The standard accounts of a UK-registered limited company include annual accounts and tax returns. If you have employees, an LTD must register with the PAYE system and submit payroll reports. If your company pays value-added tax, you will need to report VAT every quarter.
A limited company is subject to UK corporation tax on income from all its activities regardless of where they take place. The current corporation tax rate is 19%. The net profit of a private limited company can be distributed in the form of dividends to its shareholders. There is no withholding tax on dividends in the UK. They are paid to shareholders in full.
Imperial & Legal can provide you with accounting services as well as prepare and submit all the necessary accounts.