Blog

Jun 25

Branch in the UK Vs. UK Ltd (subsidiary) Company

The basics A branch can also be referred to as a representative office, or a UK establishment. A subsidiary is sometimes referred to as a sub, or UK wholly owned subsidiary. The subsidiary is a completely separate legal entity from the overseas parent company. We have previously explained the advantages and disadvantages of a subsidiary. A branch is […]

By Paul Beare UK Company Structure

find out more

Jun 25

UK VAT explained: Cash vs accrual accounting

The chances are that as a growing business you will quickly encounter the UK’s Value Added Tax (VAT) system. There is a complete VAT explainer here, but in brief, you must register for VAT if: you expect your VAT taxable turnover to be more than £85,000 in the next 30-day period your business had a VAT taxable turnover of more […]

By Paul Beare UK Tax

find out more

May 25

Checklist for opening a UK bank account for an overseas company

There is no precise “how to open a UK bank account for overseas owned companies” handbook. Unfortunately, it is often easier for UK banks to decline to open an account, than it is to complete the hurdles and internal challenges they face from a compliance perspective. Below, we have prepared a checklist for opening a […]

By Paul Beare UK Banking

find out more

May 25

A Simple Guide to operating a UK Payroll for overseas companies

Registering a UK payroll scheme for overseas companies To have a UK payroll scheme for overseas companies, you need to register as an employer with HM Revenue and Customs. A payroll can be run monthly, which is usual in the UK, or weekly. As part of running a payroll scheme you are responsible for collecting payroll […]

By Paul Beare UK Payroll

find out more

Apr 25

A checklist for completing a UK VAT Return

Our checklist for completing a UK VAT return below provides details on what information is to be included on the UK VAT return. 1.VAT due on sales and outputs VAT due on sales and outputs is the total amount of VAT charged on sales for goods and services in the period covered by the return. […]

By Paul Beare UK Tax

find out more

Apr 25

When not to charge VAT in the UK

In the UK, you can’t charge VAT on exempt items or services. Exempt goods or services are supplies that you can’t charge VAT on and the “exempt” category relates to a limited number of UK services like health services provided by doctors, insurance, and gambling. Exempt goods or services. If you buy or sell an […]

By Paul Beare UK Tax

find out more

Branch in the UK Vs. UK Ltd (subsidiary) Company

UK VAT explained: Cash vs accrual accounting

Checklist for opening a UK bank account for an overseas company

A Simple Guide to operating a UK Payroll for overseas companies

A checklist for completing a UK VAT Return

When not to charge VAT in the UK

Paul Beare

Categories

Tags