Do you operate a business in the UK or Australia – or another country – and live another country?
In deciding where and how a business is taxed we need to look at the domestic law of the country where the business is carried on as well as any Tax Treaty that exists between the country where the business is undertaken and where you are residing.
As well as considering applicable Tax Treaties the more recently introduced Multi-Lateral Instruments (MLIs) agreed between a number of countries have changed certain areas of the Tax Treaties – from different dates, depending on the countries involved.
When looking at businesses, important concepts that need to be considered include;
- Whether the business has a permanent establishment in the other country; and
- The tax residence of any entity doing business in another country.
The UK and Australia view the Tax Treaty provisions in different ways.
At bdhTax we are experienced with the approaches of both countries.
We can help you navigate the confusing interaction between domestic tax law provisions, and provisions in the Tax Treaties.
We advise clients on the Tax Treaty between the UK and Australia – and a number of other countries.
Where necessary we can also refer you to local accountants outside the UK and Australia, or can liaise with your own accountant in an overseas jurisdiction.
We can also help with any applications to the UK and/or Australian tax authorities to clarify the application of the Tax Treaty – an approach that is often required if you are to take advantage of the exemption from double taxation found in Tax Treaties since the MLI’s came into force.
If you think you might need help and would like a free initial discussion with us please complete the enquiry form on this web page.
We will be pleased to have a free initial discussion with you.