After incorporation — next steps

Receiving your Certificate of Incorporation is just the beginning. There are several legal obligations and administrative setups you need to complete shortly after your company is formed.

Registering for Corporation Tax

Within 3 months of starting to do business, you must register your company for Corporation Tax with HMRC. This tells them your company is 'active' and initiates your obligation to file annual CT600 returns. WeFile helps manage your CT600 filings once your accounting period ends.

Opening a Business Bank Account

A limited company is a distinct legal entity separate from you. You must open a dedicated business bank account in the company's name. Do not run company finances through your personal account. You will need your new Company Registration Number and Certificate of Incorporation to apply.

VAT and PAYE Registration

If you expect your taxable turnover to exceed the VAT threshold (currently £90,000) in a 12-month period, you must register for VAT. Additionally, if you plan to pay yourself or employees a salary above the Lower Earnings Limit, you must register as an employer with HMRC and set up a PAYE scheme.

Statutory Records and Obligations

You are legally required to maintain statutory registers (registers of directors, shareholders, and PSCs). Going forward, you must file an annual Confirmation Statement with Companies House to verify your details are correct, and use WeFile to submit your annual accounts and Corporation Tax returns after your financial year ends.