International Tax for SMEs - A Practical Guide for Accountants

Introduction

Accountants advising individuals and small businesses may assume that international tax is outside their day-to-day work. Increasingly, this is no longer the case. Clients are becoming more mobile, diversifying their investments and expanding or investing in businesses outside the UK.

With the growth of international information exchange, HMRC now receives significantly more data from overseas tax authorities. As a result, errors or omissions relating to foreign income and gains are more likely to be identified.

Practitioners should be aware that HMRC’s enquiry window for offshore matters can extend up to 12 years, with penalties of up to 300% in serious cases.

This new live virtual seminar is designed to equip small and medium-sized accountancy practitioners with a practical understanding of international tax issues. It will highlight common risk areas, technical challenges, and the importance of recognising when overseas tax considerations may arise.

What You Will Learn

This live and interactive session will cover the following:

• How to identify and report foreign income correctly
• Claiming double tax treaty relief, including how to avoid underclaims and overclaims
• The UK tax treatment of foreign income and gains
• The tax implications of moving business operations overseas
• International aspects of global mobility
• An overview of wealth taxes
• Social security contributions in an international context

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.