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We are an accounting office and formation agent for business entities in Great Britain. We have years of experience in forming and incorporating companies in England, Wales, Scotland, and Northern Ireland. Our offer includes accounting services for companies and individuals. We are also authorised agents of HMRC in the area of PAYE, CIS, VAT, and income tax — agent number: N5824L. We meet British regulations relating to the collection and storage of personal data. Our company is registered as a data controller at the British Data Protection Commissioner under number Z3485476. We also meet all the requirements arising from the Money Laundering Regulations — number: MLR 12396388.
We maintain full Professional Business Indemnity Insurance. “Ksiegowi.co.uk” belongs to “Firma w Anglii Ltd.” group registered in the UK under number 6489566.
Company in UK
Limited companies and sole traders are obliged to submit annual financial statements of revenues, costs, and profit generated, for which a tax due is calculated.
Limited
Private Limited company is the most popular form of entity in the United Kingdom. The liability of shareholders is limited to the declared authorised share capital. Limited companies have their own legal personality.
English limited company is a counterpart of Polish “spółka z ograniczoną odpowiedzialnością”. Limited companies have legal personality. The finances of such a company are separate from the finances of the company’s owners. Shareholders’ liability is proportionate to the amount of their contribution — the value of shares they hold. For limited companies, there are no requirements regarding the minimum registered capital. However, at least one share must be issued. The roles of director, secretary, and shareholder may be taken by natural persons or other companies. Profit of a limited company is subject to corporation tax. Limited company is reliable and the most popular form of business in Great Britain. You can start and run an Ltd. company even if you are not a resident/inhabitant of the UK. In order to incorporate a company, only one person is required (who takes the role of director and shareholder at the same time), while the function of secretary is optional in the UK. A person/persons making up the structure of a limited company does/do not have to be a resident/residents of Great Britain; they can be citizens of any country in the world.
Requirements
- DIRECTOR: At least one director is required. Minimum age: 16 years old.
- SECRETARY: The function of secretary is not required for companies in Great Britain.
- SHAREHOLDER: At least one shareholder is required. The function of director and secretary cannot be performed by the same person/company. The function of director and shareholder can be performed by the same person/company.
- SHARES AND CAPITAL: The standard share capital is GBP 1,000.00 divided into 1,000 shares, GBP 1.00 each. The capital is declared and not paid to the company’s account, contrary to Polish “spółka z o.o.”.
- ADDRESS: English address is required. It must be an address in Great Britain. Upon request, we can provide registered address service in London for GBP 150.00 per year, including taking care of official correspondence and relationship with British authorities and possibility to forward business correspondence to a client’s address.
- COMPANY NAME: Your company’s name must end with Limited or Ltd.
Additional information
- Company status: UK Private Limited Company.
- The most prestigious form of a business entity recognised and respected all over the world.
- One fixed tax rate.
- 19% tax for companies with any income.
- Obligation to submit confirmation statement regarding the company status and any changes in its structure.
- Obligation to submit annual accounts.
- A limited company may participate in any legal commercial activity within Great Britain and all over the world.
- Mandatory VAT registration and VAT returns if turnover exceeds GBP 85,000.
- Possibility to hire employees.
- Obligation to maintain appropriate financial documentation.
- Possibility to open a branch in other EU countries.
Incorporation procedure
- Selecting a package.
- Filling in the form on the company’s structure ("order now" button).
- Sending copies of documents regarding all the persons making up the company’s structure (via email or fax): confirming their identity (e.g. passport, identity card), confirming their address (e.g. driver’s license, energy bill, bank statement).
- Making the required payment.
- If the form does not meet the applicable requirements or the proposed name for your new company is not available, our consultants will immediately contact you to resolve any issues.
- The company is incorporated within several hours and documents are sent to you via electronic mail.
AVAILABLE PACKAGES FOR LIMITED COMPANIES
Package
Basic 39
On-line registration usually within several hours - entry into the British Registry,
Verification whether the company name is available,
The price includes all the government fees,
Company incorporation using information provided by the applicant,
Sending documents electronically,
Basic business documentation: Certificate of incorporation, articles and memorandum of association, minutes of the first meeting of the board of directors, share certificate(s), invoice.
Package
Premium 99
On-line registration usually within several hours - entry into the British Registry,
Verification whether the company name is available,
The price includes all the government fees,
Company incorporation using information provided by the applicant,
Sending documents electronically,
Rich business documentation: Certificate of incorporation, articles and memorandum of association, minutes of the first meeting of the board of directors, share certificate(s), register of directors, secretaries, and shareholders, invoice,
Sending original documents by safe registered mail,
Free-of-charge hour-long financial and tax consultation,
Tax registration with HMRC,
Discounts for other services ordered along with the incorporation.
