Your company's registered address and your trading address can be different.
People like HRMC VAT and your business bank will contact you at your trading address i.e. the place where you are living.
There as on your website footer and email footer you should use your registered address. This also means if someone wants to send you another sort of letter i.e. junk mail they will contact you at your registered address.
So if your landlord complains about your receiving official looking letters you have a problem as the directors' home addresses always needs to go to Company's House plus others like your business bank.
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Reply to: Limited company queries
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Previously on "Limited company queries"
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You should use option 3 and use your accountant's address as your registered office if you don't want to use your private address.
Most accountants will be happy to do this and thebenefit to you is that you don't get all the junk mail letters and your accountant should foward on any thing that is relvant.
Be aware some accountants do charge extra for this service, so may be worth asking your accountant this if you have one?
On the use of home as office most £3 per week is what i as an accountant would reccommend unless you can prove that you spend a significant amount of time and have large percentage floor space as an office in your accommodation.
Maybe your fall into one of these catergories as described by the HMRC link
Specific deductions: use of home: examples
My advice speak to an accountant as they can office you advice on what expenses you can have and answer any questions you may have on company set etc.
Welcome to the world of owing your Ltd
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When I set up a ltd co while renting, I just asked the landlord if it was ok. He said so long as no clients came to the premises, having it as a registered office and working from home was fine.
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Originally posted by rickom View PostWhy is it not advisable to pass your address/personal details to HMRC? If there is a problem in any which case, the lads will follow the bread-crumbs to my door step right?
Originally posted by rickom View PostYou do make a good point about the landlord. I did not think in that direction at all.
Originally posted by rickom View PostThe reason I asked the above was, I was under the impression , you could pass rent of your accommodation as rent of your company or something on that lines;
There are expenses guides out there, you should have a read up on some of them. Don't necessarily trust your accountant to give you good advice - some are better than others. The main things you can claim are travel from home to your workplace and subsistence while at work but understand the 24 month rule.
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Cheers mate!
I just have to bite this one
Why is it not advisable to pass your address/personal details to HMRC? If there is a problem in any which case, the lads will follow the bread-crumbs to my door step right?
You do make a good point about the landlord. I did not think in that direction at all.
The reason I asked the above was, I was under the impression , you could pass rent of your accommodation as rent of your company or something on that lines; Summarized as:
1) Start company at home
2) Pass rent (or a portion of rent) as company running expenses
3)?????
4) profit.
Cheers!
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Originally posted by rickom View PostFinally taking a plunge and starting my own ltd co. I wanted a few clarifications on the below..
Take option 3, get an accountant and let them deal with it all for you. Don't give HMRC your private address AT ALL, even if they ask you what your "business address" is. Make sure they send everything to the accountant.
Whatever you choose to do, it's simple to change your company's registered address.
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Limited company queries
Hello All,
Finally taking a plunge and starting my own ltd co. I wanted a few clarifications on the below..
1) Since i am renting at the moment, I am not to sure if giving my current residential address would be the best thing to do. Can some one please comment how difficult is it to change your company address?
2) I could move all correspondence to my brothers home, but he has his own ltd company, is that going to been a problem in any way?
3) Worst comes to worst , i can pass my accounting agencies address ( provided as a service for a fee)... but by doing so will i miss out on any other possible claims?
Cheers!Tags: None
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