The Internet provides a global market place for many businesses that previously, without large capital investment, would have been restricted to local or national operations.
Trading online offers a wealth of opportunities, however it also increases the regulatory burden and adds a layer of complexity to operations that will increase the financial risk.
An example of this is recent anti avoidance legislation for the supply of telecommunications, broadcasting and electronically supplied services, requiring companies to establish the commercial status of customers and actual place of supply of service in order to apply the correct sales tax treatment.
Our accountants and tax advisors here at F9 are able to provide advisory services and practical assistance to businesses wishing to provide goods or services online, we have extensive experience in this area and can provide guidance from the initial web development stages to ensure you build in the correct rules and gather and supply the correct documentation for your business.
With many areas of tax to consider when trading internationally it is essential you seek advice at an early stage.
We have specialist accountants and tax advisers based in our Brentwood and Canary Wharf offices. Contact us for a no obligation consultation, it’s free and may just save you time, effort and more importantly money.