The recurring company obligation.
WHAT AN ANNUAL RETURN IS
A yearly filing confirming the company's particulars.
WHAT IT IS NOT
A tax return.
WHY THAT CONFUSION MATTERS
They are separate obligations to different bodies, and both apply.
WHAT IT TYPICALLY CONTAINS
Current directors and secretary Shareholders and shareholdings Registered address Financial statements, depending on the company type
WHEN IT IS DUE
Annually, by a date determined by the registration date and the applicable rules.
WHAT HAPPENS IF YOU DO NOT FILE
Penalties accumulate The company may be treated as inactive Certified documents become difficult to obtain Striking off becomes possible
WHY THAT LAST ONE MATTERS
A struck-off company ceases to exist as a legal person.
WHAT THAT AFFECTS
Bank accounts Contracts Assets held in the company's name
WHAT TO DO IF RETURNS ARE OUTSTANDING
File the outstanding years, with penalties, to bring the company current.
WHY BEFORE ANYTHING ELSE
Most other filings require the company to be in good standing.
WHAT TO KEEP
Evidence of every filing.
WHAT TO CALENDAR
The due date, annually, with a reminder well before.
WHAT TO VERIFY
The current requirements and fees, which change.
