Getting your global tax affairs in order
Running a technology business can often benefit you by giving you the opportunity to trade globally but it comes with various international tax obligations.
For example, trading globally can be a great way to:
- Hire skilled developers
- Sell your technology in more countries
- Acquire a competitor
- Import goods and services at affordable prices
Unfortunately, expanding overseas comes with additional tax and compliance costs and can easily turn a profitable opportunity into a loss making one if you are not aware of all the steps you need to take to remain compliant.
Taking the example of hiring overseas developers, you should ask yourself these questions:
- What payroll taxes do I need to pay?
- How much does it cost to run a local payroll?
- Do I need a local bank account?
- What foreign exchange exposure do I have?
- Does my company need to file a company tax return locally?
- What transfer pricing documentation do I need?
- How do I fund my overseas activities?
- Will I suffer any withholding taxes?
If you are conducting business internationally, or if you are spending time overseas, we can support you so that you avoid suffering too much UK or foreign tax.
Our Approach to International Tax
The way in which you structure your business or personal tax affairs has an impact on how much tax you pay. At Tech Relief we advise you on efficient international tax planning strategies that optimises your tax position.
Why Choose Our International Tax Service
Compliance requirements
We can advise you on what action you need to take to remain compliant both in the UK and overseas.
Global tax incentives
There are thousands of tax incentives that are available across the world and we can help you understand your entitlement if you are working or conducting business internationally.
Coming to the UK
If you are coming to the UK to work or start a business, we can help you assess your tax obligations. We aim to make the process as straightforward as possible.
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Tech Relief
128 City Road, London EC1V 2NX
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TR Tax Advisers Limited, trading as Tech Relief, are registered as a limited company in England and Wales under company number 15693007. Registered office address 128 City Road, London, EC1V 2NX. Trading address 197 St. John's Road, Walthamstow, London, E17 4JL.
We are Members of the Institute of Chartered Accountants in England and Wales.