Payroll in UK|Online Payroll payment in UK|Payroll paye in UK|Payments to your employee in UK|Payroll Records in UK|HMRC in UK|Payment of Tax & NI deductions to HMRC

PAYROLL IN UK

As an employer, you normally have to operate PAYE as part of your payroll. PAYE is HM Revenue and Customs’ (HMRC) system to collect Income Tax and National Insurance from employment. You don’t need to register for PAYE if none of your employees are paid £112 or more a week, get expenses and benefits, have another job or get a pension. However, you must keep payroll records. Tax month runs from 6^th of one month to the 5^th of the next month. Tax year starts from 6^th of April to the 5^th of April

1.    How does it work?

When paying your employees through payroll you also need to make deductions for PAYE(Pay As You Earn).

Payments to your employees

·         Payments to your employees include their salary or wages, as well as things like any tips or bonuses, or statutory sick or maternity pay.

Deductions from their pay

·         From these payments, you’ll need to deduct tax and National Insurance for most employees. Other deductions you may need to make include student loan repayments or pension contributions.

DEADLINES:

·         Claim any reductions on what you’ll owe HMRC by sending an EPS by 19^th.

·         Pay HMRC by 22^nd (or 19^th if paying by post).

·         Payment of Tax & NI deductions to HMRC remain the same, either on 19^th or 22^nd of the month or quarter following the representing period.

2. Compliance:

   Reporting pay and deductions

     If you run payroll yourself, you’ll need to report your employees’ payments and deductions to HMRC on   or before each payday. Your payroll software will work out how much tax and National Insurance you owe, including an employer’s National Insurance contribution on each employee’s earnings above £155 a week. You’ll need to send another report to claim any reduction on what you owe HMRC, e.g. for statutory pay.

Paying HMRC

 You’ll be able to view what you owe HMRC, based on your reports. You then have to pay them, usually every month .If you’re a small employer that expects to pay less than £1,500 a month, you can arrange to pay quarterly.

3. Cost: Cost for payroll management depends upon the number of employee.

 4.  HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. To know more about our services and charges log on to: www.globalcompanyformations.co.uk

Contact us: + 44 020 799 359 29

We cover Payroll services in the following places : Redbridge,Southwark,Sutton,Tower Hamlets,Waltham Forest,Wandsworth and Westminster.

VAT at UK|VAT services UK|VAT Registration UK|Online VAT Registration in UK|VAT rate and where is it Charged?|Who should pay VAT in UK|VAT Registration for Business|VAT Return UK|Register for VAT|cost for VAT Registration is £60.00

VAT AT UK

1.      Who needs to register for VAT?

All businesses that provide "taxable" goods and services and whose taxable turnover exceeds the threshold must register for VAT. The threshold to register for VAT is £83,000.  Businesses may choose to register even if their turnover is less than that amount. All registered businesses must charge VAT on the full sale price of the goods or services that they provide unless exempted or outside the VAT system.

2.      What are the different kinds of VAT rate and where is it charged?

VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the European Union

The VAT rates used in UK are 20% (standard rate), 5% and 0%.

3.      Who should pay VAT?

 You can only charge VAT if your business is registered for VAT.

VAT is charged on things like:

·         business sales - e.g. when you sell goods and services

·         hiring or loaning goods to someone

·         selling business assets

·         commission

·         items sold to staff - e.g. canteen meals

·         business goods used for personal reasons

·         ‘non-sales’ like bartering, part-exchange and gifts

   These are known as ‘taxable supplies’.

4.      What should a VAT registered business do?

          VAT-registered businesses:

·         must charge VAT on their goods or services

·         may reclaim any VAT they’ve paid on business-related goods or services

5.      When should the VAT returns be filed?

The deadline for submitting the return online and paying HMRC are usually the same - 1 calendar month and 7 days after the end of an accounting period. You need to allow time for the payment to reach HMRC’s account.

     6.Cost: cost for VAT registration is £60.00

7. HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. To know more about our services and charges log on to: www.globalcompanyformations.co.uk

Contact us: + 44 020 799 359 29


We cover VAT services in the following places : Hammersmith and Fulham,Haringey,Harrow,Havering,Hillingdon,Hounslow,Islington,KensingtonandChelsea,Lambeth,Lewisham,Merton and Newham.

Online company formation UK|Fastest online company formation UK|Free online company formation UK|Cheap online company formation UK|Simple company formation UK|Best company formation UK|Better company formation UK|Company Formation UK|UK company Formation UK,London,liverpool,belfast,barnet|Online company Formation UK|Online business Start up UK

The aim of our company is to provide different types of services to start a business mainly in UK and anywhere in the world. We have expert and experienced team for managing accounts and business consultation. If you start a business with us our specialized and dedicated team will help you at any time. If you have any complaint about our services you are always welcome to communicate with us. Our business team is always ready to hear your complaints and solve it.

Services of Company Formation UK

1. Company Formation
2. Business Consultancy
3. Accountancy
4. Taxation services
5. Payroll services
6. Other business services

Register your UK Company in 4 simple steps

1. Search UK company name
2. Choose package
3. Check out
4. Completer registration

Don’t waste your time to start a company. It’s your right time to start your own company.

