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Post Info TOPIC: Book-keeping for an overseas company
NA_AA


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Book-keeping for an overseas company
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What kind of things would you need to watch out for when completing book-keeping work for an overseas company?



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Thanks, Nadia.
Amanda


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Tax and VAT may be different to uk stuff? Just a thought.

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Amanda
NA_AA


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well, that is what I have thought but please note the following:

- Owner has only moved to UK 2 months ago

- The business is registered overseas and is trading overseas

- No trading is taking place in the UK

- Owner is bringing in the income earnt overseas into the UK - which is used for day to day living expenses

Therefore I am thinking the trading has nothing to do with UK tax laws.... is only subject to overseas taxes..... Not sure on this point therefore needed a little guidance



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Thanks, Nadia.
Wella


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There is probably no issue with UK VAT/ taxes but I think Amanda meant the taxes where the business is based.

I think my main concern with a new client only just arrived in the UK, and trading offshore, would be the MLR implications.

Bill



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