Ongoing Responsibilities of a Limited Company in the UK

Starting a limited company is just the beginning — running one comes with ongoing legal and financial responsibilities.

Starting a limited company is just the beginning — running one comes with ongoing legal and financial responsibilities. Failing to meet these duties can result in fines, penalties, or even company dissolution. Here’s what you need to know to stay compliant and confident.

1. Filing Annual Accounts and Confirmation Statements

Every UK limited company must file:

• Annual Accounts to Companies House

• A Confirmation Statement once a year, confirming details like directors, shareholders, and registered office

These filings ensure transparency and public record accuracy.

2. Corporation Tax and HMRC Compliance

You must register for Corporation Tax and submit an annual Company Tax Return to HM Revenue & Customs (HMRC). Tax is due 9 months and 1 day after your accounting period ends.

Failure to file or pay on time can lead to interest and penalties.

3. Keeping Accurate Financial Records

Limited companies are legally required to maintain clear financial records for at least 6 years. This includes:

• Invoices and receipts

• Payroll and dividend records

• VAT and tax submissions

Accurate bookkeeping makes reporting easier and protects your company during audits.

4. PAYE and Payroll Responsibilities

If you pay employees (including yourself as a director), you must register for PAYE and report wages, tax, and National Insurance every month to HMRC. Payroll compliance is non-negotiable.

5. VAT Registration (If Applicable)

If your turnover exceeds the £90,000 threshold (2024/25), you must register for VAT. You’ll need to:

• Submit VAT returns every quarter

• Charge VAT on sales and reclaim VAT on purchases

6. Notify Changes to Companies House

You must inform Companies House if you:

• Change your company address

• Add or remove directors

• Issue new shares or change shareholding

Learn how to update your company information at Companies House.

7. Work With a Trusted Accountant

Managing all these responsibilities can be overwhelming. That’s where we come in.

At Limited Company Accountants, we handle:

• Company filings

• Corporation Tax

• PAYE and payroll

• VAT and bookkeeping

• Director salary and dividend planning

Don’t risk fines or stress — let Limited Company Accountants keep your company compliant, efficient, and audit-ready.

5. VAT Registration (If Applicable)

If your turnover exceeds the £90,000 threshold (2024/25), you must register for VAT. You’ll need to:

• Submit VAT returns every quarter

• Charge VAT on sales and reclaim VAT on purchases

6. Notify Changes to Companies House

You must inform Companies House if you:

• Change your company address

• Add or remove directors

• Issue new shares or change shareholding

Learn how to update your company information at Companies House.

7. Work With a Trusted Accountant

Managing all these responsibilities can be overwhelming. That’s where we come in.

At Limited Company Accountants, we handle:

• Company filings

• Corporation Tax

• PAYE and payroll

• VAT and bookkeeping

• Director salary and dividend planning

Don’t risk fines or stress — let Limited Company Accountants keep your company compliant, efficient, and audit-ready.

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