Companies Act 2006 - 1 Oct 2009

• Companies to use new statutory forms for filing statutory information to Companies House.

• Directors to provide service address for public record instead of residential address.

• Companies to provide Single Alternative Inspection Location - SAIL address if company records and registers are not kept at registered office.

Reminders for Directors

• Registrar of Companies issue late filing penalties from £150 to £7,500 to companies if file company accounts late.

• Companies House maintains companies information for public inspection.

• Companies House will remove Companies and LLP if Annual Return was not filed on time.

• Small and medium sized companies are eligible to file abbreviated accounts to Companies House which put less information for public records.

VAT Administration and Obligations

• Small businesses must register for VAT if sales are expected to be more than £68,000.

• VAT Registered companies must file VAT returns to HMRC promptly.

• Small companies may opt for VAT cash Accounting Scheme if sales are below £1.3 million.