UK Subsidiaries

We understand the unique challenges faced by UK subsidiaries of overseas groups operating in the UK.

Our team is committed to offering practical support for the daily management of your UK company, ensuring compliance with the ever-evolving UK auditing, accounting, and tax regulations.

We can manage many of your UK accounting and administrative needs, allowing your business to focus on its core trading activities.

We provide services to a diverse range of UK companies, owned by larger groups from countries such as the USA, New Zealand, France, Spain and Thailand. Many of these clients have been with Whitings for many years, a testament to the quality, efficiency and personalised service we provide.

Please find below further information about the typical services we deliver to our UK subsidiary clients:

• Preparation of Financial Statements
  

  We can prepare your statutory financial statements either from a prepared trial balance or directly from your records, tailored to your specific needs. Our services ensure compliance with UK Accounting Standards, UK GAAP.

• Audits of Financial Statements
  

  Many UK companies that are part of overseas groups require a Statutory Audit in accordance with UK ISAs, regardless of their size. Parent companies may also prefer having the UK financials reviewed by an independent third party. We can provide advice on audit requirements and perform the audit when necessary.

• Liaising with Group Auditors and Finance Functions
  

  We recognise that your UK operations are just one part of your larger group. We will collaborate seamlessly with your group finance functions and group auditors to ensure a smooth group reporting process and achieve greater efficiencies in our work.

• UK Corporation Tax and VAT Advice
  

  We can prepare your UK corporation tax return and, if needed, your UK VAT returns.

Additionally, we offer specialist advisory services on VAT and Corporation Tax matters, including tax planning, transfer pricing, restructures, and post-Brexit VAT and customs considerations.

• Management of your Payroll Service for UK Based Employees
  

  We can establish and manage your UK payroll scheme for your UK-based employees, ensuring compliance with UK requirements such as RTI submissions and auto-enrolment pension obligations.

• Ongoing Support
  

  While the work on your statutory obligations may only span a few months each year, your team at Whitings LLP is always available to assist you promptly with any queries or issues. We stay proactive and will reach out if we become aware of any legislative changes or other matters relevant to you and your organisation.

Get In Touch

Contact your local Whitings LLP office today, where our specialist advisers will be happy to discuss your UK subsidiary requirements with you.

Case Studies

Tax Loopholes for Middle EnglandDividends Certified Eligible Remuneration Cost for EU Funding