Planning for global growth
At Carpenter Box, our dedicated team of specialists have extensive experience helping businesses around the globe.
We are members of PrimeGlobal, one of the world’s leading networks of independently owned and managed accountancy and business advisory firms united by a commitment to provide exceptional client service.
This means we have access to 24,000 professionals in more than 90 countries worldwide, with the global reach and local expertise to translate your ambitions into new markets. Each of the association’s 300 member firms is independent but choose to work together, resulting in strong professional relationships and global collaboration.
As part of PrimeGlobal, we can provide practical advice on matters such as international group and financing structures, cross-border transactions, and individuals who spend significant time abroad.
Are you exploring a new market for the first time, or taking the plunge to start trading internationally? We can help you get the initial planning right to minimise the pitfalls and maximise opportunities.
Take the time to deliberate your reasons to give your global strategy a sense of purpose. Be sure to research local regulations, competition and market, and consider what your operating model will be. Will you sell directly from the UK, or use local agents and distributors?
Our experience can help you find the answers that are right for your business.
Setting up in the UK
There are many factors to consider when establishing your UK business and these can seem onerous.
We can assist with every aspect of setting up a UK company. We work with you to decide which trading entity and structure is best suited to your needs. Then our team can advise you through all the relevant taxation and legal implications of doing business in the UK.Read our guide for setting up in the UK
International tax planning
As your business grows, international tax planning and structuring is essential to keep your global tax bill from skyrocketing. Not only do you need an adviser with a deep understanding of UK tax rules, you also need them to be experts in interacting with overseas legislation to minimise double taxation.
You will need to consider your group structure, and how you will set up foreign operations (including subsidiaries). An effective transfer pricing strategy is also invaluable to support inter-company transactions.
VAT and duty
International VAT rules are extremely complex and managing VAT elements for transactions across different jurisdictions can be very difficult. You will need an adviser who can help you understand the full impact of VAT throughout your global development.
We can advise on effective structuring and compliance matters, help administer registrations in applicable companies, and complete VAT returns for our clients.
Global mobility is a key feature in driving business success, and international assignments will help you establish footholds in new markets. Cross-border operations add more complexity, and you will need to consider legal and compliance requirements in the UK and abroad.
Our private client tax team is experienced in dealing with the specific needs of British citizens who live and work abroad, as well as those that come to live in the UK.