Can a non-UK resident open a Tide business account?

The company formations service is only available to UK residents at this time. You can apply for a Tide account (without the company formations service) from outside of the UK. In some cases, we may have to complete additional checks in order to process your application to open a business current account. Department for Work and Pensions (DWP) to deduct benefit overpayments from an employee’s pay. These requests usually come as a letter with payment instructions.

When processing DEA, you should:

• Inform the employee about the upcoming deduction

• Deduct the amount in Tide Payroll 

Go to:  Admin > Payroll > select the current pay period > select an employee > add the DEA amount as a net deduction.

• Send the deducted amount to the DWP, by following the instructions in the letter you received. You must make the payment by the 19th of the month after the deduction.

If the employee leaves before the debt is settled, notify the DWP.

See more details, specifically on benefit debt deduction, here.