Company Startsup & Business Formations
8 steps to starting a business.
To register your business online with HMRC it cost £12, and it will take approximately 24 hours for your company to be registered.
However, if you decide to register by submitting a paper application it will cost £40 and will take between 8 and 10 days for your business to be registered.
To register your business in the UK go to the Companies House website and follow the steps there, if you register your company online it will cost £12. It is possible to request that you register your business by submitting it on paper, however, it is more expensive to do it this way and will cost you £40.
First, you must set up a Government Gateway account, then you will have to wait approximately 10 days to receive your activation code.
Once you have received this follow the simple steps on your Government Gateway account to register as a sole trader.
Yes. First, you must register your company with Companies House. Then when you have recived your information through the post, which you will need later, contact HMRC and state that your company is dormant. You can call HMRC on 0300 200 3300.
It is possible that you register your business and leave it dormant for its entire existence to protect its name and stop it being used by other people.
You will have to register to for Self Assessment tax returns. Depending on the industry that you are in you may need to register for different schemes, for example, if you work in the construction industry you will have to register for the Construction Industry Scheme for tax purposes.
You will have to register for Self-Assessment tax returns to register yourself as a sole trader. It is very easy to register online as a sole trader, you need to set up a Government Gateway account, wait around 10 days for your activation code, and then follow the easy to understand steps on there.