Withholding Tax (WHT) may be debited from our payments to you, depending on where you/your company are based.
Whenever we are obliged to withhold taxes from our payment to you it will be made clear on your statements from us. On page one of your summary statement you will see deductions, as highlighted in the below image:
Dependent on the tax rules of the country you/your company are a resident of, it may be possible to use this as support for a reduction in the income tax liability owed to your home tax authority.
For companies that were incorporated in the UK, US, CA and most EU territories, there is a Double Taxation Treaty in force with the UK with a set rate of 0% to withhold.
Countries such as Italy, Spain, Australia, and New Zealand have a Double Taxation Treaty in force between themselves and the UK with reduced rates of withholding (i.e. above 0% but less than 20%).
For countries with no Double Taxation Treaty in force between them and the UK (e.g. Angola, Columbia, Peru), withholding tax will be deducted at the full rate of 20%.
VAT: UK tax residents must complete a VAT Self-Billing form to receive payments that are automatically inclusive of VAT. More details about VAT can be found in our article here.