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Mar 27 2022
Why do companies consider buying business address services?

Here aresome reasons why many limited companies (or individual officers of a company) choose to buy a business address service:

1 Avoid public disclosure of your residential or home address

If you’re operating your business from home, it allows you to avoid public disclosure of your residential address. As the registered office address of a company (and the correspondence address of directors) is shown on the public company’s house register, you would have to disclose your address unless you purchase a registered address service – or have another optional address you can use for this purpose. Most people would prefer to keep their residential addresses private and use registered addresses services.

2Prevent unwanted visitors                                                                                                                   

A special case is where the company undertakes sensitive work or individual directors are involved in sensitive occupations. A company involved in political work or controversial activities – may be the subject of protests. In that case, the directors will be particularly keen not to disclose their home address on the public record.

Even for an uncontroversial business, it helps to protect you and your family from intrusion. Nobody wants unwanted visitors – be they disgruntled clients or business creditors – arriving at their homes.

3Reducing junk mail

Because the company’s registered address and each director’s service address are on the public register, these addresses will typically receive many unsolicited marketing emails. Marketers will often target the addresses of new and existing companies with advertising. A business address service, especially one where only official mail and not “spam” is forwarded on, can therefore help those running a company save time and avoid the frustration of handling junk mail.

4Prestige

A prestigious address – often a central London address – can lend your business a sense of status. To some customers and suppliers, a London address could increase your brand’s confidence and help boost your business.

5non-UK resident business owners

A company’s registered office address must be in the UK. Those who live outside the UK but are looking to form a UK company need to have an address in the UK for this purpose to be able to get all mail on time.

6Privacy

Even if you have a business address, you might not want your mail – addressed to you as a director of the company – being sent there, especially if all post is opened by staff daily. If you prefer to keep your official correspondence private from others in the business, you may prefer to have it sent to an alternative address.

7If you’re often away from home

If you spend a lot of time away from where you live, it may be easier to use a business address service so you can be confident official mail will be dealt with promptly rather than sitting at an address you won’t immediately access. Depending on your needs, you could arrange for mail to be forwarded to you at another address or scanned and emailed to you.

8Avoiding disruption if you plan to move

If you know you’ll be changing your address shortly or moving office, a business address service can solve all your hassles. Otherwise, you’ll have more work to do to tell the clients about the change of address, arrange for mail to be forwarded and company address to be updated.

9Restrictive leaseagreements or rental contracts

Many rental contracts or lease agreements don’t allow the property to be used as a company’s registered office or service address. In that case, you’ll need to find another address to use for the business.

If you need a business address service, please get in touch with us at info@capital-empire.co.ukor call on 07925769449.

 

developer 0 Comments
Mar 22 2022
VAT reverse charge for construction services’

The VAT domestic reverse charge for construction services starts on 1 March 2021.

 

It’sa major change to the way VAT is collected in the construction industry.

 

The reverse charge will affect you if both:

  • you’re registered for VAT
  • you supply or receive services under the Construction Industry Scheme (usually known as CIS)

 

Where the reverse charge applies, the customer pays the VAT due directly to HMRC instead of paying it to their supplier.

 

 

When you must use the VAT reverse charge for building and construction services

—You must use the reverse charge for the following services:

  • constructing, altering, repairing, extending, demolishing or dismantling buildings or structures (whether permanent or not), including offshore installation services
  • constructing, altering, repairing, extending, demolishing of any works forming, or planned to form, part of the land, including (in particular) walls, roadworks, power lines, electronic communications equipment, aircraft runways, railways, inland waterways, docks and harbours, pipelines, reservoirs, water mains, wells, sewers, industrial plant and installations for purposes of land drainage, coast protection or defence
  • installing heating, lighting, air-conditioning, ventilation, power supply, drainage, sanitation, water supply or fire protection systems in any building or structure
  • internal cleaning of buildings and structures, so far as carried out in the course of their construction, alteration, repair, extension or restoration
  • painting or decorating the inside or the external surfaces of any building or structure
  • services which form an integral part of, or are part of the preparation or completion of the services described above — including site clearance, earth-moving, excavation, tunnelling and boring, laying of foundations, erection of scaffolding, site restoration, landscaping and the provision of roadways and other access works

When you not use the reverse charge

Do not use the charge for the following services, when supplied on their own:

