For a long time, the United Kingdom, and in particular London, has been a particularly attractive destination for businesses and individuals from all over the world. Its dominant financial and service sector together with a 21st century infrastructure, close proximity to the rest of Europe and multi-cultural and fluid workforce has helped cultivate an environment very attractive to many. Added to that, the combination of relatively low corporate and personal tax rates , a general lack of trade barriers and high internet penetration make the UK an even more desirable location for businesses from all over the world. However, the correct guidance, be it personal or corporate, on how to operate in or through the UK is essential.
Westbury currently has clients from more than 50 countries operating through the UK either directly by way of new companies or subsidiaries or utilising UK companies. We have assisted these entities from the establishment of their operation right through to the provision of full management and accounting support and all taxation matters in between.
Westbury is the sole Central London affiliate of Fiducial International , a worldwide association of Accounting firms founded and operated from France . This gives the firm links to Accountants and tax advisers in most countries throughout the world.
On a personal level, particularly in the light of the new rules relating to domicile, we have been active in advising non-UK domiciled individuals based here and continue to provide creative and practical advice in this area.
2. International Taxation
Westbury are able to provide a full tax advisory service to overseas individuals and businesses including negotiations with the UK taxation authorities and liaising with our international counterparts.
Our experience covers all aspects of expatriate tax, off-shore planning and Trusts.
3. Other Taxation
Our tax experts are able to provide assistance for all areas of tax from corporate to personal including:
=> Corporation tax planning and structuring;
=> Mergers andc acquisitions , sales and reorganisation;
=> MBOs and MBIs;
=> Remuneration and benefits planning;
=> All aspects of VAT from compliance to minimising liability and planning;
=> Personal tax planning relating to domicile and residence particularly taking account of estate taxes.
4. Corporate Finance
Our Corporate Finance advisers, in conjunction with our connections in this area, can assist you with:-
=> Acquisitions and disposals including takeovers and mergers;
=> Business valuations;
=> Due diligence;
=> Finance and private equity and general external finance raising.
5. Audit and Insurance
Companies with a turnover over £6.5m together with most group companies have a statutory obligation for an annual audit. Apart from complying with statutory requirements, this also provides an opportunity for an independent and objective appraisal of your business.
We see the audit process as one where we can add value and objectivity to your business and identify risk areas.
6. Company formation and Secretarial Matters
Through our associated company, The Made Simple Group Limited and its award winning websitewww.companiesmadesimple.com, we are one of the leading company formation agents in the United Kingdom and are able to provide all types of companies at low cost and with the fastest speed. In addition, our company secretarial experts can then make the appropriate modifications to tailor the company to your requirements and advise on:
=> Different classes of share;
=> Responsibilities of directors;
=> Rules relating to registered offices;
=> Annual requirements including the statutory return to Companies House;
=> Maintenance of statutory books and availability for inspection;
=> Complying with all company law requirements.
7. Bookkeeping, Accounting and Management Accounts
Many of our clients, both based in the UK and operating from other countries, require a level ofaccounting support. This can range from preparation of VAT returns to monthly accounts and reports for management purposes.
In addition, all companies are required to file accounts at Companies House that comply with company law and accounting standards.
8. Payroll Management
Our payroll team provides payroll support services and administration for 100s of businesses fully compliant with all payroll regulations and taxes including National Insurance and Pay As You Earn (PAYE).
9. Useful Contacts
Companies Made Simple www.companiesmadesimple.com
Companies House – www.companieshouse.gov.uk
British Chamber of Commerce – www.britishchambers.org.uk
Business Link – www.businesslink.gov.uk
UK Trade and Investment –
London Presence – www.londonpresence.com
HM Revenue & Customs – www.hmrc.gov.uk
BBC – www.bbc.co.uk