Tax Return Vs. Annual Return
Companies have to pay tax on what they earn as their profit. Many clients ask the same question of the difference between yearly return and tax returns . These terms are confusing for the newbies. Many companies arrange workshops and training sessions for fresh recruits. All the recruits learn the basics, including tax-relevant issues. This article is going to show you the core difference between both terms. After the limited company formation, the owner should submit all the documents related to the company’s information and operations to the Companies House. Companies House keep the factual data of the companies while HMRC collects the tax from the companies. Annual Return The annual return is a little confusing term for many people. It's necessary for startup owners in the UK to learn about the documentation procedures with the Companies House and HMRC. It's best to consult professional accountants before getting into the legal documentation. >What is Annual R