Limited Company Filing Requirements
At Khan & Co, we have plenty of experience in helping both contractors and small businesses with their limited company filing requirements each year. We keep in touch with all our clients on a regular basis throughout the year, to ensure that no deadline is missed – ever.
So what exactly needs to be filed each year? This is the most common question we get asked at Khan & Co, especially by clients who have only recently begun operating through a limited company. For this reason we thought it would be useful to write a blog post about annual limited company filing requirements, but if you have any further questions please feel free to contact us.
1.) Limited Company Accounts
One of the first limited company filing requirements is the annual statutory accounts. These should be filed with Companies House every year, even if your company has not been trading (in which case you would simply file a set of dormant company accounts).
The deadline for limited company accounts is nine months after your company’s year end (which is always the last day of any given month). For example, if your year end is the 31st of March 2019, your limited company accounts need to be filed nine months after this date, so the deadline would be 31 December 2019.
It’s really important to file your accounts on time – failure to do so can result in very high penalties, which can easily be avoided by good organisation!
2.) Corporation Tax Return with HMRC
This is something that can easily be missed if you manage your accounts yourself, but it is one of the most important limited company filing requirements.
The deadline for filing your corporation tax return (or CT600) with HMRC is technically one year after your company’s year end. However, it is often best to submit it at the same time as your annual accounts so that you don’t forget and miss the deadline. At Khan & Co, we make sure that your corporation tax return is submitted at the same time as your annual accounts in order to avoid any unnecessary late-filing penalties.
3.) Confirmation Statement with Companies House
This is again one of those limited company filing requirements that is easily forgotten by a lot of people. Although it is simply to confirm the accuracy of the information about your company held by Companies House, failure to file your confirmation statement on time can result in your company being struck off altogether! This can be disastrous in most cases, so it is important to set an annual reminder to file your confirmation statement. At Khan & Co, we offer comprehensive accountancy packages in which all your limited company filing requirements are included, so you never have to worry about missing a deadline.
4.) Self-Assessment Tax Returns for all the Company Directors.
Many people assume that just because they have filed their annual accounts with Companies House, their personal tax returns are no longer one of the limited company filing requirements. However, even if they didn’t earn a salary or dividend from the limited company all of the company directors need to complete a personal tax return each year. Failure to do so can again result in late-filing penalties.