U.K. Professional Clients
U.K. Private Customers
Annual obligations for a subsidiary company in the United Kingdom: when you establish a subsidiary company here in the United Kingdom, there are a series of annual obligations you must meet. All the rules must be followed so that you can avoid any action against your business from HM Revenue & Customs that may affect your ability to keep your business trading.
Companies House: almost all limited companies that operate within the borders of the UK are required to file accounts with Companies House at the end of each business year. There are some exemptions, mainly dependant on the origin of your company; this is something that would be checked and confirmed in the early stages of the subsidiary company registration process.
Taxation: if your subsidiary business operates from a fixed establishment in the Great Britain (i.e. a permanent trading location or address), it will be subject to UK taxation. This would also be the case if there is a representative from your business concluding contracts on your behalf within England, Wales, Scotland and Northern Ireland - even if there is no fixed trading address for the private company.
Corporation tax is payable on profits from UK activity, and companies whose turnover exceeds the VAT threshold (currently £81,000) also have to file VAT returns each quarter.
Let us help you register a subsidiary company: as we are sure you will agree, there are quite a lot of things that you need to stay on top of. These tasks could easily eat up a big chunk of your time that would be better spent focusing on running your business. That is why it makes sense to entrust the ongoing management of your subsidiary to us. Here at Coddan, we have extensive experience in guiding limited companies through the correct annual management of their subsidiary offshoots. Our services leave our clients free to get on with their day to day operations.