What is a UK subsidiary?
A UK subsidiary is an incorporated company registered with Companies House as an independent legal entity. It is typically owned by a non-UK parent company and can enter contracts in its own name. As a registered UK company, it is required to prepare statutory UK accounts and submit Confirmation Statements.
What is a UK branch?
A UK branch is an extension of an overseas company and is not a separate legal entity. It trades in the UK under the parent company. Branch accounts must be supplied and a Corporation Tax Return submitted each year.
What Expat Individual UK Tax Support do Kirk Rice provide?
Kirk Rice can provide advice on how you are taxed as a resident and as a non-resident, and on how to mitigate double tax that can arise when you have a tax presence in more than one country. We can also help with the related employer compliance issues on pensions, employer share plans, withholding taxes and social security contributions.
What is the Statutory Residence Test?
The Statutory Residence Test is based on the time you spend in the UK during the tax year and the ties and connections you have there. Kirk Rice's specialists can help you understand how it affects you.
Why take professional advice when establishing a UK operation?
Setting up and operating in the UK involves compliance with Companies House and HMRC. Commonly, legal structure, statutory reporting and UK tax obligations should be considered from the outset. Our experienced support aims to help you remain compliant while establishing and operating your UK presence.
Can Kirk Rice help me set up a UK limited company?
Yes. Kirk Rice helps overseas businesses set up UK limited companies and provides ongoing accounting, tax, and compliance support once they begin operating in the UK.