Guide

Running a limited company

Directors' responsibilities

As a director of a limited company, you must:

You don’t need to register for Self Assessment or send a tax return if your company is a non-profit organisation (eg - a charity) and you didn’t get any pay or benefits, like a company car.

You can hire other people to manage some of these things day-to-day (eg - an accountant) but you’re still legally responsible for your company’s records, accounts and performance.

You may be fined, prosecuted or disqualified if you don’t meet your responsibilities as a director.