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Cheap IBC Incorporation Offshore. Anonymous Banking Internet & Offshore Bank Account. Starting Offshore Business
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BVI Offshore Company is a Perfect Offshore Tool for Asset Protection. Incorporation and Ongoing Administrative Costs
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Restoration of Dissolved Companies. Restoration of a Company to the Register
Know When You Need Cancel Your VAT Registration. When Must I Register and Account for VAT on Acquisitions?
Nominee Company Secretary It is a Legal Obligation for Every Limited Company to Have a Company Secretary
Advice Starting Business in the UK. Business Registration in England for Entrepreneurs and New Businesses
Doing Business UK: Establish Foreign Branch or Subsidiary Company, Opening a New Branch Office
Northern Irish Company Formation, Irish Companies Registration Office, Limited Liability Partnership Registration
Starting Business in Republic of Ireland: Irish Company Formations Agent, Provision Irish Nominee Director, Europe Offshore Company Incorporation
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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 Act 1988 | | 1988 c. 39 - continued |
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SCHEDULE 6 | | Section 65. | | | | Commercial Woodlands | | |
Preliminary | | 1. In this Schedule "commercial woodlands" means woodlands in the United Kingdom which are managed on a commercial basis and with a view to the realisation of profits. | | |
Abolition of charge under Schedule B | | 2.—(1) The charge to tax under Schedule B in respect of the occupation of commercial woodlands is hereby abolished.
(2) In any case where, as respects an accounting period of a company which begins before and ends on or after 6th April 1988, the charge to tax under Schedule B has effect in relation to one part of that period but does not have effect in relation to the other part—(a) the income deemed to arise to the company for that period from the occupation of the woodlands concerned shall be apportioned between those parts; and (b) so much of that income as is apportioned to the part beginning on 6th April 1988 shall not be regarded as income arising to the company for that period. (3) This paragraph shall be deemed to have come into force on 6th April 1988.
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Abolition of Schedule D election etc. | | 3.—(1) Section 54 of the Taxes Act 1988 and section 111 of the Taxes Act 1970 (which confer on a person occupying commercial woodlands the right to elect to be assessed and charged to tax in respect of them under Schedule D instead of under Schedule B) shall cease to have effect.
(2) Subject to paragraph 5(1) below, profits or gains or losses which arise to a person from the occupation of commercial woodlands on or after 15th March 1988 shall not be regarded for any purposes as profits or gains or losses chargeable under Schedule D.
(3) Subject to paragraph 5(1) below—(a) interest which is paid by a company on or after 15th March 1988 shall not be treated as a charge on income for the purposes of corporation tax; and (b) interest which is paid by any person on or after that date and—
(i) is stated in section 360(1), 361(3) or 362 of the Taxes Act 1988 (loans to buy interest in close company, interest in employee-controlled company or into partnership) to be eligible for relief under section 353 of that Act; or
(ii) is stated in any of the corresponding enactments repealed by that Act to be eligible for relief under section 75 of the [1972 c. 41.] Finance Act 1972,
shall not be so eligible, if the relevant business consists of the occupation of commercial woodlands.
(4) Where part only of the relevant business consists of the occupation of commercial woodlands—(a) interest falling within paragraph (a) of sub-paragraph (3) above shall not be treated as a charge on income for the purposes of corporation tax; and (b) interest falling within paragraph (b) of that sub-paragraph shall not be eligible for relief under section 353 of the Taxes Act 1988 or section 75 of the [1972 c. 41.] Finance Act 1972, to such extent as may be just and reasonable having regard to all the circumstances of the case and, in particular, to the proportion which that part of that business bears to the whole.
(5) In this paragraph "the relevant business" means—(a) in relation to interest paid on or after 15th March 1988 by a company which is not a member of a group, the business carried on by the company; (b) in relation to interest paid on or after that date by a company which is a member of a group, the business carried on by the group; and (c) in relation to interest falling within paragraph (b) of sub-paragraph (3) above, the business carried on by the close company, employee-controlled company or partnership concerned; and for the purposes of this paragraph two or more businesses carried on by a company, group or partnership shall be regarded as a single business.
