The challenge

A large betting group approached us for help creating a UK back office to develop
and support IT systems and the betting platform.

We were able to get involved at an early stage, making recommendations on the
best approach to take and compliance with legislation and tax rules.

 

How we helped

We advised our client to create a UK subsidiary and led the process of VAT and
PAYE registration.

To reduce the in-house administrative burden, the client outsourced the entire
finance function to us, giving us access to the company bank account for making
payments, carrying out book keeping, and providing monthly management
reporting to the CEO and CFO. In this way, we could strike a balance between
taking responsibility for finance and maintaining visibility at the European level.
In addition, we helped the client comply with UK tax and VAT legislation by setting
up intercompany service charge agreements. By getting these agreed with HMRC,
we ensured transfer pricing matters were addressed from the start, removing the
risk of nasty surprises later in the business’ life.