International trade and taxation

Exports are crucial to the UK aerospace sector, making up around 70 per cent of the sector’s turnover, so access to expertise in international tax and other issues is essential for businesses in the sector.

Milsted Langdon has an established reputation for its international tax expertise and as a member of MGI, the international alliance of independent accounting and consulting firms, we also have access to the local knowledge and expertise of MGI firms in jurisdictions around the world, to provide a bespoke advisory service. Our services in this area include:

  • offshore structuring: for a business moving into or trading in a new territory, advice on offshore structuring at an early stage in the planning process is essential. With tax jurisdictions around the world widely varying, we can draw on our in-house and wider MGI expertise to deliver tailored solutions
  • international tax planning: tax affairs that cross national boundaries require specialist advice to maximise tax efficiency and ensure compliance with different tax authorities. Areas we regularly advise on include cross-border transactions, tax-efficient profit extraction, minimising exposure to double taxation and withholding taxes and supporting internationally mobile employees
  • transfer pricing can be a significant issue for multinational groups that conduct business across international boundaries. Most countries now have detailed rules in place to govern transactions between connected parties to prevent, for example, profits being moved from a high tax country to a low tax country. Our services include assessing corporate obligations under different transfer pricing regimes and advising where tax authorities challenge transfer pricing policies
  • cross-border VAT rules are complex and seeking specialist advice, to ensure both compliance and tax efficiency, is a wise move. We can advise businesses to ensure that their VAT systems are operating correctly and compliantly and that they are meeting all their obligations in the most VAT-efficient manner.

For further information on our aerospace accountancy, business advisory and tax services in BathBristol, TauntonYeovil and London, please contact us.