International tax

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.