Setting up in the UK timeline

Setting up the company – branch or subsidiary?

• Incorporate UK entity
• Decide on registered office address
• Appoint directors
• Issue shares
• Align accounting reference date
• Consider global mobility requirements

Banking – do you require a UK business bank account?

• Begin process to open UK business bank account

Employees – will you have UK employees?

• Register PAYE
• Obtain employees liability insurance
• Set up work place pension scheme
• Draft master contract of employment
• Draft staff handbook
• Tax reliefs for seconded employees

VAT – do you need a VAT number?

• Apply for VAT

Monthly reporting requirements

• Payroll and pension

Quarterly reporting requirements

• VAT returns

Annual reporting requirements

• Statutory account
• Corporation tax return
• Confirmation statement