Expanding overseas remains high on the UK business agenda, despite economic, political, and social challenges across the globe. Where a UK business has plans for expanding overseas, tax issues and opportunities are almost certainly going to arise. SMEs and entrepreneurs seeking to do business overseas need to understand, and prepare for, the nuances of conducting international business – including overseas tax planning and compliance.
But rules and regulations vary by country and jurisdiction, and they are constantly changing. Regardless of where you choose to operate across the globe, it is a certainty that the local tax authority will be focused on seeking a tax contribution from your business.
As we have seen from the public commentary regarding Google and other online businesses, it is quite possible to have significant sales in a jurisdiction without creating such a taxable base.
The act of trading or selling to consumers within an overseas market may be enough to trigger local tax and regulatory liabilities. You do not necessarily have to have established a formal presence within the jurisdiction. To achieve this, you need to plan.
Time to Expand – Choosing an Appropriate UK Company Structure
Picking The Best Corporate Structure for a Diversified Family or Owner Managed UK Company Expansion Many mature family companies have over the years developed a number of trades or ventures. …
Doing Business Internationally & Expanding Overseas
September 2018 brought ETC’s latest Seminar ‘Doing Business Internationally and Expanding Overseas’ to the Guildhall in Stockport. Our speakers this time were Sharon Collier (Associate Director) and Melanie Lord our …
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