Hi. My friend and I are looking into the rules of a Limited Company. We have had a business idea - and it looks like a Ltd set up is the best, due to the limited personal liability. But in what way are these company taxed? What are the obligations each year?
Of course you are aware that no matter which form or shape your future firm might take on, you will have to pay tax . In the case of a Ltd company, you will have to file form P35, or annual employers return. The P38a Employers Supplementary Return is also a must, as is making sure your financial statements are in in time! And don't forget the annual shuttle return.
. In the case of a Ltd company, you will have to file form P35, or annual employers return. The P38a Employers Supplementary Return is also a must, as is making sure your financial statements are in in time! And don't forget the annual shuttle return. 
