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Setting up in the UK

Home|Setting up in the UK

Posts, thoughts and articles for overseas companies setting up in the UK or those gathering research from UK based accountants and legal advisors in London.

Crossing the bridge

2020-07-06T10:59:02+01:00July 6th, 2020|Setting up in the UK|

A recent webinar focusing on the opportunities for overseas FinTech companies in the UK heard from a range of practitioners, professional advisers, and even the Lord Mayor of London himself to discuss how to translate local success in NZ into a foothold in the well-established UK ecosystem. Organised by FinTech NZ, the webinar guests discussed ...

Bridging the Fintech gap

2020-06-26T15:10:16+01:00June 26th, 2020|DIT, Setting up in the UK|

A recent webinar explored the burgeoning opportunities for FinTech companies in the UK. Organised by Fintech NZ, located in New Zealand, the virtual event brought together practitioners, professional advisers and even the Lord Mayor of London to launch the FinTech NZ’s most recent report, ‘FinTech Future’. The report outlines the opportunities in the fintech sector ...

Setting Up In The UK: Business Culture 

2020-06-04T13:23:04+01:00May 24th, 2020|DIT, Setting up in the UK|

We like to highlight to clients the importance of culture when considering to set up overseas. The UK business culture is more formal than other countries such as Australia – for example, a ‘smart casual’ business attire would generally consist of a suit or jacket with an open shirt. A formal ‘business attire’ would include ...

Setting Up In The UK: Corporation Tax  

2020-06-04T13:23:11+01:00May 24th, 2020|DIT, Setting up in the UK, UK Tax|

The responsibility for correctly calculating the UK corporation tax liability falls on business directors, irrespective of whether they are based in the UK or overseas.  Corporation tax is an amount that limited companies must pay to HMRC on all taxable trading profits. It could be referred to as income tax. It is also known as a ...

Setting Up In The UK: Plans For Growth  

2020-06-04T13:23:22+01:00May 23rd, 2020|DIT, Setting up in the UK|

Plans for growth overseas is an exciting time for companies and is when you should lean on your global networks for support. Paul Beare recently spoke at the UK Department for International Trade, based in Melbourne, where he explained the importance of nurturing your network.   Networks and Professional Advisors  There are a number of providers ...

Setting Up In The UK: Trusted Advisor  

2020-06-04T13:23:32+01:00May 23rd, 2020|DIT, Setting up in the UK|

Our advice when setting up your business in the UK would be to firstly, choose a trusted advisor. This person can help you research the UK and European markets.   Doing business in the UK is a wholly different challenge compared to doing business in your home country. The best way to succeed is to harness ...

Setting Up In The UK: Business Reporting  

2020-06-04T13:23:45+01:00May 23rd, 2020|DIT, Setting up in the UK|

In the UK, businesses have three main reporting procedures to carry out, these include Payroll, Confirmation Statement and Corporation Tax.   Payroll   Payroll is usually run monthly in the UK, not twice a month like in Australia. Companies are required to file a monthly return and the payroll taxes are due to HMRC in the middle ...

Setting Up In The UK: Pensions 

2020-06-04T13:24:16+01:00May 22nd, 2020|DIT, Setting up in the UK|

In the UK, the Government took steps to ensure that employees are members of a company pension scheme and don’t solely rely on state pensions. The Pensions Act 2008 requires all employers to set up and contribute to a workplace pension scheme for anyone they directly employ. This legislation applies to any employer who has ...