(6) For the purposes of this paragraph a company shall be deemed to be a member of a group with one or more other companies if the relationship between that company and the other company or, as the case may be, each of the other companies is as mentioned in section 341(2) of the Taxes Act 1988 or section 60(2) of the [1987 c. 51.] Finance (No. 2) Act 1987 (payments of interest between related companies).
(7) This paragraph shall be deemed to have come into force on 15th March 1988.
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Transitional provisions | | 4.—(1) Where this paragraph applies in relation to a person's occupation of any commercial woodlands—(b) in the event of his death, any other person who occupies them by virtue of any disposition (whether effected by will, under the law relating to intestacy or otherwise) of property comprised in his estate immediately before his death, may elect to be assessed and charged to tax in respect of them under Schedule D; and the reference in this sub-paragraph to a disposition includes a reference to a disposition as varied under section 142 of the [1984 c. 51.] Inheritance Tax Act 1984.
(2) This paragraph applies in relation to a person's occupation of any commercial woodlands if—(a) he had entered into a contract or made arrangements before 15th March 1988 for his occupation of them; (b) he was occupying them on that date; or (c) he is or was occupying them after that date and the requirements of sub-paragraph (3) below are satisfied with respect to the land which comprises them; and in this sub-paragraph and sub-paragraph (3) below "arrangements" does not include arrangements which are not evidenced by an instrument or other document made before that date.
(3) The requirements of this sub-paragraph are satisfied with respect to any land which comprises commercial woodlands if, before 15th March 1988, the person who is or was occupying them after that date—(a) had entered into a contract or made arrangements for the afforestation (including the replanting) of the land; or (b) had made an application for a grant under section 1 of the [1979 c. 21.] Forestry Act 1979 or section 2(1)(e) of the [1953 c. 2 (N.I.).] Forestry Act (Northern Ireland) 1953 with respect to the land; and for the purposes of paragraph (b) above an application shall be treated as made when it was received by the Forestry Commissioners or, in Northern Ireland, by the Department of Agriculture.
(4) Subject to sub-paragraph (5) below, an election under sub-paragraph (1) above—(a) shall be made by notice in writing given to the inspector not later than two years after the end of the chargeable period to which the election relates; (b) shall have effect not only in relation to that period but also, so long as the person by whom it is made continues to occupy the woodlands, in relation to subsequent chargeable periods; and (c) shall extend to all woodlands on the same estate. (5) An election made under sub-paragraph (1) above in respect of any commercial woodlands shall not have effect in relation to any chargeable period if before the beginning of that period a relevant grant has been made with respect to any land which comprises woodlands on the same estate.
(6) For the purposes of sub-paragraphs (4) and (5) above, woodlands shall be treated as being on a separate estate if the person occupying them so elects by notice in writing given to the inspector not later than two years after the time when they are planted or replanted.
(7) An election under section 111 of the Taxes Act 1970 made before 15th March 1988 in respect of any commercial woodlands by a person who, on that date, was occupying those woodlands shall have effect as if made under sub-paragraph (1) above.
(8) In this paragraph and paragraph 5 below "relevant grant" means a grant under section 1 of the Forestry Act 1979 or section 2(1)(e) of the Forestry Act (Northern Ireland) 1953 which—(a) is made on terms and conditions first published after 15th March 1988; and (b) is not made by way of supplement to a grant made on terms and conditions first published before that date. (9) This paragraph shall be deemed to have come into force on 15th March 1988 and shall cease to have effect on 6th April 1993.
| | 5.—(1) For any chargeable period in relation to which an election made under paragraph 4(1) above by any person has effect in respect of any commercial woodlands—(a) any profits or gains or losses which arise to him before 6th April 1993 from the occupation of those woodlands shall for all purposes be regarded as profits or gains or losses of a trade chargeable under Schedule D; (b) in computing those profits or gains or losses, no account shall be taken of any relevant grant and no deduction shall be made for any expenditure in respect of which any such grant was made; and (c) the occupation of those woodlands shall not be taken into account under paragraph 3(3) or (4) above as respects any interest paid before that date. (2) In any case where, as respects an accounting period of a company which begins before and ends on or after 6th April 1993, sub-paragraph (1) above has effect in relation to one part of that period but does not have effect in relation to the other part—(a) the profits or gains or losses arising to the company for that period from the occupation of the woodlands concerned shall be apportioned between those parts; and (b) such of those profits or gains or losses as are apportioned to the part beginning on 6th April 1993 shall not be regarded as profits or gains or losses arising to the company for that period. (3) In any case where—(a) sub-paragraph (1) above, as it applies for income tax purposes, has effect for a year of assessment as respects a person's occupation of any commercial woodlands; (b) that year of assessment is the final year of assessment for which that sub-paragraph, as it so applies, has effect as respects that person's occupation of those woodlands; and (c) there is an interval between the end of the relevant basis period and the beginning of the next following year of assessment; then, for the purpose of calculating any capital allowances which fall to be made in taxing his occupation of those woodlands, the interval shall be deemed to form part of that basis period.
