Oil & Gas - Services: Case Study 1

Background

Norwegian Group setting up a company in the UK with focus on developing improved technology for supporting plug and abandonment services. Technical team in UK was supported by relatively small Norwegian management and finance team.

Our Approach

  • Provided outsourced accounting service utilizing cloud-based accounting software.
  • Worked in close partnership to understand business
  • 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 Benefits to the Client

  • No internal resource required in UK
  • Data on accounts easily accessible online
  • Cash flow benefit of tax reliefs available
  • Provided with clear understanding of requirements in UK
  • Time saving for management

The Plus Factor in Action

  • We helped our client make money by ensuring that allowance for R&D tax was claimed.
  • We saved our client time by providing a service in the UK that allowed management and finance team in Norway to focus on other priorities.
  • We gave our client peace of mind by ensuring compliant with UK and Norwegian tax reporting requirements.
  • We supported our client now and in future by supporting client in start-up phase we have been able to provide added support as they start operational activity.
More in this category: Oil & Gas - Services: Case Study 2 »
Neil Dinnes

Key Contact

Neil Dinnes
Partner

neil.dinnes@aab.uk
+44 1224 625111

Alasdair Green

Key Contact

Alasdair Green
Director

alasdair.green@aab.uk
+44 1224 625111

Callum Gray

Key Contact

Callum Gray
Director

callum.gray@aab.uk
+44 1224 625111

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