PAYE20180 - Employer records: set up employer record: unlimited company and director details
Background
An unlimited company is a separate legal entity and there is no real difference between the corporate tax position of unlimited companies as opposed to limited companies.
Unlimited companies
- Have directors
- Are registered at Companies House
- Are allocated a Company Registration Number
- Must be set up with the Trade Classification Number prefix 바카라 사이트˜C바카라 사이트™Ìý
Company Details
Having ensured that a PAYE scheme is required as detailed at PAYE20020 then when setting up a new employer record, standard details relating to an unlimited company must be obtained. The information is used to update the employer record and also to set up the director바카라 사이트™s individual taxpayer record. The details recorded are set out below.
Company Details
- Company Registration Number - Where a company is incorporated or registered under the UK Companies Acts with the Registrar of Companies it is allocated a company registration number
- Company UTR - When a Corporation Tax record is set up the computer allocates a 10 digit reference number. This is then the company reference throughout its life. It is known as the Unique Taxpayer Reference (UTR). When entering a company UTR the office number should be entered in field one. If you do not know the office number for the taxpayer a default of 001 should be entered
Director Details
Information needed for each director of an unlimited company is as follows
- National Insurance number (NINO)
- Name of director (maximum 28 characters)
- Date appointed as a director
These details will normally be provided when a new employer record is set up. If you find that details for directors of a company are not initially provided, or are incomplete the information can be obtained in the following ways
- By reference to the CT office
- By reference to form P510
- By contacting the company or company agent direct