“INTERNATIONAL TAX” Doing business beyond a company’s home country is no longer the prerogative of giant multinationals.
Today, firms of almost every size often need to extend their customer base and supply chain in order to succeed in an increasingly competitive global market. Technology has transformed international communications, and now everyone has access to global suppliers and markets.
“INTERNATIONAL TAX” LOCAL PRESENCE
Some firms will simply need to sell to foreign customers. Others will offer composite services – possibly with additional facilities like training, sales support or maintenance. Taxwise, one needs to be sure in setting out the extent and ambit of any foreign presence and whether that is a representative office, place of business, permanent establishment, branch or similar. These aspects are important in determining liability to local corporate, payroll and sales taxes (UK VAT).
LOCAL REPORTING AND DISCLOSURE
Local reporting and filing requirements must be taken into account in making the choice of most advantageous form for local presence. A business that sets up an overseas branch, for example, might discover that it is required to have its accounts translated so that it can file on the public register in the overseas territory.
INTERNATIONAL STRUCTURING
We assist customers – individuals and companies – in organizing their offshore operations to achieve optimal tax effectiveness considering the UK and foreign taxes interaction. Those structures may comprise suitable locations of a holding company, foreign residence ownership of UK investment property, intellectual property ownership and finance company ownership.
VAT
Our specialists advise on all facets of the UK ranging from the bedrock of compliance, i.e., the duty to register, through to cutting-edge VAT planning.
The department for global taxes is also qualified to assist in regards to matters regarding excise, inland customs, importation and export processes and formalities.
“INTERNATIONAL TAX“
EXPATRIATE TAX
Staff and seconded personnel typically struggle to determine where income should be taxed in every country and how to manage the paperwork for tax, social security, and pensions. We can minimize disruption to the business and find ways to save future costs.
PAYROLL
For overseas businesses who wish to trade in the UK, we set up and run payrolls so that HM Revenue & Customs sanction the correct deductions.
COMPANY INCORPORATION AND COMPANY SECRETARIAL
As one of our services of tax advice, we are able to arrange UK or offshore company, trust and foundation formations. Our affiliation with AGN allows us the best worldwide cover and access to most commercial centres of the world.
CAN WE HELP?
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Our global tax experts can assist you in determining what type of local presence is appropriate for your company, and make you aware of and assist you with your local filing requirements.
Cautious tax planning can often decrease the overall burden of tax and also manage and minimize the threat of additional charges. We can help you sort out your overseas structure – e.g. prepare your VAT returns, organize your foreign payroll or support your foreign employees so they can focus on their work and not grapple with local social security and taxation law.
As a member of AGN International, a global association of independent and standalone accounting and advisory firms, we have access to practical business advice in every part of the globe. This is under a context of trusted relationships for providing high-quality at reasonable cost. It offers an antidote to the cost and sophistication of some of the global players.
If you would like to expand your company through exporting internationally, please contact one of our specialists listed on this page for an initial consultation regarding how we can help.