Website by DeHW © McNicholas
01702 416 511
07803 92 9997
UK import and export taxation relating to all corners of the globe are areas of interest for Eamon, as a tax barrister, but he is often asked about some areas in particular:
US Trade with the UK
For US firms exporting into the UK the tax regime can sometimes seem both familiar and also very foreign. But the costs of getting UK tax compliance wrong can be expensive, both in unexpected tax due and disrupted business opportunities.
The maze of UK tax can often trap US exporters, especially because of the complex interaction in UK tax law between domestic and European tax regimes.
Services and Electronic Service
Service exports into UK, or elsewhere in the European Community, can be difficult with the rules on both the place of origin and nature of a service being a minefield, especially where electronic services are concerned.
As a tax barrister, the best advice Eamon can give is that taking time to get your tax right, with advice if necessary, at the start is certainly worth while.
China and Trade with the UK
Trade between China and the UK is growing fast as China re-emerges as a world economic superpower. But the tax implications can be considerable with sometimes unforeseen pitfalls, whether with exports or imports of goods or services.
For goods or services coming into the UK the tax regime can be complex. Disputes with the UK tax authority, HM Revenue & Customs, can arise sometimes years after the event and any additional tax assessed can sometimes be very considerable.
In particular a lot can turn on being able both to show and prove the correct Chinese origin of goods sent from China to the UK so that the right duty and other taxes are paid at the time.
A recent case Eamon took as a specialist barrister in this area involved a client who had incorrectly imported from China and whose records were very closely analysed by HMRC.
If you need advice or help in this area contact Eamon for further details.
“The maze of UK tax can often trap US exporters, especially because of the complex interaction in UK law between domestic and European tax regimes.”
Good advice can
save you money!