Foreign Permanent Establishment Exemption: What You Need to Know
· WOWERI
The UK government has announced changes to the Corporation Tax foreign permanent establishment regime. Learn how these changes may affect your business.
Introduction
The UK government has announced changes to the Corporation Tax foreign permanent establishment regime. These changes may affect your business if you are a foreign entrepreneur or company operating in the UK.
Key Changes
- Changes to the definition of permanent establishment: A new definition of permanent establishment will be introduced, which will include any place where a company carries on its business on a regular basis.
- Changes to tax rules: New tax rules will be introduced, which will apply to foreign companies with a permanent establishment in the UK.
What to Do
If you are a foreign entrepreneur or company operating in the UK, you should consult a tax advisor to understand how these changes may affect your business.
Sources
What to do next
Source: gov.uk