Norwegian Group setting up in UK outsource accounting

Our Client 

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. 

Our Approach 

  • 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 

The Outcome 

  • 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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