Pharma MNC Contractor: Tax & Compliance Checklist (IE/UK, 2025)

Contracting with multinational pharma companies demands tight financial discipline. Use this checklist to stay compliant, avoid fines, and keep more of what you earn.

Weekly/Monthly

• Bookkeeping: Reconcile bank & credit card feeds. Attach supplier invoices to each transaction.
• Director Payroll: Run payroll on time, file PAYE, and pay liabilities before the deadline.
• Invoicing: Match POs and timesheets; agree client-specific invoicing rules (tax point, currency, PO numbers).

Quarterly

• VAT: File on time; verify place-of-supply and reverse charge for cross‑border services.
• Financial Check‑In: Review cash runway, rate vs. market, tax provision %, and pension extraction plan.

Annually

• CRO Filings: Annual return & financial statements (iXBRL if required).
• Corporation Tax: File & pay on time; consider R&D relief boundaries if applicable.
• Strategic Tax Review: Optimise salary/dividends, pension, IP/know‑how, and reliefs.

Cross‑Border Watch‑outs

• Permanent Establishment (PE): Avoid creating a taxable presence overseas unintentionally.
• Withholding/PAYE: Clarify client country rules; ensure contracts reflect service location.
• Social Security: A1/PD A1 where relevant; check split‑work country rules.

Bann Advisory’s Single‑Tier Compliance Package includes bookkeeping, VAT, CRO filings, director payroll, quarterly reviews, and an annual strategic tax review.

Join our next quarterly intake to get structured, compliant, and in control.