  • drilling for, or extracting, oil or natural gas
  • extracting minerals (using underground or surface working) and tunnelling, boring, or construction of underground works, for this purpose
  • manufacturing building or engineering components or equipment, materials, plant or machinery, or delivering any of these to site
  • manufacturing components for heating, lighting, air-conditioning, ventilation, power supply, drainage, sanitation, water supply or fire protection systems, or delivering any of these to site
  • the professional work of architects or surveyors, or of building, engineering, interior or exterior decoration and landscape consultants
  • making, installing and repairing art works such as sculptures, murals and other items that are purely artistic signwriting and erecting, installing and repairing signboards and advertisements
  • installing seating, blinds and shutters
  • installing security systems, including burglar alarms, closed circuit television and public address systems
  • Working with private clients

Zero rate VAT

You may not have to charge VAT on some types of work if it meets certain conditions, including:

Building new homes

You may not have to charge VAT on labour or building materials for work you do on a new house or flat.

·         End users

  • For reverse charge purposes consumers and final customers are called end users. They’re businesses, or groups of businesses, that are VAT and Construction Industry Scheme registered but do not make onward supplies of the building and construction services supplied to them.
  • The reverse charge does not apply to supplies to end users where the end user tells their supplier or building contractor in writing that they’re an end user.

 Invoices and other VAT documents

Invoices

When supplying a service subject to the domestic reverse charge, suppliers must:

  • show all the information required on a VAT invoice
  • make a note on the invoice to make it clear that the domestic reverse charge applies and that the customer is required to account for the VAT
  • clearly state how much VAT is due under the reverse charge, or the rate of VAT if the VAT amount cannot be shown, but the VAT should not be included in the amount charged to the customer

Please see vat invoice example attached

If you have any questions in regards vat reversal charge, please contact us.

 

developer 0 Comments
Mar 10 2022
What is the difference — Registered office, service address, and business address?

If you’re setting up a UK limited company for the first time, it is important to understand the differences between the various addresses that you’ll be asked to provide, including a registered office, service address, and business address.

Each address serves a different purpose, and you must adhere to strict company address rules regarding the location, use, and disclosure of some of these addresses.

A brief overview of the company addresses

Registered office address

This is the legal correspondence address of a company, required by Companies House and disclosed on the public register of companies. All official government mail will be sent and received there. A company may or may not be based at this address, but it must be in the same UK country (legal jurisdiction) where the company is registered.

Service or Correspondence address

This is the legal correspondence address of a company director, secretary, shareholder or guarantor (who joins a company during its incorporation and subscribes to the memorandum of association), Person with significant control (PSC), or an LLP member.

A service address is used as the official, legal correspondence address where the named individual will receive statutory communications relating to their role in a company.It is required by Companies House and will be disclosed on the public record, but it can be located anywhere in the world.

Business address

This is usually where a company is based and/or where the business chooses to receive non-statutory mail from clients and customers, suppliers, banks, etc. It does not have to be provided to Companies House and will not be disclosed on the public record unless it is also the registered office or service address. It can be anywhere in the world.

 

developer 0 Comments
Mar 10 2022
Предупреждения о льготах

Предупреждения о льготах: пенсионеры могут потерять 358 фунтов стерлингов в месяц, если не подадут на Пособие по уходу и посещаемости.

Те, кто претендует или получает государственную пенсию в Англии, могут получить пособие по уходу и посещаемости, если они имеютпроблемы связанные со здоровьем.

Пособие по уходу и посещаемости — это пособие, которое предназначено для оказания помощи и покрывает дополнительные расходы, которые накапливаются в результате заболеваний или инвалидности. В частности, инвалидность должна считаться достаточно серьезной,чтобы потенциально потребовать, чтобы кто-то заботился о них.Как и куда вы потратите пособие – это ваше дело. DWPне требует отчетности от получателя.

Пособие по уходу и  посещаемости выплачивается еженедельно по 2 различным ставкам — тот, который вы получите, зависит от уровня помощи, в которой вы нуждаетесь:

  • Частая помощь или постоянное наблюдение в течение дня, или наблюдение ночью£60.00 в неделю
  • Помощь или наблюдение в течение дня и ночи, или неизлечимо больны

£89.60 в неделю

Вы можете получить дополнительный пенсионный кредит (PensionCredit), жилищное пособие (Housingbenefit) или снижение муниципального налога (CouncilTax), если вы получите пособие по уходуи посещаемости.

Пособие по уходу и посещаемостине зависит от вашего дохода–то, что вы зарабатываете или сколько у вас есть сбережений, не повлияет на то, что вы получите.

Если Вам нужна помощь в оформлени этого пособия, пожалуйста звоните нам по телефону 07852925419  или пишите по электронной почте info@capital—empire.co.uk

developer 0 Comments