Have you worked in Norway or Denmark… & considered the tax implications? AAB can help!

BLOG27th Feb 2018

Given their close proximity and strong business ties with the UK, the Scandinavian countries of Norway and Denmark are two locations we frequently see UK companies operating in.

But what some companies may be unaware of is that when undertaking such work, whether this be offshore or onshore, and whether or not connected to oil and gas projects, the UK company and its employees may have a Norwegian or Danish tax liability to report and pay. In addition, there will be considerations as to whether that overseas tax paid can be relieved against home country taxes, to minimise double taxation. There are often situations where no tax needs paid but there is still a tax filing obligation.

Failure to submit returns and pay resultant liabilities can incur significant penalties and give rise to other associated issues. If your company has worked in either Norway or Denmark (or in Norwegian or Danish waters) during 2017, then we recommend action is taken now, as the Corporate Tax reporting deadlines are fast approaching.

Here at AAB, we are experts in advising companies that have, or are considering, work in overseas locations and in particular, Norway and Denmark. On a daily basis, we assist companies in assessing what their obligations may be and support them in making all necessary tax filings and payments, ensuring the process is as seamless and painless as possible.

If you require support in this area, please contact inttax@aab.uk or your usual AAB contact. Find out more about AAB’s International Tax Team.

How AAB can help you with

International Services

If you’re facing multi-jurisdictional challenges around global mobility, tax, employer responsibilities, accounting or other issues, we’ll save you the hassle of searching for international advice – the right people are already available in our expert teams and across our Reach Network. AAB works with multinational clients across the globe, so it’s only logical that we have a comprehensive and highly effective support network that work alongside our International teams to serve them, wherever in the world they operate.

View our international services

How AAB can help you with

Corporate Tax

Corporate Tax covers a broad and complex area of tax legislation, so we provide a suitably broad and comprehensively experienced team to support your business with pragmatic, commercial advice. Businesses of all sizes and types, and across a wide range of sectors, benefit from our comprehensive corporate tax compliance and advisory service. We have exceptionally knowledgeable tax teams distributed across our offices, ready to support you with their wealth of experience and expertise. We can manage your global tax exposure with a coordinated response that saves you having to seek advice from separate advisors.

View our corporate tax service

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