The limited company dates that you need to know about

Do you know what the key limited company dates are? And more importantly - what happens if you miss a deadline?
Well, don’t worry! In this video, Nicholas Campion - our resident company expert - walks you through the company dates that you need to know about, and also discusses the consequences of missing important deadlines.
Chapters:
0:00 Intro
0:44 The confirmation statement dates
3:31 The annual accounts dates
6:15 Corporation Tax and Company Tax Return deadlines
7:55 Conclusion
Website: www.1stformations.co.uk/
Blog: www.1stformations.co.uk/blog/
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Instagram: / 1stformationsofficial
LinkedIn: / 1st-formations
Twitter: / 1stformations
#CompanyFormation #LimitedCompany

[@NOVELTYWONDERS]

I love how clear and precise you explain things. Makes everything very easy to comprehend . Thank you for sharing, very well delivered.

[@1stformations]

We're glad you enjoyed the video! Have you checked out any of our other videos?

[@eternalgrowth360]

You’re welcome and yes I have, I am happily watching all videos, one of my first POC. Thanks again and keep up the good work, you’re doing a great job.

[@estherhendricks7133]

Thank you, I’m so glad that you’re with me every step of the way.

[@1stformations]

Thank you for your lovely comment, Esther! We're always happy to help. Is there a topic you'd like us to cover in our next video?

[@darkdancer1983]

Love this video, this is so useful! Keeping all the dates in mind can be really confusing but this explanation makes it much easier, so thank you 😊

[@1stformations]

Thanks so much for taking the time to comment. We're glad it was useful.

[@cinthiavargasferrando4289]

Great video! So easy to follow. There is no way that I will miss any of my deadlines now, thank you so much!

[@1stformations]

You are so welcome! Thanks for the comment.

[@samb3151]

Great video! Thanks, much easier to understand the dates as per the examples given

[@1stformations]

Glad it was helpful!

[@keziahcowan648]

So many dates . . . this video really helps with the ones I actually need to worry about!

[@1stformations]

We're glad you found it useful!

[@ninawaller615]

So useful! Thank you so much :)

[@robkeys2115]

Great video again, this really puts my mind at rest knowing I am not missing any important filings! :)

[@1stformations]

We're glad it was helpful!

[@TheKurlyKam]

Definitely easier to understand in video format! Thanks

[@1stformations]

You're welcome! Is there anything you would like us to cover in a future video?

[@hawkdene123]

Only date I’m interested in is one with Nicholas 😍

[@1stformations]

Hahaha - we'll pass the feeback on to Nicholas :)

[@florentessissewa9815]

Thank you very much for the video, it's really useful.

[@1stformations]

That's brilliant to hear! Thanks for the comment.

[@ameliafrench9459]

This is very useful as it's easy to forget some of these important dates! :)

[@1stformations]

Glad you think so! Thanks for taking the time to comment.

[@sergiomaniega4127]

Hi, great video. I read a LTD do not need to pay taxes until reaching 85.000 GBP in sales, is that true? If I don´t reach that amount, do I still need to fill the company tax return?

[@kristinadenicuk6453]

Thanks for the video very insightful!

[@1stformations]

Thanks for the kind words!

[@jessebhogal2837]

Excellent stuff @1st Formations

[@1stformations]

Glad you liked it!

[@ahmadzaisadat1236]

Can you make a video about Tax should I pay or No? and more information about what should I do my company Registered that is private LTD company by shares I have find UTR number and authentication code should I register any thing with HMRC or No?

[@1stformations]

That's a great idea - we'll add that to our list :) HMRC will send you a letter shortly after incorporation with further information about what you need to do with them. Have you received this letter? It's the letter that includes the UTR.

[@pedromartonpereira3661]

Great video, very helpful!

[@1stformations]

Thanks for the feedback! Do you run your own business?

[@shab4294]

Great video! Thank you for the explanation

[@1stformations]

Thank you for your kind message. We're glad you found the video helpful. How long have you owned a limited company for?

[@shab4294]

Since end of November last year. So I should submit my account before end of August this year?

[@1stformations]

@@shab4294 Your first set of accounts will be due 21 months after the date of company formation. This should be August 2025 if your company was incorporated in November. You can check the exact date by searching your company name here - find-and-update.company-information.service.gov.uk/.

[@shab4294]

Thank you so much for your help and advice. Really appreciate it.