Package
Platinum 400
with registered address and Apostille
On-line registration usually within several hours - entry into the British Registry,
Verification whether the company name is available,
The price includes all the government fees,
Company incorporation using information provided by the applicant,
Sending documents electronically,
Rich business documentation: Certificate of incorporation, articles and memorandum of association, minutes of the first meeting of the board of directors, share certificate(s), register of directors, secretaries, and shareholders, invoice,
Sending original documents by safe registered mail,
Free-of-charge all year financial and tax consultations,
Tax registration with HMRC,
Discounts for other services ordered along with the incorporation,
Notarial copy of documents and apostille certification necessary to open a branch or bank account outside the UK,
Polish version of the articles and memorandum of association,
Registered address service for one year from the company incorporation date,
Taking care of official correspondence, possibility to forward business correspondence,
GBP 57.00 discount comparing to standard prices.
Self-employment
Self-employment is the simplest way to do business in the UK. It is a one-person business activity for an individual. Sole Trader does not have a legal personality or capital.
Self-employment (sole trader) is a business run by a single person. Self-employment is the simplest form of business activity in Great Britain (England). In order to register as a sole trader, you need a National Insurance Number. You need to register as self-employed within three months from starting the business. As a sole trader, you do not have legal personality. A self-employed person bears full financial responsibility for their business. Starting business as a sole trader does not exclude you from being employed under an employment contract. Sole-traders are subject to personal income tax and are obliged to pay national insurance contributions. Self-employed persons may enter into partnerships. Only residents of Great Britain (who hold a personal address in the UK and have a National Insurance Number) may register as self-employed.
Additional information - 2017/2018
- Obligation to submit annual tax returns.
- Mandatory VAT registration and VAT returns if turnover exceeds GBP 85,000,00.
- Possibility to hire employees.
- Obligation to maintain appropriate financial documentation – storage of documents and bills for a period of 5 years.
National Insurance - 2017/2018
- Class 2 – annual net income up to GBP 8,164.00 – GBP 2.85 per week
- Class 4 – net income more than GBP 8,164.00 – GBP 2.85 per week plus 9% of the income in excess of GBP 8,164.00 up to GBP 43,000.00. Additionally, a charge of 2% for the income in excess of GBP 45,000.00
The following persons may be exempt from paying national insurance contributions: women over 60 years old, men over 65 years old, persons having a Certificate of Small Earnings Exception – net income no more than GBP 6,025.00.
Taxes - 2017/2018
- The first GBP 11,500.00 are tax free.
- 20% tax rate for the taxable income: GBP 11,501.00 – GBP 45,000.00
- 40% tax rate for the taxable income: GBP 45,001.00 – GBP 150,000.00
- 45% tax rate for the taxable income in excess of GBP 150,000.00
AVAILABLE PACKAGES FOR SOLE TRADERS
Package
Premium 50
Registration as self-employed
Free-of-charge hour-long financial and tax consultation
"Starting up in business" - guide on self-employment
Sample invoices
Sending documents electronically
5%–10% discount for all our remaining services
Income Tax
Limited companies and sole traders are obliged to submit annual financial statements of revenues, costs, and profit generated, for which a tax due is calculated.
Limited
The income tax rate for limited companies is fixed at 19%. Limited companies have no tax-free amounts and end their financial year after 12 months from the incorporation date.
Self-emplyment
Personal income tax is calculated based on tax thresholds: 0%, 20%, 40% and 45%. In England, a financial year for sole-traders ends on 5 April.
(partnership and two partners) from 250 £ per year
VAT
In Great Britain, VAT registration is obligatory for every business entity the turnover of which exceeds GBP 85,000.00 per fiscal year. It is possible to register for VAT voluntarily if you have lower turnover. However, dormant businesses cannot apply for VAT number.
As of 01/01/2011, the standard VAT rate in Great Britain is 20%.
Payroll
Each business in England is entitled to hire employees (the UK residents) under British PAYE. Our company will help you calculate appropriate tax and National Insurance contributions and will prepare professional payslips.
We also prepare CIS subcontractor tax returns.
Contact
If you have any queries or require more information on incorporation or accountancy services that we offer please contact us and will be more than happy to assist you.
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Office
590 Kingston Road
show on map
London
SW20 8DN
United Kingdom -
Phone
GB +44 208 540 3282
PL +48 22 2701 282 -
Fax
+44 870 486 7757 -
Email
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Skype
