We are here to help with all aspects of your Company Secretarial requirements, Annual Tax Returns are by far one of the most necessary, find out here how we can help
Words by Mark Brooker
ANNUAL
TAX RETURNS
As a Director of a UK Company You must send an annual return to Companies House once a year, this event takes place at the end of each tax year.
An annual return is different from a company’s annual accounts & tax return, these usually aren't done at the same time.
Companies House will send a letter notifying us of the due date to your Companies Registered Address, Hatton & Berkeley also provides this service to its Accountancy Clients.
The due date is usually a year after either the:
- incorporation of your company
- date you filed your last annual return
Annual returns can be filed up to 28 days after the due date.
Your company can be fined up to £5,000 and your company struck off if you do not send your annual return to Companies House annually.
INCLUDED IN AN
ANNUAL TAX RETURN
AN ANNUAL RETURN MUST INCLUDE
- Details of each Director(s) and company Company Secretary (not compulsory)
- Your company's trading activity - including its SIC code(s)
- Type of company; eg 'Private' or 'Public'
- Registered Company Office Address
YOU MAY ALSO NEED TO INCLUDE
- A ‘statement of capital’ if your company has shares / share capital
- Details of shareholders, and if this has changed since your last annual filing
SIC CODE
A SIC code is a number that identifies what trading activities a company engages in, eg; 'Code 512199' relates to ‘Other Motion Picture and Video Industries’. Up to 4 SIC codes can be used on your annual return that relate to your company’s business. Find a list of SIC codes here.
