Helping hand to set up new businesses

Posted by
info@newrytimes.com
Thursday, January 24th, 2019
Business

More than 200,000 new businesses have used a new one-stop cross-government service allowing new start-ups to register their company and also register for tax at the same time. 

The Streamlined Company Registration Service, which has been set up in a collaboration between HMRC and Companies House, will ease the burdens on new businesses, enabling them to concentrate on what they do best – producing goods, providing services and contributing to the UK’s reputation as one of the best places in the world to start a business.

 

 

When registering with Companies House, companies can also register for tax and HMRC’s digital services, making it easier for new start-ups to fulfil all of their legal obligations in one go.

The change, which came into effect last year, removes the need for businesses to send duplicate information to both Companies House and HMRC.

The new service is part of the Government’s modern Industrial Strategy’s commitment to reduce administrative burdens on small businesses, enhancing the UK’s reputation as one of the best global environments for small businesses to thrive in.

 

 

Treasury Minister, Mel Stride MP the Financial Secretary to the Treasury said, “It’s never been easier to set-up a business in the UK. Reducing the administrative burden on small businesses is all part of this government’s commitment to support small business growth and cement Britain’s standing as a ‘Global Britain’.

“HMRC and Companies House are working hard to make business registration and tax easier.

“Previously the same information would need to be entered into a number of different platforms to register a company and register for tax, we have simplified that process.

Mel added, “The government is committed to ensuring we can deliver a modern, digital tax system for all businesses and their agents supporting them to get their tax right and reducing the amount of tax lost through avoidable error.”

 

 

Small Business Minister Kelly Tolhurst said, “British small businesses, and the entrepreneurial spirit behind them, are the backbone of the UK economy employing over 16 million people up and down the country.

“Through our modern Industrial Strategy we are making it easier for small businesses to grow and flourish by investing in modern industries, infrastructure and skills, and making it easier to access finance. Anyone thinking of starting a new business in 2019 should check out the huge wealth of Government advice and support available, and go for it.

“There’s only one more thing you need in order to start a business in the New Year: passion. You have a new idea that you, and those around you, truly believe in, that excites you and that you are motivated to bring to life. Get your start-up in gear. After all, New Year, new you, and a new business too!”

 

 


Both comments and pings are currently closed.

Comments are closed

-->

This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in