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.