After coming into effect last year, there are many new businesses that have used the government service to help them with their start-up.
The new service is part of the government’s modern Industrial Strategy’s commitment to reduce administrative burdens on small businesses.
The Streamlined Company Registration Service, which has been set up in a collaboration between HMRC and Companies House, removes the need for businesses to send duplicate information to both bodies.
When registering with Companies House, firms can also register for tax and HMRC’s digital services, making it easier for new start-ups to fulfil all their legal obligations in one go.
Mel Stride MP, Financial Secretary to the Treasury, commented, “It’s never been easier to set up a business in the UK. Reducing the administrative burden on small businesses is all part of this government’s commitment to support small business growth.
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Email Jaime“HMRC and Companies House are working hard to make business registration and tax easier. Previously, the same information would need to be entered into a number of different platforms to register a company and register for tax, we have simplified that process.
“The government is committed to ensuring we can deliver a modern, digital tax system for all businesses and their agents, supporting them to get their tax right and reducing the amount of tax lost through avoidable error.”
Small Business Minister Kelly Tolhurst, added, “British small businesses, and the entrepreneurial spirit behind them, are the backbone of the UK economy employing over 16 million people up and down the country.”
“Through our modern Industrial Strategy we are making it easier for small businesses to grow and flourish by investing in modern industries, infrastructure and skills, and making it easier to access finance. Anyone thinking of starting a new business in 2019 should check out the huge wealth of Government advice and support available, and go for it.”
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