Setting up in the UK timeline

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