International Tax

Business Operations in the United Kingdom (Portfolio 7400)

  • This Portfolio is intended to introduce U.S. and other investors, as well as their advisers, to the tax and other considerations relevant to business operations in the United Kingdom.


The Portfolio outlines the various forms in which it is possible to do business in the United Kingdom and describes the most important provisions of U.K. companies law and other legislation affecting the conduct of business.
The Portfolio considers in detail the application of the various direct taxes (corporation tax, income tax, capital gains tax, inheritance tax, stamp duty and stamp duty reserve tax) and the main indirect tax, value added tax.
The Worksheets contain texts of the United Kingdom’s tax treaties with the United States, as well as information for accessing some of the most commonly used corporation tax and value added tax forms. A bibliography is provided as a research aid.


Table of Contents

I. Legal System and Jurisdiction
II. Operating a Business in the United Kingdom
III. Business Organizations in the United Kingdom
IV. Principal Taxes
V. Taxation of United Kingdom Resident Companies
VI. Taxation of Foreign Companies
VII. Taxation of a Permanent Establishment
VIII. Taxation of Partnerships
IX. Taxation of Other Business Entities
X. Taxation of Resident Individuals
XI. Taxation of Nonresident Individuals
XII. Inheritance Tax
XIII. Inter-Company Princing
XIV. Controlled Foreign Ccompanies
XV. Avoidance of Double Taxation

Sandy Bhogal
Sandy Bhogal
Gibson, Dunn & Crutcher LLP
Benjamin Fryer
Ben Fryer
Gibson, Dunn & Crutcher LLP
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