Consultations on the tax consequences of starting a business in the UK for residents of Ukraine

Consultations on the tax consequences of starting a business in the UK for residents of Ukraine

Starting a company in the United Kingdom is a convenient way to enter the international market, attract investors, and work with European or British clients. However, it is important for Ukrainian residents not only to register a company, but also to correctly assess the tax implications in both the UK and Ukraine.
Consultant Law Firm provides professional advice on taxation, reporting and tax residency so that you can start a business in the UK without tax risks and hidden liabilities.

Who needs tax advice before starting a business in the UK?

If you are a resident of Ukraine and plan to register an LTD or LLP company or start a sole trader business, you should know:

1. How starting a company will affect your tax residency.
2. 
   Where and what you will have to pay taxes for — in the UK, Ukraine or both countries.
3. 
   Which structure is better to choose — taking into account VAT, corporate tax, and personal income tax.
4. 
   How to avoid double taxation (according to the UK-UA Convention).
5. 
   Whether you need to notify the Ukrainian tax authorities and how CFC (controlled foreign companies) work.

Our consultations give you a clear understanding of your situation and help you avoid mistakes that could cost tens of thousands of pounds or hryvnia.

What taxes and reporting obligations await a company in the UK?

Many entrepreneurs focus only on the corporation tax rate, but in practice it is important to consider the entire reporting system. In the UK, a company must regularly submit financial and tax documentation, even if it is not actively operating.
The main tax and reporting obligations of a company in the UK are:

• Corporation Tax — income tax, standard rate 25% (may be reduced to 19% for small companies).
• 
  VAT — mandatory registration for turnover over £90,000 per year or at the request of customers/platforms.
• 
  Annual Accounts — annual financial statements submitted to Companies House.
• 
  Confirmation Statement — annual confirmation of the company's structure (directors, shareholders, address).
• 
  PAYE — a system for accounting for salaries and paying tax for employees if you register yourself as a director with a rate.
• 
  Self Assessment — personal tax return if you are both a director and a tax resident of the UK.

All these reports are submitted electronically to HMRC or Companies House, and we accompany you every step of the way — from reminders to completing and submitting forms.

What is included in tax consulting?

Our experts' approach is based on a detailed analysis of residency, sources of income, corporate structure and future transactions. As part of the consultation, you will receive:

• Analysis of your tax residency status (Ukraine / United Kingdom / both countries).
• 
  Assessment of tax liabilities: income tax, corporation tax, VAT, dividends.
• 
  Analysis of the risks of falling under the CFC legislation of Ukraine.
• 
  Recommendations on business structure: LTD, LLP, sole trader, holding company.
• 
  Information on reporting, tax payments and communication with HMRC.
• 
  Advice on minimising double taxation through the UK-UA agreement.
• 
  Advice on profit distribution and dividend payments.

After the consultation, you will receive a step-by-step action plan or tax model for starting and legally running a business.

Why clients choose Consultant?

Knowledge of English and Ukrainian tax legislation.

Attention to compliance with CFC legislation, currency control and banking compliance.

Comprehensive support: from opening a company to filing reports.

Frequently asked questions about consulting on the tax implications of opening a business in the United Kingdom for residents of Ukraine