An annual working/filing cycle for a Limited Company
Once set up, Limited Companies have many accounting and tax obligations and the directors are responsible for making sure all deadlines are met. Most companies will be operating a payroll and will be registered for VAT
Riverside keeps abreast of all the statutory and legal requirements and customers rely on us to ensure everything is filed on time.
A simplified summary of the main deadlines applicable to small/medium sized companies is as follows. All submissions are made electronically on line.
|Year-end accounts||Annual||Submit abbreviated accounts to Companies House||9 Months after the year end|
|Annual||Submit statutory accounts to HM Revenue and Customs (HMRC)||12 months after the year end|
|Annual||Pay Corporation Tax||9 months and 1 day after the year end|
|Annual Return||Annual||Submit Annual Return to Companies House||12 months after the date of incorporation and annually thereafter|
|VAT||Quarterly||Submit VAT return on-line and pay VAT||By the 7th day of the second month after the VAT quarter end|
|PAYE -normal||Monthly||Pay salaries and submit summary to HMRC||During each month|
|Monthly||Pay Income Tax and NI to HM Revenue and Customs on-line||22nd day of month after the payroll month end|
|Annual||Payroll year-end submissions (formerly P35)||22nd April after the payroll/fiscal year end (5th April)|
|PAYE -no employees apart from owner directors||Annual||Payroll year-end submissions (formerly P35)||22nd April after the payroll/fiscal year end (5th April)|
|P11d benefits in kind||Annual||P11d submission||5th July after the fiscal year end|
Are you worried that you still have the right set up for you? Please call us for a quick analysis.