After your have formed your company you will be contacted by HM Revenue and Customs about tax issues that your company will need to deal with.

Their first contact with you will normally be to send you a CT41G form, which requires you to provide some basic information about the company and the directors so that a record can be set-up for the company. The information they require through this form ranges from the company’s name and registered office address to confirmation of whether the company has any PAYE obligations and who will deal with the company’s tax matters. If your company is going to be dormant you will need to fill in a CT41G Dormant Company form instead and fill in the normal CT41G form when you begin trading.

A benefit of having your registered office address at your accountant’s office is that the CT41G form will be sent directly to your registered office address.  This means that your accountant will be able to deal with the form quickly for you, which is helpful as the form must be completed within three months of your company incorporation. If you do not file the form within this time frame you can be fined.

Dealing with the tax affairs of a company can be confusing and most companies will appoint a Chartered Accountant to act on their behalf soon after their incorporation so that they can be sure that all compliance matters are dealt with correctly.  Wisteria Chartered Accountants offers more information about tax matters, visit www.wisteria.co.uk

Alternatively you can complete your company formation here: www.wisteriaformations.co.uk