What happens after I register a company?
Updated 2026-07-03
After registering, you need to register for Corporation Tax with HMRC within the required window, open a business bank account if you haven't already, set up your accounting/bookkeeping system, understand your filing calendar (confirmation statement and annual accounts, both dated from your incorporation date), and consider any insurance your work requires, before you take your first payment, not after.
| Task | Why it matters |
|---|---|
| Register for Corporation Tax with HMRC | Legally required once you start trading |
| Open a business bank account | Keeps company money legally and practically separate |
| Set up bookkeeping | Avoids reconstructing months of transactions later |
| Note your filing deadlines | Confirmation statement and accounts carry automatic penalties if missed |
| Consider insurance | Depends on your specific work, some covers are effectively required (employers' liability if hiring) |
FAQs
Do I need to do anything with Companies House again soon after registering?
Yes, your confirmation statement becomes due annually from your incorporation date, even if the company hasn't traded.
Is registering for Corporation Tax automatic?
No, you must actively register once you start trading, it isn't triggered automatically by incorporation alone.
References
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