Limited Company Director – Responsibilities
As a Limited Company Director you will need to ensure that you meet all the
statutory requirements
in running a Limited Company. 1st Contact Accounting believes in making
it as simple and as easy as possible for you to meet all your required deadlines
and dates by outlining and alerting you of all the deadlines that you are required
by law to meet as a director of a Limited Company
1st Contact Accounting offers a service second to NONE!
Ltd Company Director Responsibility
As a Director of a Limited Company in the UK, the following requirements are to be met:
- Submission of Annual Financial Accounts to HMRC and to Companies House
- Pay any corporation tax due (CT600)
- Submission of Employers Annual Return (Forms P35, P14, P11D and P11db)
- Annual or Quarterly PAYE & National Insurance payments depending on which scheme you take up
- Submission of Annual Shuttle Returns (ASR)
- Submission of Self Assessment Personal Tax Return(SA100)
- Submission of VAT returns (if registered)
Responsibilities of Ltd Companies Director: Deadlines
Quarterly PAYE and NI Payment Deadlines:
Quarter 1 – Payment Deadline 19 July For the period April 6th – July 5th
Quarter 2 – Payment Deadline 19 October For the period July 6th – October 5th
Quarter 3 - Payment Deadline 19 January For the period October 6th – January 5th
Quarter 4 – Payment Deadline 19 April For the period January 6th – April 5th
Annual PAYE and NI Payment:
Payment Deadline 19 April For period 6 April to 5 April
VAT – Value Added Tax Payment:
Submission of quarterly VAT returns Quarterly payments of any scheduled VAT or Flat Rate VAT
Company Annual Financial Accounts:
A set of company Annual Financial Accounts must be submitted to the Companies House and HMRC
Submission of Company Tax Return
Corporation Tax:
An annual corporation tax payment is due 9 months after the Annual Financial Accounts.
Personal Tax:
A personal tax return must be submitted every year by the 31st October if submitted as a paper return and 31st of January if submitted as an online return.
Annual Shuttle Return (ASR):
Form 363 is required to be submitted annually to the Companies House giving details of the company’s directors and secretary, registered office address, shareholders and share capital.
1st Contact Accounting is committed to making things as easy as possible for you, the director of a ltd company.
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