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Deluxe Package |
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 £ 557.00 | Annual Maintenance Fee £525.00 | | |
 The Deluxe limited company package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain anonymity, and it includes: -
 Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;
The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
 The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);
The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: - A laminated copy of the certificate of incorporation of your company;
A hard bound copy of the memorandum and articles of association;
A hard bound copy of the minutes of the first meeting of directors;
Share certificates, and your company register;
The general power of attorney signed by a nominee director;
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of nominee service and indemnification of nominee.
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| Legal Requirements to Register an LTD | | |
A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.
You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.
A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.
You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
The directors and secretary of your company can also be shareholders.
The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.
Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.
Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.
Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.
So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.
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(click here for other packages)
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| Finance (No. 2) Act 2005 | | 2005 Chapter 22 - continued |
| | back to previous text |  | | | | S C H E D U L E S |
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SCHEDULE 1
| | Section 6 | | | DISCLOSURE OF VALUE ADDED TAX AVOIDANCE SCHEMES | | | Introduction
| | 1 | Schedule 11A to VATA 1994 (disclosure of avoidance schemes) is amended in accordance with this Schedule.
| | | Interpretative provisions
| | 2 | In paragraph 1 (interpretation), after the definition of "designated scheme" insert-
| | |  | ""non-deductible tax", in relation to a taxable person, has the meaning given by paragraph 2A;". |
| | 3 | For paragraph 2 substitute-
| | | | "2 | (1) For the purposes of this Schedule, a taxable person obtains a tax advantage if-
| | | (a) in any prescribed accounting period, the amount by which the output tax accounted for by him exceeds the input tax deducted by him is less than it would otherwise be, | | | (b) he obtains a VAT credit when he would not otherwise do so, or obtains a larger VAT credit or obtains a VAT credit earlier than would otherwise be the case, | | | (c) in a case where he recovers input tax as a recipient of a supply before the supplier accounts for the output tax, the period between the time when the input tax is recovered and the time when the output tax is accounted for is greater than would otherwise be the case, or | | | (d) in any prescribed accounting period, the amount of his non-deductible tax is less than it would otherwise be. | | | (2) For the purposes of this Schedule, a person who is not a taxable person obtains a tax advantage if his non-refundable tax is less than it would otherwise be.
| | | (3) In sub-paragraph (2), "non-refundable tax", in relation to a person who is not a taxable person, means-
| | | (a) VAT on the supply to him of any goods or services, | | | (b) VAT on the acquisition by him from another member State of any goods, and | | | (c) VAT paid or payable by him on the importation of any goods from a place outside the member States, | | | but excluding (in each case) any VAT in respect of which he is entitled to a refund from the Commissioners by virtue of any provision of this Act."
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| | 4 | After paragraph 2 insert-
| | | | | "Meaning of "non-deductible tax"
| | 2A | (1) In this Schedule "non-deductible tax", in relation to a taxable person, means-
| | (a) input tax for which he is not entitled to credit under section 25, and | | | (b) any VAT incurred by him which is not input tax and in respect of which he is not entitled to a refund from the Commissioners by virtue of any provision of this Act. | | | (2) For the purposes of sub-paragraph (1)(b), the VAT "incurred" by a taxable person is-
| | | (a) VAT on the supply to him of any goods or services, | | | (b) VAT on the acquisition by him from another member State of any goods, and | | | (c) VAT paid or payable by him on the importation of any goods from a place outside the member States." |
| | | Duty to notify Commissioners
| | 5 | (1) Paragraph 6 (duty to notify Commissioners) is amended as follows.
| | | (2) In sub-paragraph (1)-
| | | (a) omit the word "or" at the end of paragraph (a), and | | | (b) after paragraph (b) insert", or | | | | (c) the amount of his non-deductible tax in respect of any prescribed accounting period is less than it would be but for such a scheme." |
| | | (3) After sub-paragraph (2) insert-
| | | | "(2A) Sub-paragraph (2) does not apply to a taxable person in relation to any scheme if he has on a previous occasion-
| | | (a) notified the Commissioners under that sub-paragraph in relation to the scheme, or | | | (b) provided the Commissioners with prescribed information under sub-paragraph (3) (as it applied before the scheme became a designated scheme) in relation to the scheme." |
| | | (4) For sub-paragraph (5) substitute-
| | | | "(5) Sub-paragraph (3) also does not apply where the scheme is one in respect of which the taxable person has on a previous occasion provided the Commissioners with prescribed information under that sub-paragraph."
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| | 6 | In paragraph 7 (exemptions from duty to notify) in the definition of "relevant period" in sub-paragraph (9) for "6(1)(a) or (b)" substitute "6(1)(a), (b) or (c)".
| | | Amount of penalty
| | 7 | (1) Paragraph 11 (amount of penalty) is amended as follows.
| | | (2) In sub-paragraph (3)-
| | | (a) omit the word "and" at the end of paragraph (a), and | | | (b) after paragraph (b) insert", and | | | | | | | (i) the case falls within paragraph 6(1)(c), and
| | | (ii) the excess of the notional non-deductible tax of the taxable person for the relevant periods over his non-deductible tax for those periods is not represented by a corresponding amount which by virtue of paragraph (a) or (b) is part of the VAT saving,
| | | the amount of the excess." |
| | | (3) In sub-paragraph (4), after "(3)(a)" insert "and (c)".
| | | (4) After sub-paragraph (4) insert-
| | | | "(5) In sub-paragraph (3)(c), "notional non-deductible tax", in relation to a taxable person, means the amount that would, but for the scheme, have been the amount of his non-deductible tax."
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| | | Penalty assessments
| | 8 | In paragraph 12 (penalty assessments) for sub-paragraph (3) substitute-
| | | | "(3) In a case where-
| | | (a) the penalty falls to be calculated by reference to the VAT saving as determined under paragraph 11(3), and | | | (b) the notional tax cannot readily be attributed to any one or more prescribed accounting periods, | | | the notional tax shall be treated for the purposes of this Schedule as attributable to such period or periods as the Commissioners may determine to the best of their judgment and notify to the person liable for the penalty.
| | | (3A) In sub-paragraph (3) "the notional tax" means-
| | | (a) the VAT that would, but for the scheme, have been shown in returns as payable by or to the taxable person, or | | | (b) any amount that would, but for the scheme, have been the amount of the non-deductible tax of the taxable person." |
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| | |   | | | | | | Other UK Acts | Home | Scotland Legislation | Wales Legislation | Company Formation Online | Company Formations in Republic of Ireland | Company Registration in Northern Ireland | Incorporate in California, Nevada, Florida and New York | Incorporate Offshore Corporation |
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 | © Crown copyright 2005 | Prepared 25 July 2005 |
Finance (No. 2) Act 2005 is reproduced under the terms of Crown Copyright Policy Guidance issued by HMSO.
Publishing Rights: Coddan CPM Core Licence (HMSO) number is C02W0007897 issued on 25 November 2005 by HMSO Licensing Division (Core Licence.pdf Licence to reproduce public sector information).
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