Changing business landscape

Corporate International Tax

In a connected world, international tax is not just for big organisations. Fast-growing start-ups, ambitious small businesses and mid-size companies with overseas expansion plans all face the challenge of understanding and optimising complex international tax.

Changing business landscape

It doesn’t help that the tax system is still catching up with our changing business landscape. The OECD’s new ‘Base Erosion and Profit Shifting’ initiative requires greater transparency around cross-border operations and introduces proposals for more effective taxation of the digital economy. Business that do not fit into established rules for identification of UK income face new taxes such as the Diverted Profits Tax and a proposed Digital Services Tax, and small businesses can unexpectedly find themselves facing hefty disclosure requirements.

Add to this the complexities of dealing with tax rules in the other jurisdictions, and the risk of mistakes or needless inefficiencies escalates. For example, investing overseas without appropriate tax due diligence can significantly increase your tax cost.

Our corporation tax services team has experience of providing and coordinating international tax advice for businesses of all types. Whether you’re undertaking your very first cross-border transaction or leading a complex restructuring project across multiple jurisdictions, we can make sure your tax is compliant, efficient and joined up.

Adhering to diverse tax regulations

Different countries have varying tax compliance laws, making it challenging for businesses to be consistent.

In, not out of your jurisdiction

We can make sure your tax is compliant, efficient and joined up on complex restructuring projects across jurisdictions.

Add Azets to basket

We can advise on E-commerce activities with overseas jurisdictions.

More borders. More admin.

International regulations bring increased reporting requirements. We’ll help manage organising comprehensive financial statements and disclosures for compliance.

We have UK-based specialists for particular jurisdictions and, as a member of international association Allinial Global, access to worldwide expertise. Typical advisory projects include:

Overseas expansion
Withholding tax / Double Tax Relief claims
Cross border acquisitions/disposals
Profit repatriation strategies
Management of overseas tax exposure through creation of a foreign ‘permanent establishment’
E-commerce activities with overseas jurisdictions
Transfer pricing of cross border transactions between related parties
Cross-border loan financing, and treatment of interest, foreign exchange differences and hedging transactions
Interaction of new UK taxes or concepts (such as Diverted Profits Tax) with local foreign tax credit regimes for overseas-owned “inbound” businesses
Indirect taxes such as VAT and customs duties
Payroll taxes
Introducing local trusted advisors to deal with your local filing requirements

Whatever your size or industry, our local teams are ready with practical, personal advice.

Tax planning is a phrase to fill some with organisational dread, but at Azets we plan with efficiency and shine a light on existing and changing ways to be as tax efficient as possible. Contact us to put a plan in place for the now and make it sustainable for the future.

Changing business landscape

Corporate International Tax