[ˈdʌbᵊl tækˈseɪʃᵊn əˈɡriːmənt]
A Double Taxation Agreement is signed between two countries to try and avoid the same income being taxed twice. It exists to help promote international trade.
A Double Taxation Agreement is a treaty between two countries which aims to avoid the taxation of the same income twice. It exists in hope of encouraging international trade and investment. It also aims to provide transparency for taxpayers with complicated tax structures.
If a Double Taxation Agreement exists between the UK and another country, it is possible to claim back the foreign income tax incurred on foreign income as a tax relief for your Self Assessment in the UK.
If you are not a UK resident but earn UK income, you will still have to file a Self Assessment but a Double Taxation Agreement should allow you claim back this tax in your country of residence.
There are loads of different tax laws in the United Kingdom. IR35 is very important to freelancers and contractors but can be a little confusing. Here, we explain simply what IR35 is and who it can affect.
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Self-employed individuals can use two different methods to expense business vehicle costs. Here, we investigate the positive and negatives for both methods and which one might be right for you.
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