When you set up your limited company, you’ll need to create a number of ordinary shares that denote the ownership of the company – find out more about ordinary shares here.
You can change the allocation and value of these shares at a later date, though. To do this, you must inform HM Revenue and Customs (HMRC) of the changes and apply for a change to your company’s share structure – either online or by post
Statement of capital
Firstly you must tell HMRC:
- The company’s total number of shares.
- The total value of those shares.
- How many shares have been paid for or not paid for
Details of your shares
For each type of share your company has, you have to tell HMRC:
- The rights that come with it.
- How many of the shares are issued.
- Their total value before any additional costs are added.
You need to tell HMRC about changes to your shares within 21 days of the changes taking place.
If you need help changing the shares in your company, give us a call on 01454 300 999, or drop an email to email@example.com