When thinking about setting up a UK company, there is no one size fits all solution, and of course there are many variables to consider before making any decisions. If you have already established a UK company, it would be wise to consider how the 2018 tax reforms impact your global tax bill and whether an alternative type of business structure would be preferable.
Without careful consideration and advice, the complexity of US/UK cross-border tax rules could see more of your hard-earned money go straight to the pockets of the taxman!
The case study below includes examples of how we helped our client, which includes advice on four key areas of US tax:
- Form 8832 is the entity classification election, known as the 'check-the-box' election
- Controlled Foreign Corporation (CFC) rules, including, Subpart F anti-avoidance rules
- Passive Foreign Investment Company (PFIC) rules and tax treatment
- Global Intangible Low Taxed Income (GILTI)
When thinking about setting up a UK company, there is no one size fits all solution, and of course there are many variables to consider before making any decisions. If you have already established a UK company, it would be wise to consider how the 2018 tax reforms impact your global tax bill and whether an alternative type of business structure would be preferable.
Without careful consideration and advice, the complexity of US/UK cross-border tax rules could see more of your hard-earned money go straight to the pockets of the taxman!
The case study below includes examples of how we helped our client, which includes advice on four key areas of US tax:
- Form 8832 is the entity classification election, known as the 'check-the-box' election
- Controlled Foreign Corporation (CFC) rules, including, Subpart F anti-avoidance rules
- Passive Foreign Investment Company (PFIC) rules and tax treatment
- Global Intangible Low Taxed Income (GILTI)