How quickly can I register a limited company in the UK?
Online incorporation through Companies House is usually complete within 24 hours, and often the same working day. Postal applications take eight to ten days. The UK is among the fastest jurisdictions in the world to form a company — the work that actually takes time is what comes after: opening a business bank account, and registering for VAT and PAYE.
Do I need to be a UK resident to be a director?
No. Directors of a UK limited company can live anywhere. What the company needs is a registered office address in the UK, which is where Companies House and HMRC send statutory mail. Non-resident directors do commonly hit friction at the bank account stage, since most UK banks want to see a UK-resident director or a genuine UK trading presence.
When do I have to register for VAT?
Registration is mandatory once your taxable turnover crosses £90,000 in any rolling 12-month period, or if you expect to cross it within the next 30 days alone. You can also register voluntarily below the threshold, which lets you reclaim input VAT — worth doing if you are buying more than you are selling, or if your customers are VAT-registered businesses who do not care about the added 20%.
What is a Confirmation Statement and how is it different from accounts?
They are two separate filings that people often conflate. The Confirmation Statement (CS01) confirms your company's registered details — address, directors, shareholders, PSCs — and is due at least once every 12 months. Annual accounts report your finances, go to both Companies House and HMRC, and follow your accounting reference date. Missing either one carries penalties, and persistent failure can lead to the company being struck off.
What is the UK corporation tax rate?
The main rate is 25% on profits above £250,000. Companies with profits under £50,000 pay the small profits rate of 19%, and profits between the two thresholds attract marginal relief, which tapers the effective rate between 19% and 25%.