[@1stformations]

@@shab4294 You're very welcome! Is there a topic you'd like us to cover in our next video?

[@msSIMO]

Very nice ❤

[@johncarpenter8651]

Thanks for the video. Great to have all these dates in one place. Can you make a similar video about any other hmrc dates we should be aware of?

[@1stformations]

Thanks for the idea! We'll add that to our list.

[@colminvienaitrang7256]

Very Helpful? Thank you very much

[@1stformations]

Thank you for your kind comment. Do you own your own company?

[@colminvienaitrang7256]

​@@1stformations Yes sir. My company was set up for the ​ @1stformations

[@1stformations]

@@colminvienaitrang7256 Amazing! What has the experience of running your own company been like?

[@Yodabookeeping]

Great Video! clear, concise and easy to follow with the examples you provide.

[@1stformations]

Thank you. Do you have a limited company?

[@Yodabookeeping]

@@1stformations Hello yes Yoda is Ltd

[@1stformations]

@@Yodabookeeping Fantastic - I take it you do bookkeeping? What type of companies do you do it for?

[@Yodabookeeping]

@@1stformations Hello I have a mixture of clients in manufacturing and Social Enterprise retail.

[@1stformations]

@@Yodabookeeping Great - how do you get your clients, word of mouth or marketing?

[@doriasalvador8581]

Great!!!

[@1stformations]

Thanks for taking the time to comment!

[@MehdiLSG]

Very insightful and easy to follow video. Thank you @1st Formation! One question if you may: I missed registering for corporation tax with HMRC within 3 months. I was not aware of it. My company has been trading for a year now. Will it be any penalties for a late registering?

[@1stformations]

We're glad you found it useful! We recommend contacting HMRC in regards to this. You'll find more information here: www.gov.uk/guidance/corporation-tax-penalties We hope that helps.

[@paultavener1544]

Great video. Regarding registering with HRMC within 3-months of starting to trade, what counts as 'starting to trade'? For example if a business has been paying suppliers as part of setting their business up but have not actually started selling products or services to customers yet, does this count?

[@1stformations]

Thanks for the question! HMRC appears to have a wide definition of what constitutes trading. The government's website defines an active company as one that is “carrying on business activity, trading or receiving income”, so your example given may well fall within this definition. As usual, however, if you are unsure, we would suggest seeking specialist tax advice.

[@hajarboujetoy4310]

Very helpful thanks

[@1stformations]

You're welcome! Do you run your own business?

[@hajarboujetoy4310]

@@1stformations Yes, but i am still in the beginning of the activity, i created my company in april 2022 through 1st information

[@1stformations]

@@hajarboujetoy4310 That's great to hear! We hope everything is going well. Is there anything that you would like us to cover in a future video?

[@hajarboujetoy4310]

@@1stformations if you could talk about what we need to know about taxes to be paid during the year,rates and exeption limits. Thanks for your question

[@1stformations]

@@hajarboujetoy4310 Great idea, we'll add that to our list!

[@muhammadmujahidhussain7495]

Great video. Regarding registering with HRMC within 3 months of starting to trade, If I haven't started trading yet than still I am required to register for corporation tax?

[@1stformations]

Hi Muhammad, you are not required to register for Corporation Tax if you have not started trading; however, you should register your company as Dormant if this is the case, otherwise you will be expected to provide information relating to Corporation Tax around the time of your company's next accounting period end date. When do you intend to start trading?

[@ahmadzaisadat1236]

Hello Dear teacher Thanks alot for your nice class and information I have a question I have registered private Limited company by share for online business should I register VAT and Tax online form or No With Best Regards Sadat

[@1stformations]

Thanks for the question! You don't need to register for VAT until your annual turnover exceeds the £85,000 - so if you are making that much, you will need to register. However, you can also register voluntarily too, if you wish. There are a number of benefits to doing this. You can find out more here: www.1stformations.co.uk/vat-registration/ Can you clarify your question about Tax, please?

[@homelabchannel6593]

Thank you, can you make short video about proper bookkeeping, categories, etc.?

[@1stformations]

That's a great idea. We'll add that to our list - thank you!

[@dhfdb6664]

Do you need an account for crypto currency

[@1stformations]

Hi - we do not need an account for crypto currency, but thanks anyway. Are you trying to recommend one?