FAQ
Extra day-to-day operations
4 questions and answers on extra day-to-day operations.
Extra day-to-day operations (4)
Do I need a domain email before opening Stripe or the bank?
It is not a legal requirement for formation, but it increases credibility with Stripe and clients. A @gmail-only email may sometimes work but it is weaker than info@yourdomain.com. Link the domain to a simple website and a privacy policy.
This can be prepared in parallel while waiting for the certificate of incorporation.
What is the Government Gateway and why do I need it?
It is the login gateway for HMRC's electronic services: Corporation Tax registration, VAT, PAYE, and tax correspondence. After formation you will need to set up the access (yourself or via an accountant). Keep the login details secure and do not share them carelessly. Without it, filing returns on time is difficult.
In what currency do I issue the first invoice from my UK company?
You can invoice in pounds, dollars or euros depending on your agreement with the client and your account's ability to receive (a multi-currency Wise helps). For official invoices state the Ltd name, the CRN and the registered office. If you are VAT-registered, apply the correct rules before adding 20%.
Consistency matters more than the currency: do not change your invoicing style every time without reason.
I forgot to renew the registered office — what happens?
If the address contract lapses without a replacement, official correspondence may arrive at an unmonitored place, or you may be asked to update the address, and in the worst case you face compliance risks or a strike-off if the notifications are neglected.
Renew before it expires or move to a valid address immediately via Companies House. Enable calendar reminders or delegate to a provider who reminds you such as Eteform.