Tax Advice | Allen & Atherton

Business and International Taxes

Business and International Taxes

Advising on inward and outward investments is a specialty of our International Tax team, which has many years of experience. Whether you are expanding abroad or bringing your business to the UK, we can help you with international tax issues.

Aside from having an extensive awareness of the UK tax legislation, we also understand how these rules interact with overseas tax rules, which allows us to provide you with effective advice regarding your global tax exposure.

Through our network of tax professionals throughout the world, we are well positioned to provide expert advice to international tax clients.

International Tax Support for Individuals can be found here.

Get in touch with our Businesses and International Tax experts

How to get money into and out of the UK

In the process of extracting company profits from international businesses, double taxation can be a major concern. Double taxation can occur when companies are forced to withhold taxes on payments to non-UK recipients.

By applying the rules set out in the Double Taxation Treaties, our team can advise you on how to move money within and outside the UK tax-efficiently. In many cases, withholding taxes are reduced or eliminated.

Cross-border transactions and pricing

Considering the widely differing rates of corporation tax around the world, HMRC and other local tax authorities are aware of the possibility of groups adjusting the price charged on intra-group transactions to secure a more advantageous tax outcome.

Thus, there are various provisions in place, such as the transfer pricing rules, intended to ensure that group pricing policies are determined on a commercial basis and all transactions are conducted on an arm’s length basis.

With the help of our team, you can create pricing policies that are both tax efficient and compliant with the complexities of the transfer pricing rules.

Another key consideration in cross-border transactions is VAT. With years of experience advising on the implications and obligations of such transactions, our VAT team has the knowledge and expertise to assist you.

The ownership and structure of the business

It is often necessary for businesses seeking to establish themselves in the UK to choose whether to establish a branch (also known as a permanent establishment) or a subsidiary.

As far as taxation is concerned, there are several key differences between branches and subsidiaries, and there is no ‘one size fits all’ approach to deciding which structure is most appropriate.

As part of our service, our team can assist you in selecting the structure that is most suitable to your business and guide you through the process of establishing it.

Ensure Tax Compliance

To be compliant with the ever-changing UK tax rules, international groups with UK operations need to ensure the compliance of their UK operations. We provide compliance and advisory services to a number of overseas-owned companies.

As professional tax advisers, we can relieve your business of the compliance burden by ensuring that you are registered for corporation tax, income tax, PAYE, and VAT and that your returns are filed with HMRC on time.

In addition, we will keep you informed of any changes to the tax laws that may affect your business, such as the recent changes to loss utilisation rules and a restriction on corporate interest.