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UK Accounting

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Archives of UK accounting blog articles from Paul Beare Ltd – accountants and legal advisers based in London, UK. Providing insight and knowledge about doing business in the UK.

UK VAT explained: Cash vs accrual accounting

2020-04-20T12:23:10+01:00April 20th, 2020|UK Accounting|

The chances are that as a growing business you will quickly encounter the UK’s Value Added Tax (VAT) system. There is a full 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 ...

UK Invoicing: Getting It Right

2020-04-17T13:06:36+01:00April 17th, 2020|UK Accounting|

It may seem simple, but for many businesses, UK invoicing can be a tricky process, especially for those new to the UK’s tax and revenue system. But getting it right needn’t be difficult if you follow a few basic rules, as Glenda Tickle, relationship manager at Paul Beare Ltd explains:   It’s really important to make sure ...

Producing UK dormant accounts for a UK company in USD/EUR

2018-07-15T10:32:53+01:00July 14th, 2018|UK Accounting, UK Tax|

We are asked periodically about producing dormant accounts in the UK for UK company where the accounts currency is in either USD or EUR. Other currencies can of course be used. What constitutes a dormant company? Simply put this is a company that has been no transactions on the bank statement apart from perhaps a ...

International Accountants in London

2018-04-23T17:58:20+01:00April 3rd, 2018|Setting up in the UK, UK Accounting|

Every firm of international accountants in London are competitors. Every firm will register a company, register for VAT, payroll and provide on-going support and compliance. Over the years there have been specific names that come up time and time again –competing for the same type of work – foreign direct investment (FDI). FDI is the ...

UK VAT Registration for online businesses

2017-08-10T15:14:08+01:00August 10th, 2017|Setting up in the UK, UK Accounting, UK Legal, UK Tax|

HMRC's more rigorous approach to company's that need UK VAT Registration for online businesses set a precedent earlier this month (1 August 2017) with eBay resulting in customers no longer contracting with eBay Europe in Luxembourg, but now trading with eBay (UK) Ltd. This meant for the customers of eBay (UK) Ltd, that VAT will ...

Benefits of a UK based accountant

2017-07-22T19:54:27+01:00February 24th, 2017|Setting up in the UK, UK Accounting, UK Legal|

We sometimes hear people say that they do not need a UK based accountant for their UK operation, especially in the early days of setting up a UK business. Others have an approach that an accountant is just there to ‘fill out forms to keep the tax man happy’. For an overseas company having a ...