(4) In sub-paragraph (3) above—"basis period" has the meaning given by section 72 of the [1968 c. 3.] Capital Allowances Act 1968; "the relevant basis period", in relation to a year of assessment, means—
(a) except where that year of assessment is in relation to the occupation by the person of the woodlands concerned a year of loss within the meaning of section 383 of the Taxes Act 1988, the basis period for that year of assessment;
(b) in the excepted case, the basis period for the next following year of assessment. (5) Sub-paragraph (1) above shall be deemed to have come into force on 15th March 1988 and shall cease to have effect on 6th April 1993.
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Consequential amendments | | 6. —(1) In section 69 of the Capital Allowances Act 1968, in the definition of "forestry land", and in section 85(4) of that Act, for any reference to section 111 of the Taxes Act 1970 or section 54 of the Taxes Act 1988 there shall be substituted a reference to paragraph 5 of this Schedule.
(2) In section 67(1) of the Taxes Act 1970 (Schedule A), in paragraph 3 of Schedule A (exceptions), after paragraph (a) there shall be inserted—| | "(aa) to any profits or gains arising from a person's occupation of any woodlands which are managed on a commercial basis and with a view to the realisation of profits, or". |
(3) In section 110 of the Taxes Act 1970 (farming and the commercial occupation of land), in subsection (3), for the proviso there shall be substituted—| | "Provided that nothing in this subsection shall apply in relation to the occupation of land which comprises woodlands or is being prepared for use for forestry purposes." |
but the amendment made by this sub-paragraph shall not apply in relation to land which is being prepared for use for forestry purposes if the requirements of paragraph 4(3) above are satisfied with respect to it. (4) In sections 168(8), 169(10) and 171(5) of the Taxes Act 1970, for the words "section 111 of this Act" there shall be substituted the words "paragraph 4 of Schedule 6 to the Finance Act 1988".
(5) In section 113(1) of the [1979 c. 14.] Capital Gains Tax Act 1979 (woodlands)—(a) for the words "land assessed to income tax or corporation tax under Schedule B" there shall be substituted the words "woodlands managed by the occupier on a commercial basis and with a view to the realisation of profits"; (b) for the words "such land" there shall be substituted the words "such woodlands"; and (c) for the words "the person assessed to the tax under Schedule B" there shall be substituted the words "the occupier". (6) In section 15(1) of the Taxes Act 1988 (Schedule A), in paragraph 3 of Schedule A (exceptions), after paragraph (a) there shall be inserted—| | "(aa) to any profits or gains arising from a person's occupation of any woodlands which are managed on a commercial basis and with a view to the realisation of profits, or". |
(7) In section 53 of the Taxes Act 1988 (farming and the commercial occupation of land), for subsection (4) there shall be substituted—| | "(4) Subsection (3) above shall not apply in relation to the occupation of land which comprises woodlands or is being prepared for use for forestry purposes."; |
but the amendment made by this sub-paragraph shall not apply in relation to land which is being prepared for use for forestry purposes if the requirements of paragraph 4(3) above are satisfied with respect to it. (8) In sections 380(4), 383(12)(a) and 385(6) of the Taxes Act 1988, for the words "section 54" there shall be substituted the words "paragraph 4 of Schedule 6 to the Finance Act 1988".
(9) Sub-paragraphs (1), (4) and (8) above shall be deemed to have come into force on 15th March 1988; and sub-paragraphs (2), (3) and (5) to (7) above shall be deemed to have come into force on 6th April 1988.
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 | © Crown copyright 1988 | Prepared 20th September 2000 |
Finance Act 1988 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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