United Kingdom

The UK lives up to its reputation as one of the safest and easiest places in the the world to do business. With a robust market infrastructure, pro-innovation environment, and large talent pool, the UK boasts a global comparative advantage, especially in service sectors such as finance, information, and communication. But companies do need to pay close attention to everything from audit exemptions to pension requirements.

Empowering Global Teams: From HR to Payroll Precision

HSP provides full-service international payroll processing to ensure that your employees’ pay is calculated correctly, your employees are paid on time, every time, and all required payroll compliance filings are managed seamlessly and efficiently.

Our services include standalone payroll, Employer of Record (EoR), Professional Employment Organization (PEO), Non-Resident Employer payroll – circumstances and local law permitting, – Employment tax guidance, and employee expense report support.

HSP provides full-service international payroll processing to ensure that your employees’ pay is calculated correctly, your employees are paid on time, every time, and all required payroll compliance filings are managed seamlessly and efficiently. 

Our services include standalone payroll, Employer of Record (EOR), Professional Employment Organization (PEO), Non-Resident Employer payroll (circumstances and local law permitting), employment tax guidance, and employee expense report support.

Managing a mobile international workforce, whether for short-term or long-term assignments, can add further challenges to your HR function. Through our Global Mobility Consulting group, HSP supports your company’s global mobility and expatriate strategy needs and helps you navigate the complex home, host, and cross-border country requirements.

HSP helps you prepare to send an employee overseas and helps you and the employee stay compliant while living and working abroad.

Designed to extend your in-country HR capabilities, our HR Administration services provide recurring HR support to address those common challenges associated with hiring, onboarding, paying, providing benefits, offboarding and answering the myriad of employment-related questions for your international employees.

By syncing up both the HR and the Payroll function, we ensure that you have a seamless and comprehensive solution.

Our technical consulting services address the challenges facing today’s global marketplace by assisting clients in establishing the appropriate structures to manage and support their workforce.

We understand country-specific HR and Employment best practices, compensation and flexible working packages, understanding benefits requirement and benefits sourcing, performance management, leave policies and termination/redundancy assistance.

At a Glance

No local bank account needed.*

Yes, local representation is required.

The standard payroll frequency is Monthly.

No, local registration isnt required.

The employer taxes are 13.8%+ of gross salary.

Streamlined Success: Entity Management and Beyond

HSP’s Legal Management services include entity requirement analysis and selection, incorporation and post-establishment corporate income tax, indirect tax, and other registrations and licenses. In addition, our services are designed to keep your entity operational and compliant by providing ongoing corporate secretarial support, maintenance and custody of legal records and corporate books, tax agent representation, registered office address, and annual legal compliance.

At HSP, we understand that a company must fulfill local accounting obligations while also reporting on consolidated results to investors and leadership team. With this in mind, HSP Group can assist with both the preparation of local statutory bookkeeping and Financial Reporting – that is, in local GAAP, local currency and local language, and management reporting – considering management entries, and in English.

One of the main things that keep our clients up at night is worry about whether their overseas entities are reporting, filing and paying the correct taxes in each of their respective jurisdictions. HSP’s Tax Compliance takes this burden away from our clients. Our services include both indirect (Sales Tax, VAT, GST, IVA) and direct (CIT and WHT) taxes filing preparation and submission, pre-tax assessment review, tax recovery and tax audit support.

HSP’s technical consulting services is customized to support your business to prevent and resolve many different challenges you will encounter while operating overseas. It is also designed to assist you in scaling operations and developing more efficient and compliant processes in each of your overseas locations.

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Good to Know

The UK has consistently been listed as one of Europe’s top destinations for foreign investment, with South East England, including London, singled out as best-of-class in fDi Intelligence’s flagship “European Cities and Regions of the Future 2022/23” ranking.

The UK offers a business-friendly environment for expansion, trade, and reliable investments. Standout features include a mature, high-spending consumer market, a liberal economy, and world-class talent. Combined with the language, legal system, funding environment, time zone, and lack of red tape, the UK is an ideal place to set up and grow a business.

A UK operation grants access to the second-largest talent pool in Europe, featuring a highly educated and specialized workforce. UK-based companies enjoy some of the most flexible labour laws and competitive labour costs in Western Europe. A meritocratic, points-based immigration system also makes it easier to attract and hire skilled foreign employees, both from the EU and non-EU countries.

*If you want to set up employee benefits, they have to be paid out of a local bank account via direct debit.  So it is not a legal requirement to open a bank account in the UK but a practical requirement.

Top Challenges

Pension Requirements

The local pension legislation can be challenging to follow without local knowledge. Every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. It covers not only who should be automatically enrolled and the different types/minimum contribution rates, but also requires monthly pension assessments, and more.

Audit Exemptions

By law, all UK companies require an audit but certain exemptions from this rule are available based on specific criteria, such as the size of both the company and the group as a whole. (‘Group’ refers to the consolidated position in an accounting sense). Most international companies setting up a UK subsidiary will not be exempt from audit due to the size of the Group.

Intricate HMRC Reporting

Compliance with HM Reporting & Customs regulations requires attention to a myriad details. When operating a payroll under the PAYE Real Time Information, all remuneration paid to employees must be reported to HMRC on or before the date of payment by a RTI submission. Also, any share-based awards must have the schemes registered with HMRC and require annual ERS filings reporting to HMRC.

Next Steps

When you partner with us, you gain immediate access to GateWay, our global expansion management (GXM) system. This pioneering platform allows you to effortlessly and compliantly manage your international operation.

We combine an unparalleled focus on the customer experience with GateWay, our pioneering global expansion management system (GXM). With every application and data point at your fingertips, this platform was designed to let you effortlessly manage your international footprint.

“While local vendors tend to primarily care about their sliver of the business, HSP Group is, as the single provider, fully invested in the success of the entire organization.” 

Head of Finance and Operations at a fast-growing FinTech

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