A Spanish S.L. opening in London
Two sets of books and two VAT systems. Now one monthly close for both entities, filed on time six quarters in a row.
Case file
Client
Company · Madrid → London
Sector
Software
Countries
Spain → UK
Year
2024
2
entities
1
monthly close
0
late filings
A Madrid software company with forty staff won its first large British customer and needed a UK entity within two months. Its books were kept by a local gestoría, quarterly and in Spanish only.
One file for two companies
We set up a UK subsidiary, moved both entities to the same accounting software and agreed a single monthly close with one chart of accounts.
Two VAT systems, one calendar
Spanish IVA and UK VAT returns are prepared by the same team, with intercompany invoices checked before each quarter ends.
Both entities now close by the tenth of each month. The board receives one consolidated report, and every return has been filed on time for six quarters in a row.
Cases are described with our clients’ permission. They describe our work, not financial results.