Practical Guide to UK Cross-Border Taxation

This title offers a clear and accessible explanation of the basic principles and many anti-avoidance rules in the UK cross-border taxation of private investments and cross-border trading. It is structured into four sections:

General Principles - an introductory section for those who have limited knowledge in these areas.

Inbound to the UK - providing an overview of the advantages and pitfalls of the UK tax system for foreign individuals and entities, this section deals with the principal taxes affecting non-resident individuals, companies and other entities establishing a UK presence or undertaking transactions with the UK from abroad.

Outbound from the UK- considers the practical considerations relating to investments or trading operations abroad, dealing with the taxation of UK resident individuals, companies and other entities with foreign interests - both the extensive anti-avoidance rules in relation to foreign investments and trading operations as well as the available tax breaks; reviews the operation of double tax treaties, the taxation of interests in offshore trusts and of the anti-avoidance rules for SMEs and larger companies; and outlines the taxation of employees going to work abroad.

Tax Planning - deals with a variety of tax break opportunities for direct investments in the UK as well as offshore planning opportunities for individuals (using trusts, other estate planning vehicles and insurance products), and for companies - in particular for SMEs; highlights potential tax pitfalls for those moving to or from the UK, in particular returning residents; and features numerous practical examples of key principles alongside matters such as the General Anti-abuse Rule and the disclosure requirements for DOTAS, DAC6 and certain tax avoidance schemes.

The result is a readable and practical overview of the UK’s offshore tax rules; one which is valuable both to newcomers to UK cross-border taxation, as well as to the experienced practitioner who needs to refresh their knowledge of the relevant rules, and wants an up-to-date and reliable source to refer to.

Author: Tom Wesel is a practising barrister specialising in cross-border tax planning for entrepreneurs and private clients. He was for many years in charge of the Master’s degree in international tax at King’s College, London, an examiner for the ADIT qualification of the Chartered Institute of Taxation and continues to teach international tax to postgraduates at King’s College and to HMRC.
Consultant editor: Catriona Loughran has worked in UK and international tax for over 20 years, with experience gained in global accountancy firms, multinational groups and HMRC. She is a Fellow of Chartered Accountants Ireland and an Associate of the UK’s Chartered Institute of Taxation, holding both the Chartered Tax Adviser and Advanced Diploma in International Tax qualifications. Through her tax training business, ExtraTax Training, Catriona teaches UK and international tax to tax professionals around the world.