Bookkeeping in London

When you need an accountant in London

In the UK, an accountant is essential for almost anyone who is self-employed: Self Assessment and Corporation Tax leave no room for mistakes. Russian speakers need one for: registering as a sole trader/Ltd, VAT, taxes, and the regime for new arrivals.

Price reference: bookkeeping for a sole trader — £60–150/mo, Ltd — £120–350/mo. Initial consultation with SVOY accountants — free.

What matters specifically for Russian speakers from the CIS

• Non-dom abolished — new FIG regime. From April 2025, the old non-dom regime is closed; new arrivals fall under the 4-year FIG regime: foreign income and capital gains are not taxed for the first 4 years. For wealthy individuals from CIS countries, this is the key instrument — it must be structured correctly and promptly.
• Income from clients in Russia. Structured via Ltd or sole trader; UK banks are strict about funds from Russia — transparency is required. USDT, third-country accounts, and international transfers.
• Worldwide income after 4 years under FIG is taxable — plan ahead with an accountant.
• CIS documents. Apostille and certified translation — can be arranged remotely.

Taxes and business structures

• sole trader — simpler; Ltd — with limited liability;
• Corporation Tax 25% (19% for small profits), VAT 20% (£90,000 threshold), Self Assessment for individuals;
• PAYE and National Insurance — for employees;
• Making Tax Digital — digital-format reporting.

How to choose an accountant

• hire a chartered accountant (ACCA/ICAEW) with experience in FIG and expat clients;
• decide between sole trader and Ltd before you start;
• a Russian-speaking specialist will fine-tune your regime and deductions.

Looking for an accountant in London? Describe your situation — we’ll answer your questions for free, and a specialist will personally review your case.