Expanding overseas can bring great rewards for your business.
If you’ve done the economic and market analysis and have come to the conclusion that spreading your business abroad is a beneficial move you are probably left with one question:
‘How do I spread my business overseas?’
It is essential that you have a full understanding of what rates of tax your business will be liable to pay by bringing your company abroad.
5 key taxes you need to be aware of are:
1. Employment Tax, income tax and social security
2. Sales Taxes and VAT
3. Withholding taxes
4. Local business taxes
5. Can you receive relief against your UK tax liability for any overseas tax suffered?