Your Accounting & Tax Responsibilities 

As a company director, you are legally responsible for maintaining accurate financial records, filing annual accounts with Companies House, submitting a Corporation Tax return to HMRC, and paying any tax due on time. Missing these obligations can result in fines, penalties, and your company being struck off the register.

What are my responsibilities as a director for tax and accounts?

You are legally responsible for ensuring your company:

• Maintains accurate financial records

• Prepares and files annual accounts with Companies House

• Submits a Corporation Tax return to HMRC

• Pays any tax due on time

What information do I need to provide?

To prepare your accounts and tax returns, GetGround will request:

• Bank statements and transaction explanations

• Invoices or receipts for expenses

• Information about any property income, mortgage interest, or other income

What happens if I miss a deadline?

Missing a filing or payment deadline can result in fines from Companies House or HMRC, interest and penalties on unpaid tax, and potential legal consequences. Specifically, this means:

• Fines from Companies House or HMRC

• Interest and penalties on unpaid tax

• Potential legal consequences