Accounting and tax for trading and distribution

Overview

Multi-currency trading operations require coordinated UK and UAE accounting, VAT and transfer pricing.

Common situations we address

• Goods sourced in UK, stored in UAE free zone, sold across GCC
• Transfer pricing on limited-risk distributor margin in UAE
• Import VAT and customs duty at UAE border on UK shipments
• Inventory obsolescence and shrinkage affecting CT in both entities
• Letters of credit and trade finance complicating revenue cut-off
• Related-party pricing on goods sold from UK parent to UAE sub

Our approach

Trading and distribution groups need tight inventory, margin and VAT controls across borders. We coordinate UK and UAE accounting for goods flows, customs, transfer pricing on buy-sell margins and working capital funding between entities.

Typical deliverables

• Inventory and margin reporting by entity
• Transfer pricing for distribution functions
• Import and export VAT transaction guide
• Working capital and stock funding memo
• Cut-off and accrual checklist for year-end
• Intercompany goods reconciliation process