Overseas Tax Minefield

If you are looking to expand your business overseas or just need help understanding the complex tax arrangements that apply to foreign income e.g. remittance basis, then you have come to the right place. Steedman & Company offer over 25 years of experience and expert knowledge to those looking to gain a broader understanding of HMRC rules and finding out all there is to know about legislation. Our team of adept advisors take an active interest in clients’ business, forging relationships based on trust and respect, whilst always thriving to keep as up to date as possible in the ever changing world of HMRC legislation.

Resident / Non-resident

It is important to understand what is meant by ‘resident in the UK’, as this will determine what UK tax you will have to pay. The rules around establishing yourself as “non-resident” can be mind-boggling and the HMRC guidance on the subject can be difficult to get to grips with. For example, it is possible to be resident in the UK under our tax rules and at the same time be resident in another country under that country’s tax rules. This is sometimes referred to as ‘dual residence’. This can be a very complicated procedure and it is important to seek professional advice in order to get a simple overview and specific advice tailored to your individual situation.

Seeking new markets

In today’s ever changing and competitive market it can be hard for small and medium sized businesses to compete with multinational corporations. More and more businesses are expanding into new markets and being highly successful in the process. Unfortunately, many businesses are put off by the legislation and tax procedures involved in this process and consider it more hassle than it’s worth. Our team of tax and ex-HMRC advisors are on hand to give you all the information you could possibly require and help your business in its initial stages of expansion.

If any of the above situations apply to you or if you would just like some more information about the services we offer, we are just a quick call away.

Ricky Steedman