Countries United KingdomCompliance

🇬🇧

Compliance Checklist — United Kingdom

Step-by-step regulatory requirements organized by timeline phase

Overall Progress

0 / 16 completed (0%)

Incorporate a Private Limited Company (Ltd) by filing Form IN01 or using the online service.

RegistrationCompanies House~$15

Open Business Bank Account

Open a UK business current account. Most banks offer online applications with ID verification.

BankingFCA-regulated Bank

Sponsor Licence for Skilled Workers

Apply for a Sponsor Licence to hire non-UK workers on Skilled Worker visas. Rating assessed by UKVI.

PermitsUKVI (Home Office)~$700

Mandatory when taxable turnover exceeds £90,000 in 12 months. 20% standard rate.

TaxHMRC30 days after exceeding threshold

Up to 100% of VAT owed for deliberate non-compliance

LaborHMRCBefore first payday

£100 per month late penalty per 50 employees

Obtain Employers' Liability Insurance

Legal requirement for most employers. Minimum £5 million cover from an authorised insurer.

PermitsHSE~$600

£2,500 per day without insurance

ICO Data Protection Registration

PermitsICO~$50

Up to £17.5 million or 4% of global turnover (GDPR)

Maintain a PSC register and file details with Companies House. Update within 14 days of changes.

RegistrationCompanies House

Criminal offence - unlimited fine and/or imprisonment

TaxHMRCWithin 3 months of trading

Penalties for late filing and late payment

Set Up Workplace Pension (Auto-Enrolment)

Automatically enrol eligible workers into a qualifying pension scheme. Minimum 8% total contribution.

LaborThe Pensions RegulatorBy auto-enrolment duties start date

£50–£10,000 per day depending on employer size

Company directors must register for Self-Assessment if they have any income outside PAYE.

TaxHMRCBy 5 October following the tax year

File Annual Confirmation Statement

File confirmation statement with Companies House at least once every 12 months.

ReportingCompanies HouseWithin 14 days of review date annually~$17

Company may be struck off the register

File Annual Accounts

Prepare and file statutory accounts with Companies House. Deadline depends on company type.

ReportingCompanies House9 months after FYE (private company)

£150–£1,500 escalating penalties

Corporation Tax Return (CT600)

File Company Tax Return with HMRC within 12 months of accounting period end. Pay within 9 months.

ReportingHMRC12 months after accounting period end

£100 immediate; £200 after 3 months; 10% of unpaid tax after 6 months

Quarterly VAT Returns

File VAT returns via Making Tax Digital-compatible software. Payment due 1 month and 7 days after period.

ReportingHMRC1 month + 7 days after VAT quarter

Points-based penalty system for late submissions

Monthly RTI Payroll Submissions

Submit Full Payment Submission (FPS) to HMRC on or before each payday via RTI.

LaborHMRCOn or before each payday

£100 per month per 50 employees for late filing

Loading Macroeconomic Data

Fetching live data from World Bank...