Hi, i am in need for company creation and as european citizen, i am looking for country with cheapest price for ltd formation and cheap monthly expenses. From what i found, I can register everything online for 18 pounds and have company registered in 2 days. For adress, i will use virtual office address as i am not UK citizen. (yearly expense 100pounds) my questions: 1. Ive done some research about bookkeeping / accounting and on first sight it looks like, that i need only some subscription to program like clearbooks, and i can do all myself. is that true? or are you using accountant also? if so, how much do you need to spend on him per month/year? 2. im going to sell only digital goods and services, but in whole europe, so i need to be vat payer. is it simple to become vat payer in uk? or am i wrong and i dont have to be vat payer, when selling goods to other european cities? 3. On first sight, it looks like i need only 10/month for address and 20/month for bookkeeping software. So 30 pounds monthly expenses and then paying tax for profit. is that really that simple? thanks very much for every advice guys!
1. You don't need an Accountant OR Software, you can use paper if your business isn't too complicated. http://www.hmrc.gov.uk/manuals/emmanual/em2855.htm 2.When to register for UK VAT http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm 3. Yes but allow for misc expenses. http://www.hmrc.gov.uk/vat/ http://www.hmrc.gov.uk/ http://www.hmrc.gov.uk/startingup/index.htm
Hey OP, Don't you need a postal address/nominated representative for british ltd? If I remember correctly you still need those and that's not cheap!
