Companies are required to disclose specific information to the public, regulators, shareholders, and other stakeholders through filing and reporting requirements. These requirements may differ based on the type, size, and jurisdiction of the company. Types of company filing and reporting requirements include:
1. Annual accounts: These are the financial statements that present the company's status and financial performance over a specific time period.
2. Confirmation statement: This is a document that confirms that the company has updated its information with the Companies House, such as the registered office address, directors, shareholders, and share capital. Companies must file a confirmation statement once every year.
3. Corporation tax return: This is a form that reports the taxable income and tax liability of the company for a given period. Companies have to file their corporation tax return with the relevant tax authority, such as the Internal Revenue Service (IRS) or HM Revenue and Customs (HMRC).
4. VAT returns: These are forms that report the value-added tax (VAT) collected and paid by the company for a given period. Companies have to file their VAT returns with the relevant tax authority if they are registered for VAT.
5. Employer (PAYE) returns: These are forms that report the income tax and national insurance contributions deducted from the employees' wages and paid by the employer for a given period. Companies have to file their employer (PAYE) returns with the relevant tax authority if they have employees.
6. Event-based filings to Companies House: These are filings that report certain changes or events that affect the company, such as changes in directors, shareholders, share capital, registered office address, company name, articles of association, etc. Companies have to file these filings with the Registrar of Companies within a specified time limit.
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The deadlines for filing and reporting requirements depend on the type of requirement, the jurisdiction of the company, and the financial year of the company. Some of the common deadlines are:
1. Annual accounts: For companies registered in the UK have to file their annual accounts with the Registrar of Companies within 9 months of the end of the accounting period for private companies, and 6 months for public companies.
2. Confirmation statement: For companies registered in the UK, the deadline for filing confirmation statement with the Registrar of Companies is within 14 days of the confirmation date, which is usually the anniversary of incorporation or the last confirmation statement date.
3. VAT returns: For companies registered in the UK, the deadline for filing VAT returns with HMRC is usually one month and seven days after the end of each VAT period, which is usually quarterly.
4. Employer (PAYE) returns: For companies registered in the UK, the deadline for filing employer (PAYE) returns with HMRC is on or before April 19 of each tax year.
5. Event-based filings to Companies House: For companies registered in the UK, the deadline for filing event-based filings with the Registrar of Companies also varies depending on the type of event, but it is usually within 14 to 28 days from the date of event.
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