Confirmation Statement – what is it, and how do I file one?

annual return confirmation statement

The UK tax authorities introduced new regulations on 30th June 2016 which introduced a new piece of paperwork for all businesses registered at Companies House to file. The new annual confirmation statement has replaced the annual return (Companies House form AR01) but does all the same things – just in a simpler way.

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Capital Allowances and your limited company

fixed assets capital allowance

When running a company, you may be most concerned with turning a profit or developing your capital, depending on the nature of your business and your priorities. Naturally, there will be taxes to pay and these will be based on both the income and capital elements of your business. How much tax you will pay will be calculated on your income less any day-to-day running costs, and on your capital less any capital expenditure.

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What is National Insurance, and what are Class 1 NICs?

class 1 nics company

Originally, the National Insurance scheme was set up to pay for the then newly established NHS and other state benefits after the second world war as part of the establishment of the welfare state. Workers would pay a percentage of their income so that people who could not work due to age, infirmity or ill health could still have money to live on.

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