Norwegian Group setting up in UK outsource accounting
A Norwegian Group setting up a company in the UK with focus on developing improved technology for supporting plug and abandonment services look to outsource accounting.
- Provided outsource accounting service utilising cloud-based accounting software.
- Worked in close partnership to understand the client
- Provided support in registering with HMRC for PAYE and VAT services
- Identified Research and Development tax reliefs available
- Advising on complex VAT matters for overseas activity
- Providing Norwegian payroll compliance service for UK employees
- R&D tax relief claim was successfully made
- No internal resource was required in the UK
- Data on accounts became easily accessible online
- Client was provided with a clear understanding of requirements and compliance for UK and Norwegian tax reporting requirements
- Time saving for management in Norway
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