1. Doing Business in the UK
Forum Europe 2007 - Orleans
Paul M Tate BSc FCA
President TVSCA
2. SETTING UP A BUSINESS
IN THE UK
• Agency Agreement
• Distributorship
• Representative Office
• Branch Office
• Subsidiary Company
TVSCA
3. AGENCY AGREEMENT
• UK Agent is independent person – not employee
• Usually acts on commission basis
• Responsible for his own tax and compliance
• Usually acts for a number of companies
• You bill the customer direct
• Compensation for termination of agency
agreement
• Liabilities may flow back to principal
TVSCA