Starting a business in the UK

Setting up the entity

Will it be a Limited Company, Limited Liability Partnership (LLP) or something else?

Taxes

Corporation or Partnership Tax?

VAT

Register for Making Tax Digital (MTD) and file your VAT returns via the HMRC MTD portal.

Are you a contractor using subcontractors, or a subcontractor providing services to a contractor?

Does the Construction Industry Scheme (CIS) apply to you?

What will be the basis of your revenue in the UK

Will transfer pricing rules apply?

Will you sell direct from the UK?

Will the UK operation act as a sales and marketing operation?

Employment

Payroll – paying your employees in the UK

Pension – automatic enrolment into a workplace pension scheme

Employee Incentive schemes

Employment contracts

Compliance Requirements

• Annual Statutory Accounts
• Tax filings – corporation tax, partnership tax, P11d, personal tax for employees and directors
• Audit – you must consider the size of the group when determining if a statutory UK audit is required
• Company Secretarial – you must maintain statutory records and file an annual confirmation statement
• Payroll reporting

With a 40 strong team and growing, we have an enviable network of specialist providers who will be able to help you across all aspects of the business. We work closely with a number of professional firms and will be happy to connect you to the right people:

• Banking
• Recruitment
• Employee benefits
• Insurance for your UK entity
• Legal
• HR

Are you ready?

If you’re ready to set up in the UK and want to work with a UK specialist business and accounting firm, then get in touch with Wilson Partners and we’ll be delighted to walk you through the process.

About Wilson Partners

We combine the financial expertise, experience and accessibility of our talented team with a deep understanding of our clients to help achieve their goals.

We provide a suite of integrated, innovative and value-added accounting, tax and corporate finance solutions that empower businesses, investors and private clients to make better decisions. Operating on the outskirts of London for both UK and international organisations seeking inward investment.

We don’t do grey suits, operate in silo’s or spend all day counting beans. On the contrary, we operate out of a vibrant open plan office on the outskirts of London. All our directors are fully engaged in the business and we’re passionate about client success, because after all, if you thrive, we thrive.

Life is short, so we don’t just want to make up the numbers. We are a business that makes a real difference to the relationships we build and helps to make life count for our people and our clients.
Each one of us is dedicated to challenging, inspiring and supporting our clients to live the lives they want and enjoy the success that will benefit those they care about and the wider community.