Understanding the client meets is imperative for the success of our business and we our best at it. We provide guidance on international tax accounting and help our clients to avoid preventable taxes within in the UK and abroad. Apart from providing accounting, book-keeping, and UK specific taxation services we also provide cross-border tax recommendation to individuals planning to stay or work outside of the UK.
International Tax Accountants Providing Support to UK Companies Looking To Expand Internationally
If businesses in the UK are looking to expand internationally our learned team can provide assistance to businesses in the following areas:
- Establishing a company in another country/countries
- Establishing an offshore trusts
- Guidance on international tax structures to meet the business needs and budget
Hence, if a UK local business is considering new opportunities in a foreign country or if a foreign player is looking to take advantage of the international growth potential our team can provide assistance with regards to financial planning and business growth. We, thereby, help to evade avoidable tax implications, both in the UK and abroad.
International Tax Accountants Providing Support to International Companies to Set-Up Operations in UK
If an individual or business is looking for investment opportunities in the UK, our learned team can provide assistance in the following ways:
- Accountancy services
- Advise and taxation planning for non-domiciled UK citizens
- Managing administration of UK company
- Provide full domiciliary services for the UK company
- Set-up a company in the UK
- Tax legislation on UK residence and domicile issues
- Tax-efficient structures
In an international business environment, it is essential to seek guidance on the following topics:
- Advice on effective position of intellectual property
- Advice on position of holding companies
- Advice on value added tax (VAT) on cross border transactions
- Assistance with the creation of business entities in overseas jurisdictions
- Country specific advice on effective tax planning
- Review of debt structure and loan arrangements
- Taxation and National Insurance (NI) characteristics of internationally employees mobility
- Effective tax structure to maximise overall profits
- UK tax compliance issues ascending from inward and outward expansion
Understanding Transfer Pricing
The price at which products and services are sold or transferred between associated enterprises is referred to as Transfer Pricing – this is commonly recognised as the most significant taxation topic facing multinational businesses. Though it can offer exceptional tax saving prospects, however, it can as well give rise to substantial compliance concerns. Because of these reasons proper transfer pricing policies are of prime significance to group taxation and risk management strategies. Proper utilisation of taxation opportunities provided by transfer pricing can offer the below stated benefits:
- a nominal or lower tax rate
- better cost control
- respite for stranded losses
- improved cash-flow
Additionally, a well-planned risk management strategy makes sure that exposures pertaining to transfer pricing are achieved proficiently and provides guarantee to auditors, directors, and other stakeholders.
Though the consequences of Brexit is unidentified, on exiting the European Union (EU), the UK will not be a member of the Interest & Royalties Directive or the European Parent Subsidiary Directive, which may perhaps see withholding taxes being imposed on cross-border transactions. Additionally, there might be more exposure to Controlled foreign corporation (CFC) rules as the EU exemption will be removed. However, the planned decrease of corporation taxation to 17% by 2020 will nonetheless carry on making the UK an attractive place to set-up business and accumulate profits. It is imperative to note that the outdated product based transfer pricing is comparatively less complex in the UK as the main focus is shifting towards digital economy, trademark royalties, and licensing. UK has been a wholehearted supporter of Base erosion and profit shifting (BEPS) projects and has since now taken numerous steps to incorporate initial proposals into domestic law.
Our international taxation team provides expert advice, extending from transfer pricing to cross-border mergers and acquisitions and are also specialists in organising cross-border real estate transactions.
DNS Services for international Tax Planning
Tax affairs pertaining to overseas transactions are likely to be multifaceted and might need expert advice to take full advantage of tax efficiency (to reduce tax liability) and make sure the business is compliant with diverse tax authorities. At DNS Accountants, our knowledgeable team is perfectly placed to deliver personalised international tax planning and advice to businesses, trusts, and individuals.
Our accountants have a wide-ranging experience in international taxation and are able to offer appropriate and effectual solutions in authorities world-wide. We commonly advise on the following:
- Assisting with HM Revenue & Customs (HMRC) investigations
- Advise on anti-avoidance legislation
- Advise on transfer pricing strategies
- Corporate acquisitions and disposals
- Cross-border transactions
- Company reorganisation
- Make the most of double tax relief
- Reduce exposure to double taxation and withholding taxes
- Support internationally employee mobility
- Tax-efficient profit extraction
Our team of expert international Tax accountant provides guidance on both inward investment and offshore structuring into the UK.
DNS Accountants specialise in international tax planning and advice and provide personalised international tax advice and planning assistance to a wide range of clients in the UK. It is imperative to understand that most cross-border trades have a tax implication and foreign trade matters can become complex, resulting in unanticipated tax liabilities. To avoid unanticipated tax liabilities, professional international tax advice is crucial. Our learned international tax team makes sure that complete benefit is taken of the diverse tax rules prevailing between UK and client’s home country – this guarantees that all benefits are utilised.
To better understand tax matters pertaining to inter-jurisdictions it is important to consult an international tax advisor. Through DNS Accountants, businesses can receive relevant advice to make certain the efficacy of the proposed structures. Additionally, as international tax advisors, our team of learned CAs and ACAs is able to support clients to plan their future wealth in order to reduce direct taxation on personal income. We commonly advise clients on queries relating to expatriate tax for employees moving from or to the UK.
Any questions? Schedule a call with one of our experts.