trading.
Examples:

Not Choosing the Right Business Structure: Selecting the wrong business structure can have significant implications on taxes and liability. We'll explore the best fit for your venture.
Neglecting Annual Compliance: Failure to meet annual return deadlines or submit required documents can result in penalties. We'll guide you through staying compliant.
#UKLimitedCompany #BusinessSetup #TaxCompliance #CompanyFormation #Entrepreneurship

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