WebFiling companies house is an efficient, convenient and hassle-free procedure to submit information on your company. This paperless and cashless procedure requires the online submission of a company’s details.
If you are going to start a limited company, you are required to register your company with the Companies House. Companies House maintains all the essential information of all the companies working in the United Kingdom.
Therefore, if you are wondering what WebFiling is and who can use it and how you can use it, then continue reading this blog. We will walk you through all the important information on WebFiling companies house. So, let’s start our discussion!
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What is a WebFiling Companies House?
WebFiling is an online procedure to submit all the information about a company to be launched in the United Kingdom. It provides online tools and forms to fill in all the required information instead of using paper forms.
Paperwork is tedious and is prone to making deadly mistakes leading to the rejection of the forms. As a result, it wastes the time of the company owner. To save this time and errors, Companies House provides WebFiling to fill the form on the official website of the companies house.
Who Can Use WebFiling Companies House?
According to the GoV.UK, the companies having a valid company number or the following prefixes are eligible to use the WebFiling:
- NI, R0 and SC for Limited Companies
- OC, SO and NC for Limited Liability Partnerships.
The companies have 8-character long numbers used to identify each company in the United Kingdom, Ireland and Wales. This number is also known as Company Registration Number (CRN) or the Companies House number. The freelancers and the self-employed persons will be registered as the Unique Taxpayer Reference (UTR) or with a VAT number. They don’t need any CRN numbers.
Why Should You Use WebFiling?
Although there are numerous benefits of using WebFiling companies house. One of the most important advantages is to save time and effort. It makes the form filling and submission smooth and convenient.
Next, it keeps the probability of making mistakes quite low. It notifies the person about a mistake on the spot, ultimately reducing the chances of a form rejection.
Above all, it provides a security system for keeping all the information private and no one can access this important information except the individual getting registered with his or her company.
How To Register For WebFiling?
Completing the registration process requires two types of codes you need to keep safe with yourself for further proceedings. For example, you will get an authentication code to your address after the registration of your company with the Companies House.
After this, you need a valid email address, password and company number. On the other hand, you will use prefixes with the company numbers as described earlier to identify your company.
Using this information, you need the complete the WebFiling registration. Eventually, you will receive a second code, known as a security code, on your email address. You will use authentication code vis a vis security code to make further proceedings if need be.
There are a few companies restricted to use the WebFiling companies’ online forms for any purpose. For example, the companies that have been closed, dissolved or terminated.
Similarly, the following companies do not need to fill in the WebFiling forms:
- Individual or joint shareholders exceeding 1000
- Requiring the submission of lists of a subsidiary and associated undertakings or mergers
- Multiple capital details (paid or unpaid) within the same class of share
- Capital details (paid or unpaid) of a different currency from the class of share
- Exceeding aggregate nominal share value of up to 12 whole numbers and 3 decimal places
- Share value (paid or unpaid) of up to or more than 9 whole numbers and 6 decimal places
- Transferring more than 30 individual share transfers per class within a single WebFiling session
- Having 6 classes of share currency (also applies to SH01)
- Companies with 10 joint shareholders per shareholding
- Changes made up to 255 within a single WebFiling session
So, if you go beyond the prescribed threshold your company does not need to register for the WebFiling with the companies house.
What is the Cost of WebFiling Companies House?
The total cost of WebFiling for the registration of your company is zero. No one has to pay any price for the registration at the beginning. However, if you need additional services, you have to pay a minimal amount.
You have to pay £8 for changing the name of an already registered company.
Similarly, you have to pay £30 for availing of the same day service or quick service.
For other additional services, you need to pay an extra little amount of money for changing the details about your business or for enjoying other services.
In the last, we can say that WebFiling companies house has made the procedure very seamless and convenient for the limited and private limited partnership companies. With no cost and without filling out any paper forms, they can send the information about their company from the comfort of their couch.
However, there are a few exceptions for the companies who are large enough regarding the number of individuals or shareholders. Similarly, the capital or share value exceeding a certain threshold value cannot register for WebFiling.
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Disclaimer: All the information provided in this article in WebFiling companies, including all the texts and graphics, is general in nature. It does not intend to disregard any of the professional advice.