Relocating your business to the UK offers significant opportunities, from access to global markets to a strong legal and financial framework. However, the first 90 days are critical. The decisions you make during this period will shape your tax position, compliance status, and long-term success.
As Chartered Management Accountants and Tax Advisers, we regularly support international businesses entering the UK market. The most successful transitions are those that start with clear planning and early action.
Here is what you need to focus on in your first 90 days.
First 30 Days: Establishing Your UK Presence
One of the first steps is choosing the right business structure. For most international businesses, operating through a UK limited company offers flexibility, tax efficiency, and credibility with clients and investors.
You should also register your business with HMRC and Companies House, ensuring that all legal and tax obligations are in place from the outset.
Opening a UK business bank account is essential for managing transactions and maintaining clear separation between personal and business finances.
At this stage, it is also important to understand your UK tax residency position. Residency rules will determine how your income, including any overseas income, is taxed in the UK.
Days 30–60: Setting Up Financial and Tax Systems
Once your business is established, the next step is to implement proper financial systems.
You should assess whether VAT registration is required, either due to expected turnover or because it is beneficial for your business model.
If you plan to hire employees or pay yourself through payroll, you will need to register for PAYE and ensure compliance with UK employment tax rules.
This is also the right time to implement an accounting system that is compliant with Making Tax Digital. Digital record-keeping is becoming mandatory, and early setup will help you avoid future issues.
Planning how you will extract income from your business is equally important. A structured approach to salary and dividends can significantly improve tax efficiency.
Days 60–90: Planning for Growth and Tax Efficiency
With your business operational, the focus should shift to financial planning and optimisation.
Forecasting your profits and understanding your corporation tax position early will help you manage cash flow and avoid unexpected liabilities.
If your business involves innovation or technology, you should assess eligibility for R&D tax relief. This can provide valuable financial support, particularly for startups.
For international founders, reviewing foreign income and gains is essential. The UK tax system may apply to worldwide income depending on your residency status, so early planning can help avoid double taxation and ensure efficient structuring.
As Chartered Management Accountants and Tax Advisers, we support clients with:
business setup and structuring
UK tax planning and optimisation
HMRC compliance and reporting
cash flow forecasting and financial strategy
support for international and cross-border tax matters
We work closely with business owners to ensure a smooth transition and long-term success in the UK.
Book your free introduction call via info@schoolgateaccounts.co.uk.
