The limited company dates that you need to know about

Рет қаралды 4,087

2 жыл бұрын

Do you know what the key limited company dates are? And more importantly - what happens if you miss a deadline?
Well, don’t worry! In this video, Nicholas Campion - our resident company expert - walks you through the company dates that you need to know about, and also discusses the consequences of missing important deadlines.
Chapters:
0:00 Intro
0:44 The confirmation statement dates
3:31 The annual accounts dates
6:15 Corporation Tax and Company Tax Return deadlines
7:55 Conclusion
Website: www.1stformations.co.uk/
Blog: www.1stformations.co.uk/blog/
Facebook: 1stformations/
Instagram: 1stformationsofficial
LinkedIn: www.linkedin.com/company/1st-formations
Twitter: 1stformations
#CompanyFormation #LimitedCompany

Пікірлер: 78

@estherhendricks7133 2 ай бұрын

Thank you, I’m so glad that you’re with me every step of the way.

@1stformations 2 ай бұрын

Thank you for your lovely comment, Esther! We're always happy to help. Is there a topic you'd like us to cover in our next video?

@NOVELTYWONDERS 2 ай бұрын

I love how clear and precise you explain things. Makes everything very easy to comprehend . Thank you for sharing, very well delivered.

@1stformations 2 ай бұрын

We're glad you enjoyed the video! Have you checked out any of our other videos?

@eternalgrowth360 2 ай бұрын

You’re welcome and yes I have, I am happily watching all videos, one of my first POC. Thanks again and keep up the good work, you’re doing a great job.

@cinthiavargasferrando4289 2 жыл бұрын

Great video! So easy to follow. There is no way that I will miss any of my deadlines now, thank you so much!

@1stformations 2 жыл бұрын

You are so welcome! Thanks for the comment.

@darkdancer1983 2 жыл бұрын

Love this video, this is so useful! Keeping all the dates in mind can be really confusing but this explanation makes it much easier, so thank you 😊

@1stformations 2 жыл бұрын

Thanks so much for taking the time to comment. We're glad it was useful.

@ninawaller615 Жыл бұрын

So useful! Thank you so much :)

@samb3151 2 жыл бұрын

Great video! Thanks, much easier to understand the dates as per the examples given

@1stformations 2 жыл бұрын

Glad it was helpful!

@studykimchi 2 жыл бұрын

Definitely easier to understand in video format! Thanks

@1stformations 2 жыл бұрын

You're welcome! Is there anything you would like us to cover in a future video?

@robkeys2115 2 жыл бұрын

Great video again, this really puts my mind at rest knowing I am not missing any important filings! :)

@1stformations 2 жыл бұрын

We're glad it was helpful!

@keziahcowan648 2 жыл бұрын

So many dates . . . this video really helps with the ones I actually need to worry about!

@1stformations 2 жыл бұрын

We're glad you found it useful!

@hawkdene123 2 жыл бұрын

Only date I’m interested in is one with Nicholas 😍

@1stformations 2 жыл бұрын

Hahaha - we'll pass the feeback on to Nicholas :)

@doriasalvador8581 2 жыл бұрын

Great!!!

@1stformations 2 жыл бұрын

Thanks for taking the time to comment!

@colminvienaitrang7256 3 ай бұрын

Very Helpful? Thank you very much

@1stformations 2 ай бұрын

Thank you for your kind comment. Do you own your own company?

@colminvienaitrang7256 2 ай бұрын

@@1stformations Yes sir. My company was set up for the @1stformations

@1stformations 2 ай бұрын

@@colminvienaitrang7256 Amazing! What has the experience of running your own company been like?

@sergiomaniega4127 Жыл бұрын

Hi, great video. I read a LTD do not need to pay taxes until reaching 85.000 GBP in sales, is that true? If I don´t reach that amount, do I still need to fill the company tax return?

@jessebhogal2837 2 жыл бұрын

Excellent stuff @1st Formations

@1stformations 2 жыл бұрын

Glad you liked it!

@shab4294 2 ай бұрын

Great video! Thank you for the explanation

@1stformations 2 ай бұрын

Thank you for your kind message. We're glad you found the video helpful. How long have you owned a limited company for?

@shab4294 2 ай бұрын

Since end of November last year. So I should submit my account before end of August this year?

@1stformations 2 ай бұрын

@@shab4294 Your first set of accounts will be due 21 months after the date of company formation. This should be August 2025 if your company was incorporated in November. You can check the exact date by searching your company name here - find-and-update.company-information.service.gov.uk/.

@shab4294 2 ай бұрын

Thank you so much for your help and advice. Really appreciate it.

@1stformations 2 ай бұрын

@@shab4294 You're very welcome! Is there a topic you'd like us to cover in our next video?

@ameliafrench9459 2 жыл бұрын

This is very useful as it's easy to forget some of these important dates! :)

@1stformations 2 жыл бұрын

Glad you think so! Thanks for taking the time to comment.

