W-8BEN or W-9 numbers
Discussion
W-8BEN are the Certificate of Foreign Status for US Tax Withholding.
Its just a form that you should be able to download from the US IRS website.
I have filled one out before as I have a company stock program that's run out of the US and filling this in avoids US tax withholding's when transactions are made.
Its just a form that you should be able to download from the US IRS website.
I have filled one out before as I have a company stock program that's run out of the US and filling this in avoids US tax withholding's when transactions are made.
Bandit said:
W-8BEN are the Certificate of Foreign Status for US Tax Withholding.
Its just a form that you should be able to download from the US IRS website.
I have filled one out before as I have a company stock program that's run out of the US and filling this in avoids US tax withholding's when transactions are made.
Cheers,Its just a form that you should be able to download from the US IRS website.
I have filled one out before as I have a company stock program that's run out of the US and filling this in avoids US tax withholding's when transactions are made.
We are a UK registered business and we are sending 1 guy to the US to carryout 2 days work and they want this completing. Do you think it needs specialist assistance or it is something we can do in house?
As an individual tax payer in the UK I've been completing form W-8BEN for the past 20 years or so because I have USA stock which pays dividends to me in the UK. The payment would be subject to USA tax but completion of W-8BEN means that only tax at the USA witholding rate is deducted (under the double taxation agreement between UK and USA). Then, as part of UK self assessment, and using the special Foreign pages, I declare the gross and net payments, and the tax withheld is offset against the gross tax otherwise due in the UK. So, in summary, UK tax is reduced by the tax paid (withheld) in the USA.
The USA paying authority is required to send to the person receiving the payment a completed form 1042-S showing the gross payment and amount of witheld.
It's a simple system, really!
R.
The USA paying authority is required to send to the person receiving the payment a completed form 1042-S showing the gross payment and amount of witheld.
It's a simple system, really!
R.
The Leaper said:
As an individual tax payer in the UK I've been completing form W-8BEN for the past 20 years or so because I have USA stock which pays dividends to me in the UK. The payment would be subject to USA tax but completion of W-8BEN means that only tax at the USA witholding rate is deducted (under the double taxation agreement between UK and USA). Then, as part of UK self assessment, and using the special Foreign pages, I declare the gross and net payments, and the tax withheld is offset against the gross tax otherwise due in the UK. So, in summary, UK tax is reduced by the tax paid (withheld) in the USA.
The USA paying authority is required to send to the person receiving the payment a completed form 1042-S showing the gross payment and amount of witheld.
It's a simple system, really!
R.
Its nothing like that for me. My business has raised an invoice to a US business and they want this completing. No interest or share of any US business, all UK business UK employees paying UK TAXThe USA paying authority is required to send to the person receiving the payment a completed form 1042-S showing the gross payment and amount of witheld.
It's a simple system, really!
R.
Extra 300 Driver said:
Cheers,
We are a UK registered business and we are sending 1 guy to the US to carryout 2 days work and they want this completing. Do you think it needs specialist assistance or it is something we can do in house?
Beyond my experience I'm afraid, don't want to give you bad advice.We are a UK registered business and we are sending 1 guy to the US to carryout 2 days work and they want this completing. Do you think it needs specialist assistance or it is something we can do in house?
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