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Contractors Accountants UK – Understanding Confirmation Statements

Contractors accountants UK wide can help you to ensure you are adhering to your responsibilities as the director of a limited company. One of these tasks is confirming your business details with Companies House once each year. This is done via a Confirmation Statement.

This document came into play in June of 2016. It replaced what was then known as an Annual Return. It is a criminal offence if you do not file a Confirmation Statement. This is one reason why it is a good idea to hire a tax return accountant to keep on top of your contractor accounts and handle documents like this. Confirmation Statements need to be submitted within 14 days of the due date, which tends to be a year after the date you completed your last statement, or a year after your incorporation. You may be wondering what the difference between a confirmation statement and annual return is. The only difference between the two is that the Confirmation Statement includes details regarding ‘Persons of Significant Control’ for the Companies House PSC Register. This relates to anyone that has the right to exercise significant control or influence over a company. It also incorporates anyone who holds the right to remove or appoint the majority of the board of directors, and has more than 25 per cent of voting rights or shares in the business. To complete this statement, you must provide information such as, the details of company secretary, registered office address of the business, company type, principal business activities of your company, details of the shareholders and directors, and alike.

This is why it is beneficial to hire one of the available contractors accountants UK based that can assist with this, and who better than AMG Financial Chartered Tax Advisers & Accountants? We have an outstanding reputation in the industry. To discover more about what we can do for you, head to http://amgfinancial.co.uk.