Call our team +44 (0) 207 566 3939

Blog

Is an annual return different to a company tax return?

Is an annual return different to a company tax return?

by | Jul 31, 2014 | Annual Returns, Blog, Company Formation Services, Tax, Uncategorized, Virtual Office | 0 comments

Yes, annual return and company tax return are two obligations bestowed upon companies which are a legal requirement. In this article we will look meticulously as what is needed and when you need to act upon this.

I have a limited company do I need to be aware of an annual return?

If you run a Limited company you will need to understand the legal requirements that are necessary in order for your company to run legally. An annual return is a legal requirement, this is snap shot of your companies` information, this is required at least once every 12 months and needs to be updated if major changes have taken place. The annual return is a publicly available record and provides Companies House and the public with key information.

Key features of an Annual Return

  • Provides a comprehensive view of how the company is set out
  • Substantiates who runs the company in the form of directors and shareholders details
  • It confirms the registered office address of the company
  • It will confirm the secretaries` details if there is one allocated
  • Compulsory every 12 months, and are due 28 days from the anniversary of the company incorporation

Do I need to complete a tax return?

If you run a limited company then you are legally required to complete a tax return. It`s a legal requisite from HMRC that facilitates a tax calculation to be performed on the financial figures produced from the companies trading. The director of the company is normally responsible for ensuring the statutory tax return is completed, if this is overlooked the company will amass fines and will ultimately be struck off if the notices are ignored.

How to find out when my tax return date is

You can find out when your tax return date is by using the Web Check system for companies house, this is a free online service and it provides insightful information about any Limited Company including your own. This is different to an annual return; the tax return provides more detailed financial information regarding your company`s financial trading. It is used to determine how much corporation tax is owed. An annual return is required by Companies House; a tax return is required by HMRC and then is submitted to Companies House so that they can list this on the company register for public access.

You will need to either type your company name or company number in the search field. You will then be presented with a list of companies, select your company. On the next screen you will see the snap shot information including the accounts due date.

Key features of an Annual Return

  • Legal requirement normally every 12 months,
  • Your accounts due date can be found online via the Web Check service
  • The tax return is for HMRC, need for tax computation to establish if any tax is due

If you found this blog helpful you can read more insightful articles on accountants and taxation here. Your Virtual Office London is a leader in virtual office, accounting and company formations.

Blog Categories

Contact Details

Tel: 0207 566 3939

Fax: 0207 566 39352

Sales: office@capital-office.co.uk

Support: support@capital-office.co.uk

Our Location

Capital Office
Kemp House
152-160 City Road
London, EC1V 2NX

Opening Hours

Monday - Friday: 9.00AM – 5.00PM
Saturday: Closed
Sunday: Closed

What Does a Company Director Do?

What Does a Company Director Do?  The role of a company director does not end at simply establishing a business address or projecting motivational predictions about the company’s growth. A company director is required to recognise and fulfil a number of key roles. A...

This Is How to File a Confirmation Statement

This Is How to File a Confirmation Statement Whether your business is the pride of a remote UK postcode, or you’ve registered your company at a more established business address, you must file a confirmation statement at Companies House. A Confirmation Statement...

All You Need to Know About Limited Company Shares

If you’re set to launch a company limited by shares, it’s important for you to understand all there is to know about these limited company shares and what they mean for your business. Before you begin working via your prestigious registered office address, take note...

Appointing and Removing a Company Director

There may be a number of reasons you’ll want to remove your existing company director and/or appoint a new individual to the role. Whether you’re planning a major reshuffle at the top for the sake of changing course of your limited company’s ethos, or an individual is...

Where Do I Send My Stock Transfer Form?

Congratulations! You’re either a newly formed business, or you’ve been running your brand from a reputable business address for some time. But with the plaudits comes the pressure; not least the overwhelming number of documents you must process and submit. And when...

7 Important Roles of a Company Director

You may be the proud owner of a new business, functioning from a credible business address, and envisioning a bright future ahead. But if you’re unsure about exactly what a company director’s role entails, then you may find yourself hindering your company’s progress....

In a hurry and just want some advice?