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Striking off a company: Get the details right - AccountingWEB
WEBMay 14, 2019 · The striking off regulations can be found under Companies Act 2006 (CA 2006) Part 31 -. “Dissolution and restoration to the register” which permits the striking off of a company in two specific instances: CA 2006 s1003 - gives the directors the right to apply. The majority of directors must agree to the closure.
Deferred tax: Get the details right - AccountingWEB
WEBDec 7, 2021 · FRS 102 /The Financial Reporting Standard applicable in the UK and Republic of Ireland /deals with deferred tax in Section 29 Income Tax. For
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Time to focus on the associated company rules - AccountingWEB
WEBMar 10, 2023 · From 1 April, the corporation tax rate a company pays in any accounting period will depend on its profits as follows: below £50,000 – small profits rate of 19%. above £250,000 – main rate of 25%. between £50,000 and £250,000 – main rate of 25% less marginal relief. These limits are much lower than they were in 2014/15 (when they were ...
Different types of company shares: A quick guide - AccountingWEB
WEBOct 14, 2022 · Some companies have multiple classes of ordinary shares, for example “A Ordinary Shares”, “B Ordinary shares” etc. This means more flexibility so that different shareholders can be paid different dividends or given different rights. Sometimes different classes of ordinary share may be of different nominal values.
How student loan repayments work in practice - AccountingWEB
WEBApr 12, 2019 · How are student loans collected? Since 1998 income-contingent student loans have been collected through the tax system, unless the borrower goes abroad for longer than three months, in which case they need to contact the Student Loans Company (SLC) directly to arrange repayments (if appropriate).
CIFAS markers: What they are and why they’re damaging
WEBJan 1, 2022 · CIFAS markers essentially act as warnings to other institutions about the risks relating to a specific individual or business. Non-business related CIFAS markers usually relate to ‘First Party Fraud’ and ‘Application Fraud’. Finding yourself slapped with a CIFAS marker - whether privately or as a business - is bad news.
When does the 5% VAT rate on building works apply?
WEBJun 17, 2019 · The 5% rate applies to building services and related materials supplied by the building contractor but not to separately purchased building materials, for example, purchases from builders’ merchants. The different categories of work have different rules and requirements for the application of the 5% VAT rate, and the supplier will need to ...
Limited by Guarantee what are the rules - AccountingWEB
WEBFeb 12, 2019 · Each company limited by guarantee must have at least one member and one director, although the same person can hold both roles. The details of initial directors and guarantors must be submitted to Companies House as part of the formation of the company and any changes to the directors must be …