HMRC UK

UK Small Business Accounting & Tax Decision Workbench

VAT Registered
MTD quarterly filings threshold (£90k or voluntary)
Quora UK CPA Insight: "Many small businesses need a fraction of a person for bookkeeping, corporate accounting, and tax preparation. The smart model is a predictable monthly fee for routine records while keeping advisory access open without hourly bill fear."
Recommended Mode
Cost-effective balanced operational workflow
Estimated Annual Cost
£2,150
Software + filings + advisory fee
Bookkeeper Allocation
0.25 FTE
Est. ~8-10 hrs/month internal/fractional
Advisory Recommendation
Monthly advisory retainer recommended
Prevents year-end surprises and tax meddling errors

HMRC Statutory Filing Obligations

Active Structure: Limited Company
Corporation Tax (CT600)
Annual statutory accounts & HMRC tax
Required
VAT Returns (MTD)
Quarterly digital submissions
Required
PAYE & RTI Payroll
Real Time Information per pay run
Required (2 Staff)
Director Self Assessment
Personal dividend & salary declaration
Individual Due

Task Split & Cost Model Breakdown

Annualized Benchmark
Component Task Ownership Est. Hours / Cycle Est. Annual Cost
Filing & Software Readiness Score 92% Ready
Structure has moderate complexity with VAT & payroll. Hybrid workflow minimizes compliance risk while containing costs.
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