Crowe UK’s International tax team is part of a network of professionals who can provide cross-border tax advice to your business through our international network, Crowe Global.
Crowe Global is one on the top 10 accounting networks in the world and with our global footprint we have the capability to deal with any local tax matters that may arise.
Managing your global compliance and reporting obligations can be a time consuming and daunting task for any international business, whether you have recently expanded abroad or are already a well established large multinational group.
Crowe can provide local in-country knowledge and expertise. We understand the challenges you face and can assist you:
International trade is constantly evolving and local taxing authorities are continuing to look at ways to ensure that multinational enterprises are paying the right amount of tax and that profits are taxed where value is created.
This approach has been enhanced further by the OECD’s Base Erosion and Profit Shifting (BEPS) action plan to how taxing authorities assess transfer pricing.
The UK has had a transfer pricing regime for many years, although small and medium enterprises (SMEs) have largely been exempt from the need to consider transfer pricing.
The transfer pricing exemption broadly applies to all SMEs that have fewer than 250 employees and either balance sheet assets of less than €43 million, or turnover of less than €50 million. However, the exemption does not apply to transactions with related parties in territories with which the UK does not have a double taxation treaty with an appropriate non-discrimination article.
From 1 April 2019, this potentially all changed for SMEs in the UK, with the introduction of the anti-profit fragmentation legislation.
In conjunction with our Crowe Global network our team can advise your business on international taxation and transfer pricing.
Crowe Global is one of the leading global accounting networks with over 200 independent accounting and advisory firms in more than 145 countries. For almost 100 years, Crowe has made smart decisions for multinational clients working across borders. Our leaders work with governments, regulatory bodies and industry groups to shape the future of the profession worldwide and provide lasting value to clients undertaking international projects.
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