Provided that the profit does not exceed £ 300,000, the company tax in the UK is 19%
If the profit exceeds £ 1,500,000, the tax rate is 28% (or 26% if the company was incorporated after April 20, 2011).
A VAT number can be obtained within two weeks (UK bank account required). The VAT number is provided by the UK tax authorities; Offshore – Express cannot give any guarantees that it will be provided. The VAT rate as of April 4, 2011 is 20% (previously 17.5%). VAT only becomes mandatory if the company’s turnover exceeds £ 77,000 in the last 12 months of operation.
When do you need to send your tax return to the tax authorities?
Within nine months after 1 year from the date of registration of the company.
Example: If the company was incorporated on September 14, 2010, from September 14, 2011 there will be a nine month period for preparing and filing a tax return. Offshore – Express will be able to contact you at a suitable time to request the necessary accounting documents from you.
UK accounting pricelist
The following price list includes the following services:
- Accounting;
- balance;
- financial report;
- calculation of taxes;
- filing a tax return to the authorities.
| VAT and ECSL declarations | Price |
| UK Quarterly VAT Returns | £ 150 for quarterly income |
| UK VAT declaration for “dormant” or “non-commercial” | £ 50 for quarterly income |
| EU UK Sales List Declarations (ECSL) | £ 50 for quarterly income |
| Transaction / Recording | Price |
| 1 – 15 | £ 400 |
| 15 – 50 | £ 400 – 600 |
| 50 – 100 | £ 600 – 800 |
| 100 – 150 | £ 800 – 1200 |
| 150 – 350 | £ 1200 – negotiable |
| The company with an inactive account does not engage in any activity with the registration (ie. E. None of banking operations , no invoices, supplier, any invoicing to customers). | £ free |
| The company with a non-trading account did not conduct financial activities in the “last fiscal year”, but did business in any prior periods. | £ 350 |
