LiveAction was looking to quickly expand into the UK while staying compliant with local tax, employment and other regulations. To complicate matters, the Brexit referendum was held during LiveAction’s planning.
LiveAction turned to Vistra to support its UK-expansion options based on its business objectives, planned activities and evolving UK regulations, including those related to Brexit. Vistra outlined various practical options, including the potential risks and benefits of each.
Vistra established the UK subsidiary, opened a UK bank account and completed payroll registrations in the UK so LiveAction could pay its new employees while meeting its tax and social security obligations. Vistra also assists LiveAction’s finance department in the preparation of financial statements and required disclosures for the subsidiary to ensure compliance with local financial reporting standards.