Expanding offshore presents real opportunities for new and established businesses seeking to grow or to reduce costs.
But when business activities cross national boundaries, expert advice is essential to maximise tax efficiency and compliance.
At Milsted Langdon in Bath, Bristol, London, Taunton and Yeovil, we are ideally placed to advise on cross-border and international trade issues, including imports, exports and inward investment. Through our association with the international MGI network of professional advisors, we add further value through our access to local knowledge and expertise in jurisdictions worldwide.
All cross-border transactions have tax implications. Some may be straightforward but others can be highly complex and create the potential for potential pitfalls, unexpected tax liabilities and missed tax planning opportunities.
If you are planning to move or trade into a new overseas territory, our early involvement will enable us to consider key factors, such as double taxation agreements, and provide offshore structuring advice tailored to your circumstances and the jurisdiction you are dealing with.
Transfer pricing can also be a significant issue for multinational groups that conduct cross-border business, with most countries having 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.
We can advise on transfer pricing issues for UK companies and UK subsidiaries of overseas firms, to help protect challenges from the tax authorities and give corporate groups certainty over internal prices and costing arrangements.
VAT is a key issue relating to imported and exported goods, including place of supply and EC sales lists, and we have particular expertise in all aspects of cross-border VAT.