Management Accounting and Bookkeeping Services for UK Subsidiaries
Outsourced Accounting for UK Subsidiaries: Accurate, Compliant, and Aligned with Group Reporting
Why Outsource Your UK Bookkeeping and Management Accounts?
Managing UK books from overseas can result in avoidable errors and inefficiencies. Outsourcing ensures:
- Compliance with UK Tax and VAT Rules: In the UK, not all expenses are tax deductible and VAT recovery has strict limitations. For example:
- Business entertainment, e.g. taking customers to lunch, is not tax deductible, and VAT cannot be reclaimed.
- Even on company cars, VAT recovery is not allowed. We apply the correct rules from day one, avoiding costly errors in both corporation tax and VAT filings.
- Making Tax Digital (MTD) Compliance: UK VAT returns must be submitted using MTD-compliant software. Many overseas platforms are not compatible with HMRC systems. We use HMRC-approved software and can provide you access to the platform to handle invoicing and reports.
- Tailored Chart of Accounts: Unlike some jurisdictions, the UK does not have a mandated chart of accounts. We structure the UK bookkeeping to align with your group reporting and internal requirements.
- Lower Year-End Costs: When we prepare the bookkeeping, your year-end accounts process becomes more efficient and cost-effective, saving time for your audit and statutory accounts teams.
Our Bookkeeping and Management Accounting Services
Tailored Bookkeeping and Reporting
Full UK Compliance
Accurate bookkeeping in line with UK financial reporting and tax rules.
Custom Chart of Accounts
We configure your UK accounts to match your Head Office’s financial structure.
Bank Feed Integration
We use bank feeds to streamline reconciliations and reporting.
Digital Expense Management
Our employee expense system interfaces directly with our bookkeeping software.
Management Reporting
On-Time, Every Time
Regular, deadline-driven reports for internal use or consolidation.
Head Office Friendly
Reports formatted to integrate seamlessly with your group-level reporting.
Credit Control Support
Detailed credit control reporting to support your UK sales team.
Customer Statements
We can prepare and issue statements to customers on your behalf.
FAQs
Yes. UK tax rules differ from other countries, especially around expense deductibility and VAT recovery. UK-compliant records are essential for corporation tax and VAT returns.
Not for UK VAT purposes. UK law requires MTD-compliant software. We use HMRC-approved platforms that also allow remote access, so you can still view and use UK records.
That’s fine. Many of our clients are audited or consolidated by Big Four firms. We work with their UK teams and auditors to support the subsidiary, often at a more appropriate fee level for a smaller UK operation.
Yes. You will have access to the system to issue invoices or view financials.
Yes. We use an integrated expenses platform and apply correct VAT and tax treatment.
It’s more efficient and cost-effective. We understand your data from day one and eliminate duplication or restatements when preparing statutory accounts.
Contact Our Experts
We understand the challenges of managing UK entities from overseas. Let us support your UK subsidiary with local expertise and international experience. Contact us to find out more about how we can help.
Caroline Peverett
Director
Head of Accounting & Audit
Paul Riordan
Senior Manager
Management Reporting