Incorporation checklist

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					CHECKLIST FOR NEW LIMITED COMPANY

POINT   REQUIREMENTS                                          ACTION BY UK TAX               ACTION BY            DONE
                                                                  ADVISERS                  CONTRACTOR
        HM REVENUE & CUSTOMS
1       New co forms: 64-8s & CT41G                         To complete                  N/A
2       Set up new PAYE scheme                              To complete                  N/A
        VAT
3       VAT registration                                    To complete                  N/A
4       VAT flat rate application                           To review if beneficial      N/A
5       Set up online VAT returns                           To complete                  Advise us of code on
                                                                                         receipt.
        NIC CONTRIBUTIONS AGENCY
6       Advise HMRC of cessation of self employment         Only if self employed        None
7       Cancel NIC direct debits from agreed date           Only if self employed        Only if self employed
        BANK
8       Set up bank account                                 Fill in forms or do online   To sign forms and
                                                                                         visit bank with ID.
9       Send bank certificate of incorporation and          To send to contractor &      To send to bank
        memorandum and articles to enable set up of new     agency
        company bank account.
        BOOKEEPING
10      Discuss new procedures                              Email to contractor &        To provide quarterly
                                                            explain how it works         for VAT returns
11      Arrange for change of year-end if necessary.        Review best date for year    None
                                                            end
        STATIONARY
12      Advise client of company number                     To do                        Make a note
13      Ensure stationary is in Limited companies name,     None                         Contractor to do
        show limited company, registered office address &
        on emails.
        GENERAL
14      Advise staff of change – TUPE.                      Only if have any staff       Only if have any staff
15      Write to suppliers and customers. Consider any      To advise contractor         Contractor to do if
        implications re licenses, supply agreements and                                  applicable
        contracts e.g mobile phone/broadband
16      Set up insurance policy                             None                         Contractor to do
17      Money Laundering regulations                        To request from agency       Provide if info not
                                                                                         with agency

				
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