Newly incorporated in the UK? ETaxFlow gets you organised from the first invoice — VAT threshold monitoring, Corporation Tax tracking, PAYE payroll setup, and clean invoicing ready in under an hour.
From incorporation to your first Corporation Tax return — here is what every UK startup needs to handle, and how ETaxFlow manages each step.
ETaxFlow comes pre-configured for UK businesses — chart of accounts, VAT codes, and clean invoice templates ready from day one.
Every UK limited company must notify HMRC it has started trading within 3 months. ETaxFlow's onboarding checklist flags this as your first compliance step.
UK businesses must register for VAT once taxable turnover exceeds £90,000 in any rolling 12-month period. ETaxFlow tracks your running total and alerts you as you approach the threshold.
Register as an employer with HMRC before your first payday. ETaxFlow sets up payroll, calculates PAYE and National Insurance, and submits Real Time Information from your first pay run.
ETaxFlow tracks your Corporation Tax position all year — 19% small profits rate, 25% main rate, marginal relief — so payment day is never a surprise.
ETaxFlow exports an accountant-ready workpaper so your accountant can finalise and file the CT600 with HMRC on time.
Everything a new UK business needs to stay organised — without needing a full-time accountant from day one.
Real-time monitoring of your rolling 12-month taxable turnover with alerts when you approach the £90,000 mandatory registration threshold.
A live Corporation Tax provision all year — 19% small profits rate, 25% main rate, marginal relief — so there are no surprises at year end.
Issue correct invoices from the first sale — VAT amount, sequential numbering, and all the fields a professional invoice needs, pre-filled.
Set up payroll for your first hire in under 10 minutes and submit Real Time Information to HMRC from your first pay run onwards.
P&L, Balance Sheet, and Cash Flow reports formatted for investor decks, bank financing applications, and board presentations — always current.
Invite your accountant as a user — they get access to review, adjust, and sign off entries without a separate tool.
Early-stage UK companies often focus on growth and delay compliance admin. HMRC's penalty regime makes this expensive. These are general, first-offense-style penalties — actual amounts can vary.
| Item | Typical Penalty | Notes | Deadline |
|---|---|---|---|
| Late Corporation Tax return (CT600) | £100 | +£100 after 3 months, tax-geared penalties after 6 and 12 months | 12 months after accounting period end |
| Late VAT return | 1 penalty point | £200 once the points threshold is reached, and per late return after | One month and 7 days after period end |
| Late PAYE / RTI submission | Monthly penalty | Scales with number of employees; interest on late payment | On or before each payday |
| Failure to notify HMRC of chargeability | Tax-geared penalty | Based on unpaid tax and how late the notification was | Generally by 5 October after the tax year |
Figures shown are general information, correct at the time of writing. Confirm current rates, thresholds and deadlines on GOV.UK or with your accountant before relying on them.
Building an early-stage company requires total focus on finding product-market fit and growing your runway. ETaxFlow handles your bookkeeping and local compliance setup automatically from day one, ensuring you build an organised financial history that investors and HMRC will accept.
Monitors your profit against the £50,000 and £250,000 limits so you always know whether marginal relief applies.
Visually maps operational cash trends, giving founders early warning on capital requirements and fundraising horizons. Updated from live bank feeds in real time.
IFRS-compliant balance sheet, P&L, and cash flow statement generated at any time. Clean cap table tracking and shareholder loan accounting included.
Step-by-step prompts for VAT registration when you approach £90,000 in taxable turnover. Corporation Tax notification timeline tracked from your incorporation date.
Tax questions every UK founder should know the answers to
Yes. You must tell HMRC your company is active for Corporation Tax within 3 months of starting to trade. ETaxFlow's onboarding checklist walks you through this as your first compliance step, whether or not you have taxable profit yet.
Once your taxable turnover exceeds £90,000 over a rolling 12-month period (from 1 April 2024), or you expect to in the next 30 days. Voluntary registration is available below that if it suits your customer base. ETaxFlow tracks your rolling turnover and warns you as you approach the threshold.
Before your first payday, if you plan to pay anyone (including yourself as a director) above the relevant threshold, or provide benefits, or if any employee has another job. ETaxFlow's payroll module handles PAYE, National Insurance and RTI submission from your first pay run.
19% on profits up to £50,000, 25% above £250,000, with marginal relief tapering the rate in between. Most early-stage startups with modest profits sit in the 19% band.
ETaxFlow maintains a complete audit trail: every transaction is time-stamped, linked to its source document, and traceable to the ledger entry. If HMRC opens an enquiry, you can produce the workings, supporting journals and source invoices in a single export.
Yes. ETaxFlow also serves UAE and Qatar businesses, applying each region's own VAT, tax and payroll rules rather than one template stretched over every country.
Everything a new UK company needs to get right from day one.
Needed for PAYE payroll and VAT payments to HMRC. Most banks take a few weeks to open a business account.
Notify HMRC within 3 months of starting to trade so Corporation Tax records are set up correctly.
Registration is mandatory once taxable turnover exceeds £90,000 in any rolling 12-month period. ETaxFlow tracks this automatically.
Required if you plan to pay anyone above the threshold, provide benefits, or someone has another job.
Sequential numbering, VAT treatment and your company details on every invoice.
ETaxFlow stores all records in the cloud with automated backups.