Taxes in England 2016-2017

The tax system in England operates on the principle of progressive taxation. In practice, this means that over time both the individual tax rates and the band thresholds – which determine how much of your income is taxed at a given rate – change. In addition, each company has its own clearly defined deadlines for meeting its tax and administrative obligations, which include filing the annual accounts (Accounts), the Confirmation Statement and the tax return, as well as renewing the registered office.

Doing business in England means meeting a number of obligations every year, as required by legislation and the official registers. The most important include:

• regular renewal of the company’s registered office,
• filing VAT Returns for VAT-registered businesses,
• preparing and submitting the annual tax return,
• preparing and submitting the annual accounts (Accounts),
• completing and filing the Confirmation Statement with up-to-date company details,
• paying the mandatory annual fees to Companies House.

If you need someone to take on the administrative burden and oversee the running of your company in England, we will be happy to provide a complete service. We will keep track of all key deadlines, prepare your Accounts and Confirmation Statement, handle the renewal of your registered office and ensure your annual fees are paid on time. We will prepare your tax return thoroughly and file it by the required deadline.

We offer full-scale management of English companies – from filing statutory documents and handling VAT obligations to processing your tax paperwork. This leaves you free to concentrate fully on your business without unnecessary administrative worries.

Every statutory obligation has its own deadline, and missing it often leads to penalties that keep growing as the delay continues. It is therefore wise to leave deadline monitoring to professionals who will make sure no important obligation is overlooked.