Expanding your business overseas and reaching new consumers is an attractive prospect, but before you dig out your passport, you’ll need to think about the tax laws and legislation in your destination.
Rules and regulations vary from country to country. There’s a hell of a lot to learn and you’ll be facing a brand-new set of compliance guidelines. You’ll need some expert advice on setting up as early as possible to avoid falling foul later on.
OUR TAX GEEKS MAKE EXPANDING OVERSEAS EASY
We work with businesses of all sizes – from established multinationals to SMEs expanding overseas for the first time, helping them understand the tax implications of their international expansion.
Our tax geeks will support your growth and use our global network of connections to make sure you’re meeting the tax obligations of your chosen destination – wherever that may be.
And then we’ll enhance it, by planning out and structuring your expansion to minimise any tax leakage and ensure you’re operating in the most tax efficient way possible.
CROSS ORDERS WITH CONFIDENCE
Our people dig deeper, they think outside the box and they ask questions that give us a real insight into your aspirations and any of your concerns. Some of the specialist areas we can help with include:
• Transfer Pricing: You’ll probably be wanting to trade goods or services between the group companies in each country. We’ll help you develop a transfer pricing policy to keep the UK and overseas tax authorities happy.
• International Structuring: We’ll make sure you consider where your operations are located to maximise tax savings, too. In the UK for example, the government offers generous tax reliefs including Research & Development (R&D) tax credits and Capital Allowances. We’ve got specialist teams dedicated to helping businesses just like yours claim those, but we can also keep you up to speed with similar opportunities overseas.
• Indirect Taxes: International expansion naturally involves complexity surrounding supply chain. And it unlocks additional indirect tax risk and obligations. Whether you’re trading cross border in the EU, or further afield, our team here in the UK can quickly mobilise our international network to ensure that all localised indirect tax, VAT and GST issues are known to you and effectively managed.
• Expatriate Tax: If you or any of your people are looking to move abroad to work or live, we can guide you through the complex field of international tax. We’ll help you understand and establish your tax status, and make sure you understand your tax obligations in both countries. And we can help overseas employees wanting to come here, too.
PLANNING AHEAD FOR YOUR OVERSEAS EXPANSION
Depending on which jurisdiction you’re moving into, the timescales for setting up your business can vary. That’s why it’s a good idea to set your plans in motion and start asking questions about your tax requirements as soon as you can.
If you choose us, you’ll be working with a tax team that were named Best Tax Practice in a Regional Firm at Tolley’s 2018 Taxation Awards. We’ve got specialist tax geeks that regularly help clients with international expansion, and they’re perfectly placed to advise you on all the different aspects of international tax planning.
We’ve got strong, long-standing connections with a number of international networks, too, so we’re confident we’ll be able to provide the global reach and the solutions you need to make your overseas expansion a complete success.