What is Companies House Authentication Code?

Every time a new company is established and registered in the United Kingdom, they are given a special authentication code. This authentication code is known as a Companies House WebFiling code, containing a mixture of numbers and letters. This code is unique to your specific company and is a total of six alphanumeric characters. It is a very important security measure for authorized individuals for the purpose of updating/changing company details. In fact, this code is equal to a company officer’s signature.

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Why Is the Authentication Code Important?

This code is vital to your company because it is required for all online Companies House tasks. The code is needed for the following…

1.File annual accounts for your company

2.File directors and secretaries for your company

3.File the annual return and/or conformation statement for your company File documents in order to appoint a new director

4.File documents to resign a current director File documents to update the registered office File to add new shares

5.File to change the accounting reference date

6.Update Companies House with any relevant information

When you register a new company with Companies House, it will take approximately five days to receive your authentication code. If you need to request a new code or replacement code, it will be sent to your company’s office address.

Your code should be kept safe and treated with the same care as a PIN. If an individual gains access to your code, they can alter your company’s details. If someone you do not trust has access to the code, change it immediately.

What Happens If You Lose Your Authentication Code?

If you have misplaced or lost your Companies House code, there are a few ways to retrieve it. The way in which you retrieve your code is dependent upon how you formed your company. You should request a new code right away. Do not wait until you are required to file.

If your company was formed through Companies House, these are your options for retrieval…

Assuming the company was formed via postal service or online web, request a new code by signing up online.

If you already have an online WebFiling account, log in. Next, select “request authentication code.”

Ensure to correctly enter the company name and where it was registered. Once displayed information is correct, select the option “request code.”

A new code will automatically be sent to your company’s office via post. You will receive it in 3 to 5 business days.

For security purposes, Companies House is unable to send an authentication code through email or speak it over the phone

If your company was formed through a company formation agent, these are your options for retrieval…

Request a new code by logging into the customer portal on your formation agent’s website. Once you log in, you will be able to see your company details and authentication code.

If web access is not an option, you can also email or call your formation agent to request the authentication code.

Gm professional accountants are small business accountants based in , Wimbledon, Birmingham, Canary Wharf (London)

Are books zero-rated for vat or Standard rated in the UK?

What are the ramifications of these adjustments?

First of all and foremost, if you provide electronic publications, the VAT rate on those goods must be reduced to 0% with effect immediately and retroactive to May 1, 2020. Electronic versions of children’s picture and painting books, as well as e-books, e-booklets, e-brochures, e-pamphlets, e-leaflets, e-newspapers, e-journals, e-magazines, and e-periodicals, will be subject to the new zero-rating guidelines.

Find out more

Audiobooks and any e-publication with more than 50% of its content dedicated to advertising, audio, and/or video material, however, are exempt and will remain standard rated (20 percent ).

What If We Included Anything Extra With E-Books?

When a zero-rated publication is sent with something else, HMRC has issued the following guidance:

1. If a firm makes a single supply of an e-publication, it is exempt from tax, but only if it is the primary element and everything else is secondary. In other words,

1. the products/package have a single price;
2. the source is marketed as a package;
3. the other investments cannot be bought separately from the e-publication;
4. some other products would’ve been useless without e-publication and are simply supplementary.
5. your customers see the sale as only one supply of an e-publication with the new offerings as simply extra features.

The 0% VAT rate is applied to the whole supply if the other items are assessed to be supplementary to the e-publication for VAT purposes. A company produces a variety of products, each of which is different and self-contained, i.e. the things have the following characteristics:

They are offered separately and not as a package; they are available for purchase separately and not as a package; there is a time difference between components of the supply; and/or the supply’s pieces are not interdependent or interrelated.

As a result, only the e-publication is zero-rated, and the other supply is subject to the usual 20% VAT rate or VAT exemption, as applicable. According to government regulations, all firms must charge VAT on their customers’ purchases.

Rates of VAT

What are all the VAT Rules for Print Products? | What are the VAT Rates?

The UK government has introduced three sorts of VAT rates: Zero Rate, Reduced Rate or 5% Rate, and Standard Rate or 20% Rate. It’s worth noting that all print items are the same rating. There is either a Standard Rate or a Zero Rate for them. So, which goods are VAT-free and which aren’t?

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Printing Services at No Cost

The term “zero-rated” are goods and services that are charged at no cost. These items are, in certain ways, VAT-free however, you must keep track of them in your books and disclose them in your VAT return. There are examples of zero rated print products listed below:

Image books for youngsters, art books, picture books, and recipe books are among the books available.

• Brochures and leaflets
• Bulletins
• Catalogs
• Circulars \Directories
• materials for the election
• Distributed Leaflets and flyers.
• Journals
• Magazines
• Manuals
• Topographical plans, maps, and charts
• Menus \Newspapers
• Pamphlets
• Periodicals
• Publications
• Price listings in full color
• Reproduced/printed music
• Programs on sports
• Rate of Interest Products to Print

The standard rate is a 20% deduction from the selling price of goods and services. Unless the commodities are classed as Reduced Fee or Zero Rate, the majority of products and services have a regular rate. The following print products are standard rated:

There are two types of cards that may be used to make an announcement, Acceptance Announcement Cards and Appointment Cards .

• Calendars and Certificates Business Cards
• Slips of Appreciation
• Coupons
• Notes on Shipping
• Diaries
• Tickets for the lottery/draw
• Envelopes\Folders
• Forms
• Completed Publications Greeting Cards
• Invoices & Invitation Cards
• Labels
• Letterheads
• Notebooks
• Formats for Menus (Self Completion)
• Book Orders
• Photocopies
• Postcards
• Posters
• Questionnaires
• Books with Receipts
• Stationery
• Stickers
• Tags \Tickets
• Card of Visit

Exceptions To The General Rules

What are the VAT rules for printed goods? | Exceptions and Special Rules

There are a few exceptions to both the zero- and standard-rated product listings. Leaflets, flyers, and pamphlets are all examples of printed materials. Flyers, brochures, and pamphlets are zero rated unless they meet the criteria for being classified as such.

Brochures, pamphlets, and other printed materials.

Brochures and pamphlets aren’t legally defined, according to VAT Notice 701/10. This indicates that it’s “a question of fact and impression” whether a print output is a brochure or pamphlet. Single-sheet brochures and “pocket” brochures with a flap, on the other hand, maybe zero-rated if they meet the following criteria:

Transmit information contain a significant quantity of text, with some indication of contents or of the sending organization are not primarily meant to carry other things are sent fully assembled

Leaflets are needed.

They, too, are not defined by law, like brochures and pamphlets however, if the print goods are utilized for any of the following, they will not be considered leaflets and VAT will be charged:

• as a calendar
• in order to get access
• to a location
• to receive a discount on products
• or services as reference material for completion
• or return For Items with Completion Areas

Leaflets, brochures, and booklets are normally zero-rated unless they contain the following in less than 25% of their overall area:

•  Unfilled Areas and waiting to be filled
• Detachable and returnable parts
• Standard-rated publications are those that are intended to be returned after completion.

GM Professional Accountants have offices Located in wimbledon London, Birmingham and Essex.