An overseas business establishing an operation in the UK for the first time faces many challenges. There will be logistical issues to consider and it will also be necessary to identify the differences from the home market, not least of which will be the size and nature of the market itself and the less apparent legal and cultural differences.

In addition, there are a whole set of new reporting and compliance obligations including registration with tax and other authorities; payroll compliance; and the maintenance of accounting records.

What factors will I need to consider?

Here are just some of the questions you might have:

• What is the most suitable UK structure for the business?
• Who do I have to notify?
• What are the tax compliance issues?
• What other obligations do we have?
• What do we need to do in respect of our employees?

How can we help?

At True Partners Consulting (UK) LLP we can assist businesses setting up in the UK in the following ways:

• assist in advising on and implementing the most appropriate structure for your proposed UK activity and,
• provide customised support to take away the compliance burden, particularly during the early stages of your business when your UK resources will be limited, thereby allowing you to focus all your energies on building up your business,
• help develop tax efficient remuneration packages for expatriate employees coming to work in the UK,
• bring our approach to international tax issues including:
  • transfer pricing
  • customs duty and VAT
  • earnings repatriation,
  • tax credit planning,
  • cross-border leasing,
  • financing,
  • intangibles planning and worldwide tax management strategies.