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Knowledge

UK Invoice Requirements and Template

It is a legal requirement for all sizes or nature of business to issue invoices for goods or services provided to customers in the UK and rest of the world. The invoice must contain certain information to comply with UK tax regulations and to ensure that the transaction is properly recorded as record-keeping is essential for both of all businesses and HMRC.

Allotment of New Company Capital Share in the UK

UK limited companies can increase share capital at any time during the life of the company. The company needs to administer the company secretarial work and complete all the compliance work within the time allowed by Companies House.

Tax Issues of Share buyback in the UK

A listed company usually buys its own shares back in the stock market while a private company buys its shares back by agreeing a price with the shareholders. However, a listed company can also choose to operate a share buyback from the intermediary who was instructed to act as principal for the company or to act as its agent in buying back shares from shareholders, on- or off-market.

Notarization and Legalization for UK Documents

When an individual or a UK company intends to undertake investment or legal proceedings in another country or area, the competent authority, court or business partner, etc. of that country or area may require the person or company to notarize and legalise for the documents issued in the UK such as identity cards, passports, company incorporations, shareholder resolutions, and etc.

2023 New System of Late VAT Return Submission and Payment in UK

Starting on 1 January 2023, the default surcharge will be replaced by a new system of charging penalties for late submission of VAT returns and late payment of VAT.

Share Buyback in the UK

A share buyback is a transaction between an existing shareholder and a company. A share buyback by a limited company can be done either through an off-market purchase or a stock market purchase, while private company buyback is through off-market only.