Address

Global Company Formation UK.Ltd

suit-6 westward House, Glebeland Road,

Camberley, Surrey, GU15 3DB,United Kingdom

Ph:+44 02079935929

Email: info@globalcompanyformation.co.uk

Website: www.globalcompanyformation.co.uk

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We Cover our Company Formation UK services in the Following Places : Aberdeen,Armagh,Bangor,Belfast,Bristol,Canterbury,Cardiff,Carlisle,Chelmsford,chester,chicheste,conventry,Derby,Derry,Dundee and Durham.

HOW TO FORM A SCOTTISH LLP?|company formation Scotland|Scotland company formation|Business in Scotland|Accounting work Scotland|Online work UK,London,Watford

HOW TO FORM A SCOTTISH LLP?

Like a general partnership, Limited liability partnership must consist of two or more partners who carryon business with a view to profit. Scottish LLP is a unique vehicle. It has been used in the recent times for private equity and property investment fund structures. The Scottish LLP can be a main funds vehicle because: it can hold assets in its own name; there can be multiple but passive investors (the limited partners); only one person manages the investments and business of the partnership (the general partner).

1.      Requirements:

·         At least one general partner.

·         One limited partner.

·         LLP Agreement: A limited liability partnership agreement sets out the details of the LLP, its members, their profit shares, capital contributions and, most crucially, the rules for leaving the LLP.

·         Management functions are only for general partner.

·         Limited partners are liable only to the extent of their capital contribution.

2.      Advantages: 

·         Separate legal entity: it can own its own assets, enter in to contracts, sue or be sued, own property, borrow money and grant certain types of security.

·         Tax transparency: no tax is payable by Scottish LLP itself. Instead UK tax authorities will look through the partnership structure and partners are taxed on their profit sharing ratio.

·         Limited management participation: management and control rests with general partner or manager appointed by the general partner.

3.      Cost: cost forming Scottish LLP is £60.

4.      Can non-UK resident be a partner in Scottish LLP?

·         Yes, a non- UK resident can be a partner in Scottish LLP.

·         The tax rate for a company will depend on the residence of a partner.

·         If your partner is a resident of UK then he or she will have to pay tax on their shares of profits in UK.

·         If the partners are not residents in UK and do not conduct any business in the country, they will not pay any tax in UK only at their own jurisdiction.

5.      HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. To know more about our services and charges log on to: www.globalcompanyformations.co.uk

Contact us: + 44 020 799 359 29

Form a UK Limited Company|Limited Company Formation UK|LLP company formation in UK|Ltd company formation UK|Limited Liability Company formation in UK|

HOW SIMPLE IS IT TO FORM A UK LIMITED COMPANY?

Majority of the companies registered at UK are private limited companies by share. This is a popular structure because directors can be anywhere from the world, they need not be a UK resident. He can run his business from his home country. You just need a registered office address at UK.

1.      Advantages:

·         One director

·         One shareholder

·         Director and shareholder can be one and the same person.

·         Formation takes only 3 hours.

·         Company formation is completely an online process. There are no documents to sign.

·         UK registered address: no need to separately hire a place for a starting company .They can use their home address / accountant address.

2.      Compliance:

At the end of the financial year, accounts must be prepared and filed with Companies house and tax office (HMRC) before their due dates.

·         For Companies house: accounts should be filed within 9 months of the financial year end.

·         For Tax office (HMRC): Tax return should be filed within 12 months after the end of the accounting period it covers. If tax liability is there, Corporation tax should be paid within 9 months and 1 day after the end of the accounting period.

3.      Cost: Cost for forming UK ltd Company is £ 13.

4.      HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd. is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. To know more about our services and charges log on to: www.globalcompanyformations.co.uk

Contact us: + 44 020 799 359 29

We cover our UK Limited Company Formation service in the following places : Barking and Dagenham,Barnet,Bexley,Brent,Bromley,Camden,Croydon,Ealing,Enfield,Greenwich and Hackney.

Company Formation in Basildon|Online company formation in Basildon|Form a company in Basildon|Business start up in Basildon|online company registration in UK|Free company Formation|Fastest company formation UK,Basildon,Cheap company formation Basildon,UK

Company formation Basildon  £11.99

We provides four main packagesfor your company formation in Basildon. Select one package to start business inBasildon and earn money. We provides other  additional services like online companyformation services and online accounting services in Basildon. Basic packageincludes £11.99 amount and it is lowest price start business in Basildon,UK.Register your company with us now. We also provide private limited companyformation in Basildon. Company Formation process takes only 3 hour and choose us global company formation for your business start up in Basildon,UK.

Company Formation London

Company Formation London

Start your new company in London for just 11.99 pounds. For your company start up in London only needed 2 hours, don’t waste your time start your new business in London with us. We provide four package for company formation in London.  Our main services

-Company formation London

-business start up London

-Accounting services London

-Tax return London

-Tax filing London

-Bookkeeping services London

-Payroll services London

-Payroll processing London

-Online company formation London

-Company Accounts preparation London

-Internal Audit London

-Bank Account Opening London

-VAT registration London

-VAT services London

-Accounts outsource London

-Staff outsourcing London