All You Need To Know About Expanding Overseas

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All You Need To Know About Tax Planning

tax planning

If your 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.  This includes overseas tax planning and compliance.

Rules and regulations vary by country and jurisdiction, and they are constantly changing.  Regardless of where you choose to operate across the globe, it’s a certainty that the local authority will be focused on seeking a tax contribution from your business.

The aim of the tax planning is to minimise the amount of tax payable on international profits, while ensuring adherence to local and international tax rules and obligations.

This might include designing international group structures; managing profits across borders; identifying suitable jurisdictions in which to hold intellectual property; advising on the movement of staff between jurisdictions; advising on how funds might be returned to shareholders.

There’s a broad range of tax issues to consider when expanding your business overseas into new markets. 

Some of the questions you should ask include:

Do double tax treaties exist in your chosen markets, to avoid paying double taxes?

What are the rules relating to withholding and other local taxes?

How do the transfer pricing rules operate?

What is the impact of the ‘Base Erosion and Profit Shifting’ measures?

Is VAT registration required, or a local equivalent?

How might existing assets be transferred overseas without triggering any undesirable tax charges?

How is intellectual property dealt with when expanding overseas?

How will profits be repatriated to the UK and UK shareholders?

How to extract value from the business tax efficiently?

How to sell the business tax efficiently?

How to pass on the business tax efficiently?

Speak With A Tax Expert Now To Reduce Your Tax

Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas.  After all, they're experts in their field.

To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.

Your initial conversation will be without charge and without any commitment to go ahead. 

The Financial Conduct Authority does not regulate taxation advice.

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