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Shenzhen UK energy saving technology co., LTD
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How to do business in the UK
Release date:2013-03-25 11:15

How to do business in the UK, trade and legal professionals for the following detailed description:
Comply with local laws and regulations
Market economy is law economy, the British legal system is perfect and mature market operation mechanism. Bilateral exchange magazine recently published entitled "' go global '- in the experience of Chinese enterprises," the article pointed out that Chinese companies used to the Chinese legal system is perfect and full of elasticity, some does not adapt to British law environment, often in the UK for behavior and breaking the law, lawsuits, and had to be constantly "tuition". Relevant personage points out, as the change of economic situation, the law is often in the changes and revisions. Such as tax law, although the basic framework, but about the tax rate, such as, corporate tax and individual income tax respectively for both the company and the employee pay national insurance contributions, there are changes every year. In this respect, besides please professional accounting firms to provide service, personnel engaged in economic and trade business also should constantly tracking, accomplish know fairly well.
Sinochem group co., LTD., head of European, British strict tax system limit the enterprises from all aspects by unfair means the money the tax should be used for any other purposes. British state tax bureau for multinational companies operating profit income tax at the tight, want to tax evasion is impossible, even escape this mark, relevant provisions of the tax law will be the next mark waiting for you, even if passed the audit, also is not equal to the revenue will be able to accept it. If there is a company registered capital is too low, volume is very big, loan debt ratio is too large, verification, tax department will be in a certain proportion to demand back taxes.
Chinese companies to do financial business, profit when you remit the 10% tax deduction. In accordance with the relevant laws and regulations, the company with head office and overseas business between brothers enterprise, British officials also can regulation related transaction is in line with the normal price. Entertainment company, not as a business cost exemption, and to pay the expenditure taxes. British tax department concerned about the private companies, even once verify also will serve as a personal income recovered, this part of the personal income tax.
Do trade business in the UK, must be the legal formalities complete, strict discipline, insist on legitimate business, otherwise will pose a hazard to the long-term development of the overseas companies. Now Chinese companies in the UK internal account is cancelled, only the Ming zhang, and all business activities and capital flow to the public, transparent. To do this, most of Chinese companies in the UK established the risk management department, the financial and business system, every transaction consists of a financial personnel and business personnel jointly sign, payment business payments under the contract, the foreground, middle control risk, the background of financial supervision and financial control system.
China minmetals said, head of UK metals co., LTD., as happened in the past a lot of payment for goods with each other to declare bankruptcy and not take lessons, has made a decision of corporation risk management, set permissions of the general manager, general manager has a veto, but no one votes for rights, general manager of access must be restricted by the salesman.
The chief says, business risk is everywhere, we don't have. Export scale and the benefit is always a pair of contradictory, sometimes to increase exports and export task, to broaden the terms of payment, but the risk is on the rise. Now, first of all to control the risk within the sustainable profit quota, secondly according to the volume size and customer credibility to make decisions, to reduce errors and the loss. If in the long run, you also need to continuously reform and improve the current trade system.

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