@msSIMO 8 ай бұрын

Very nice ❤

@florentessissewa9815 2 жыл бұрын

Thank you very much for the video, it's really useful.

@1stformations 2 жыл бұрын

That's brilliant to hear! Thanks for the comment.

@ahmadzaisadat1236 Жыл бұрын

Can you make a video about Tax should I pay or No? and more information about what should I do my company Registered that is private LTD company by shares I have find UTR number and authentication code should I register any thing with HMRC or No?

@1stformations Жыл бұрын

That's a great idea - we'll add that to our list :) HMRC will send you a letter shortly after incorporation with further information about what you need to do with them. Have you received this letter? It's the letter that includes the UTR.

@kristinadenicuk6453 2 жыл бұрын

Thanks for the video very insightful!

@1stformations 2 жыл бұрын

Thanks for the kind words!

@pedromartonpereira3661 2 жыл бұрын

Great video, very helpful!

@1stformations 2 жыл бұрын

Thanks for the feedback! Do you run your own business?

@johncarpenter8651 2 жыл бұрын

Thanks for the video. Great to have all these dates in one place. Can you make a similar video about any other hmrc dates we should be aware of?

@1stformations 2 жыл бұрын

Thanks for the idea! We'll add that to our list.

@MehdiLSG 2 жыл бұрын

Very insightful and easy to follow video. Thank you @1st Formation! One question if you may: I missed registering for corporation tax with HMRC within 3 months. I was not aware of it. My company has been trading for a year now. Will it be any penalties for a late registering?

@1stformations 2 жыл бұрын

We're glad you found it useful! We recommend contacting HMRC in regards to this. You'll find more information here: www.gov.uk/guidance/corporation-tax-penalties We hope that helps.

@hajarboujetoy4310 Жыл бұрын

Very helpful thanks

@1stformations Жыл бұрын

You're welcome! Do you run your own business?

@hajarboujetoy4310 Жыл бұрын

@@1stformations Yes, but i am still in the beginning of the activity, i created my company in april 2022 through 1st information

@1stformations Жыл бұрын

@@hajarboujetoy4310 That's great to hear! We hope everything is going well. Is there anything that you would like us to cover in a future video?

@hajarboujetoy4310 Жыл бұрын

@@1stformations if you could talk about what we need to know about taxes to be paid during the year,rates and exeption limits. Thanks for your question

@1stformations Жыл бұрын

@@hajarboujetoy4310 Great idea, we'll add that to our list!

@paultavener1544 2 жыл бұрын

Great video. Regarding registering with HRMC within 3-months of starting to trade, what counts as 'starting to trade'? For example if a business has been paying suppliers as part of setting their business up but have not actually started selling products or services to customers yet, does this count?

@1stformations 2 жыл бұрын

Thanks for the question! HMRC appears to have a wide definition of what constitutes trading. The government's website defines an active company as one that is “carrying on business activity, trading or receiving income”, so your example given may well fall within this definition. As usual, however, if you are unsure, we would suggest seeking specialist tax advice.

@Yodabookeeping Жыл бұрын

Great Video! clear, concise and easy to follow with the examples you provide.

@1stformations Жыл бұрын

Thank you. Do you have a limited company?

@Yodabookeeping Жыл бұрын

@@1stformations Hello yes Yoda is Ltd

@1stformations Жыл бұрын

@@Yodabookeeping Fantastic - I take it you do bookkeeping? What type of companies do you do it for?

@Yodabookeeping Жыл бұрын

@@1stformations Hello I have a mixture of clients in manufacturing and Social Enterprise retail.

@1stformations Жыл бұрын

@@Yodabookeeping Great - how do you get your clients, word of mouth or marketing?

@muhammadmujahidhussain7495 Жыл бұрын

Great video. Regarding registering with HRMC within 3 months of starting to trade, If I haven't started trading yet than still I am required to register for corporation tax?

@1stformations Жыл бұрын

Hi Muhammad, you are not required to register for Corporation Tax if you have not started trading; however, you should register your company as Dormant if this is the case, otherwise you will be expected to provide information relating to Corporation Tax around the time of your company's next accounting period end date. When do you intend to start trading?

@homelabchannel6593 2 жыл бұрын

Thank you, can you make short video about proper bookkeeping, categories, etc.?

@1stformations 2 жыл бұрын

That's a great idea. We'll add that to our list - thank you!

@ahmadzaisadat1236 Жыл бұрын

Hello Dear teacher Thanks alot for your nice class and information I have a question I have registered private Limited company by share for online business should I register VAT and Tax online form or No With Best Regards Sadat

@1stformations Жыл бұрын

Thanks for the question! You don't need to register for VAT until your annual turnover exceeds the £85,000 - so if you are making that much, you will need to register. However, you can also register voluntarily too, if you wish. There are a number of benefits to doing this. You can find out more here: www.1stformations.co.uk/vat-registration/ Can you clarify your question about Tax, please?