You never know where life will take you. For many growing businesses, that’s well beyond the Thames Valley. So, if you’re building a construction business in Dubai, shipping from Shanghai or taking time out sailing the British Virgin Islands, Verallo still has your back. As a member of Allinial Global, we’re able to maintain our independence whilst being part of a 700-strong alliance of accounting practices globally.
In 2022, 90,000 British citizens moved abroad to work.
If you’re planning on working or living overseas, it’s advisable to take tax advice before you make the move. If you are internationally mobile, spending either part or all of the year outside the UK, you’ll likely need a tax strategy that comprises advice from a UK accountant and potentially one in the location in which you’re working or building your business. This will ensure you are paying tax in the right places, without over or under paying in either location.
Growing an international business
You may be UK resident under the automatic tests if you spent 183 or more days in the UK in the tax year.
Both corporate and personal tax planning can be made simpler if you have an advisor that can look at the whole picture. For example, it may be beneficial to establish an overseas entity as opposed to running the business from the UK. A joined-up conversation between your UK-based and international advisory firms will help you make the best choices for you, your family and your business.
Global tax advice
The British Virgin Islands hold more than 5,000 times the value of what its economy should hold. At Verallo, we’re a member of Allinial Global, an award-winning alliance of 700 independent accounting firms in 90 countries. From our base in Berkshire, we can connect our clients with over 26,000 technical specialists anywhere in the world, knowing that our partner firms are strictly vetted and highly-qualified.
You can be confident that we’re with you on the journey wherever life takes you.
Talk to us
Our focus on investing in client relationships for the long term means that we always look to understand your most important business and personal objectives – enabling us to offer mature, focused and well-informed business insights – pinpointing opportunities for growth and helping you make them a reality. For an initial conversation about your needs, call us on 0203 912 9933 or email email@example.com.